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Nigeria: There have been many fraudsters or fraudsters in history whose stories are quite famous even today. But the story of Emmanuel Ndude, former director of Union Bank of Nigeria, is quite interesting. He holds the record of the third biggest fraud in the history of banking. By posing as the Governor of the Central Bank of Nigeria, he had defrauded a Brazilian bank of about 242 million dollars (20 billion rupees) in the name of building an airport.
( airport ) Let’s know what is the whole story….
Nigeria’s Emmanuel Nde holds the record of the biggest scam in the history of world banking. Ahead of them are Qusay Hussain, who robbed the Iraqi Central Bank, and Nick Leeson, who robbed the Barings Bank.
Emmanuel Nude Odinigwe, popularly known as Owele of Abagana, defrauded Nelson Sakaguchi, director of Banco Noroeste in Sao Paulo, Brazil, of $242 million (Rs 20 billion) by pretending to be the Chairman of the Central Bank of Nigeria.
Emmanuel also used man power to carry out this scam. He included a couple Christian Ikechukwu Anajemba and Amaka Anajemba as well as Emmanuel Ofolu, Nzeribe Okolie and Obam Osakwe in his team. Together they defrauded the International Bank.
Emmanuel, who described himself as the President of the Central Bank of Nigeria, had persuaded Brazilian director Nelson Sakaguchi to invest by promising him a 10% commission in return for helping to build an airport in his country (Nigeria).
The total deal between Emmanuel and Nelson Sakaguchi was worth 242 million dollars (20 billion rupees). Of this, $191 million was to be paid in cash and the remaining amount along with interest between 1995 and 1998. But the revelation came when a Spanish multinational company went to acquire Brazilian bank ‘Banco Noroeste’. It was found that half of the total capital of this bank is missing. Then its investigation started and Emmanuel Nude was caught.
Special crime task forces were formed in Brazil, Britain, Nigeria, Switzerland and the United States. Emmanuel Nde was searched in Nigeria. Emmanuel Naudé was arrested at New York’s John F. Kennedy Airport and flown to Switzerland to stand trial on fraud-related charges.
