HUSHPUPPI IS BABY SCAMMER COMPARED TO THIS GUY
HUSHPUPPI IS A BABY SCAMMER COMPARED TO THIS GUY
History might have had it of recently that the Yoruba- Nigerian born Ramon Olorunwa Abbas who is a a Lagos guy by state of origin. Born on 11th October 1982 (39 yrs ) is the top biggest and baddest scammer, however, that is in terms of recent findings. on the other hand, there have been top and dreaded scammers who have been before the Young Ramon.
Emmanuel Nwude is known as the biggest scammer in the history of Nigeria after he sold “a fake airport” to a Brazilian man called Nelson Sakaguchi for the sum of $242m.
Till date, Emmanuel Nwude’s crime is known as one of the biggest banking frauds in the world. The crime also became one of the phenomena that gave rise to internet fraud commonly known as 419.
Even before internet fraud became a global issue Emmanuel Nwude had committed one of the biggest scams in the world. He successfully swindled the Director at Brazil’s Banco Noroeste based in São Paulo, of $242 million, $191 million in cash and the remainder in the form of outstanding interest, between 1995 and 1998.
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.
As a banker and former director of Union Bank of Nigeria, Nwude’s position made him privy to some links, information and documents.
Hence, it was easy for Nwude to impersonate Paul Ogwuma, the then Governor of the Central Bank of Nigeria (CBN) and thereafter persuaded Mr Sakaguchi to invest in a new airport in FCT, Abuja, in exchange for a $10 million commission.
The attractive commission was enough for Sakaguchi to agree to pay $191 million in cash and the remainder in the form of outstanding interest.
The fraud was not discovered until close to three years after, in August 1997, when Spanish Banco Santander wanted to take over the Banco Noroeste Brazil.
During a joint board meeting, an official from Santander inquired about why a large sum of money, two-fifths of Noroeste’s total value and half of their capital, was sitting in the Cayman Islands unmonitored.
A criminal investigation was carried out in Brazil, Britain, Nigeria, Switzerland, and the United States. While the sale of the Bank proceeded, the owners of Banco Noroeste bank paid $242 million bills before its collapse in 2001.
As investigation over the international scam continued, former President Olusegun Obasanjo created the Economic and Financial Crimes Commission, EFCC in 2002.
In February 2004, Emmanuel Nwude and his gang were arrested and charged in the Abuja High Court with 86 counts of “fraudulently seeking advance fees” and 15 counts of bribery related to the case.
Emmanuel Nwude was later to be arrested again in August 19, 2016 on a 27-count charge including murder, attempted murder, and terrorism.
Nwude presently sits in one of the cells at the creatively-named Arkham Prison, Gotham city in Anambra State, awaiting trial for murder.
The story ends here temporarily as we promise to dig deeper and make sure we feed you with our latest findings. Our press committee will keep making research and provide you with latest and verified entertainment and news
