The Unbelievable Story Of A Nigerian Yahoo Yahoo Boy Who Sold A Fake Airport For $242m (PHOTOS)

Date: 18-07-2017 2:12 pm (6 years ago) | Author: Bayo Nelson
- at 18-07-2017 02:12 PM (6 years ago)
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The story of Emmanuel Nwude who committed the largest fraud in the country by selling a non-existent airport to a Brazilian for $242 million between 1995 and 1998. The rise of internet fraud commonly known as 419 is one phenomenon Nigeria has come to be associated it. Before internet fraud became a global issue, Nwude had committed one of the biggest scams in the world.
Specifically, his fraud was the third largest banking scam in the world after the Nick Leeson’s trading losses at Barings Bank, and the looting of the Iraqi Central Bank by Qusay Hussein. How was Nwude able to carry out this jaw-dropping scam and convince Nelson Sakaguchi who was the director of the bank to part with so much money for the purchase of an airport? Nwude was a former director of Union Bank of Nigeria and this position made him privy to some links, information and documents that other persons would not be aware of. He impersonated the then governor of the Central Bank of Nigeria, Paul Ogwuma, and connected with Sakaguchi informing him of a mouth-watering deal of Nigeria’s plan to build an airport in Abuja.
Nwude, pretending to be the Central Bank of Nigeria governor, told Sakaguchi that he stood of chance of pocketing $10 million commission when the deal passed through. Sakaguchi paid $191 million in cash and the remainder in the form of outstanding interest. Nwude’s accomplices were Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe, along with the husband and wife duo, Christian Ikechukwu Anajemba and Amaka Anajemba, with Christian later being assassinated.
The criminal gang was able to convince the director of the Brazilian bank to part with the money. How did Sakaguchi find out he was a victim of one of the largest scam in the world?
In 1997, the Spanish Banco Santander wanted to take over the Banco Noroeste and a joint board meeting was held in December of that year. Officials of the Spanish bank noted that half of the Brazilian bank’s capital was at Cayman Islands unmonitored. This raised questions as this was two-fifths of Noroeste’s total value.
Investigation began and was carried out in Brazil, Britain, Nigeria, Switzerland, and the United States. Although the sale of the Bank still went on as the owners of the bank paid $242 million bill, the nak still collapsed in 2001.


Posted: at 18-07-2017 02:12 PM (6 years ago) | Addicted Hero
- livingstone80 at 18-07-2017 02:40 PM (6 years ago)
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honest speaking i hate evils but this guy very smart and intelligent, I remove cap for you!
Posted: at 18-07-2017 02:40 PM (6 years ago) | Upcoming
Reply
- christianity at 18-07-2017 02:44 PM (6 years ago)
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newsless news
Posted: at 18-07-2017 02:44 PM (6 years ago) | Gistmaniac
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- Markeve at 18-07-2017 02:48 PM (6 years ago)
(f)
This is not 419 but 410 dis guy start thief from he mama belle.
Posted: at 18-07-2017 02:48 PM (6 years ago) | Gistmaniac
Reply
- tegonwa at 18-07-2017 02:55 PM (6 years ago)
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And After All Said And Done;where Is He Now?No Evil Goes Unpunished.So Hopeless Of Him.Fraudlently Hopeless!
Posted: at 18-07-2017 02:55 PM (6 years ago) | Gistmaniac
Reply
- gogoman at 18-07-2017 03:22 PM (6 years ago)
(m)
where him dey now Roll Eyes Roll Eyes
Posted: at 18-07-2017 03:22 PM (6 years ago) | Grande Master
Reply
- euwilliams at 18-07-2017 05:06 PM (6 years ago)
(f)
Too bad of him
Posted: at 18-07-2017 05:06 PM (6 years ago) | Gistmaniac
Reply
- ruthie at 18-07-2017 05:23 PM (6 years ago)
(f)
CHAI.... ONE OF THE BIGGEST SCAMS EVER...I HOPE HE IS COOLING OFF IN JAIL
Posted: at 18-07-2017 05:23 PM (6 years ago) | Hero
Reply
- pricklong at 18-07-2017 05:34 PM (6 years ago)
(m)
please i need the formular
Posted: at 18-07-2017 05:34 PM (6 years ago) | Gistmaniac
Reply
- pricklong at 18-07-2017 05:34 PM (6 years ago)
(m)
please i need the formular
Posted: at 18-07-2017 05:34 PM (6 years ago) | Gistmaniac
Reply
- christiano10 at 18-07-2017 05:56 PM (6 years ago)
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Quote from: pricklong on 18-07-2017 05:34 PM
please i need the formular
try almighty formular.
Posted: at 18-07-2017 05:56 PM (6 years ago) | Gistmaniac
Reply
- osarobo62 at 18-07-2017 06:00 PM (6 years ago)
(m)
Quote from: pricklong on 18-07-2017 05:34 PM
please i need the formular
he go give you the formula of how to pick up soap from floor of jail bathroom
Posted: at 18-07-2017 06:00 PM (6 years ago) | Hero
Reply
- OLOWOBABA10 at 19-07-2017 06:34 AM (6 years ago)
(m)
THE OP, THIS IS SOMETHING THAT HAPPENED BEFORE YOU WERE BORN, WHY REPOSTING IT?
Posted: at 19-07-2017 06:34 AM (6 years ago) | Upcoming
Reply
- CHRISETTE at 20-07-2017 05:00 AM (6 years ago)
(f)
That's money oo
Posted: at 20-07-2017 05:00 AM (6 years ago) | Hero
Reply

fire TRENDING GISTS fire

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