Crime
Meet the First Nigeria Yahoo Boy Who Sold Fake/Imaginary Airport for $242 million
Yahoo in Nigeria the days are now too rampant but it didn’t start today because today we bring to the first yahoo boy in Nigeria who sold a fake airport for $242 million.
Emmanuel Nwude from Anambra state is a Nigerian development expense extortion craftsman and previous Director of Union Bank of Nigeria.
He is known for duping Nelson Sakaguchi, a Director at Brazil’s Banco Noroeste situated in Sau Paulo of $242 million: $191 million in real money and the rest of the type of remarkable premium somewhere in the range of 1995 and 1998.
His wrongdoing is the third biggest extortion in the financial industry after NickLeeson’s exchanging misfortunes at Barings banl, and the plundering of the Iraqi Central bank by Qusay Hussein.
Yahoo in Nigeria the days are now too rampant but it didn’t start today because today we bring to the first yahoo boy in Nigeria who sold a fake airport for $242 million.
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He imitated the Central Bank of Nigeria Governor and persuaded Sakaguchi to put resources into another air terminal going to be underlying Abuja in return for a US$10 million commission.
His case was the very first case dealt with by the Economic and Financial Crimes Commission.
He was cautioned not to pay off anyone by the directing appointed authority but rather he played hard of hearing ear and had a go at paying off Nuhu Ribadu, the EFCC director with US$75,000.
He was captured in 2005 and requested to pay a fine of US$255 million however was delivered a year after, in 2006 despite the fact that he was condemned to 25 years of detainment.
Nonetheless, he was rearrested in 2016 and charged for a homicide case.
As of 2015, Nwude had effectively recovered US$52 million from his held onto riches.
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