Meet Emmanuel Nwude, The Biggest Nigerian ‘Yahoo Boy’ in History Who sold An Airport For $242m

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Nwude: In this retro arrangement, i bring to you the account of Emmanuel Nwude who submitted the biggest extortion in the nation by selling a non-existent air terminal to a Brazilian for $242 million somewhere in the range of 1995 and 1998.

The ascent of web extortion normally known as 419 is one wonder Nigeria has come to be related it.

Before web extortion turned into a worldwide issue, Nwude had submitted perhaps the greatest trick on the planet.

In particular, his extortion was the third biggest financial trick on the planet after the Nick Leeson’s exchanging misfortunes at Barings Bank, and the plundering of the Iraqi Central Bank by Qusay Hussein.

How was Nwude ready to complete this stunning trick and persuade Nelson Sakaguchi who was the executive of the bank to leave behind such a lot of cash for the acquisition of an air terminal?

Nwude was a previous chief of Union Bank of Nigeria and this position made him conscious of certain connections, data and archives that different people would not know about.

He mimicked the then legislative head of the Central Bank of Nigeria, Paul Ogwuma, and associated with Sakaguchi illuminating him regarding a mouth-watering arrangement of Nigeria’s arrangement to construct an air terminal in Abuja.

Nwude, professing to be the Central Bank of Nigeria senator, disclosed to Sakaguchi that he had of possibility of stashing $10 million commission when the arrangement went through. Sakaguchi paid $191 million in real money and the rest of the type of exceptional premium.

Nwude’s assistants were Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe, alongside the couple team, Christian Ikechukwu Anajemba and Amaka Anajemba, with Christian later being killed.

The group of thugs had the option to persuade the chief of the Brazilian bank to leave behind the cash.

How did Sakaguchi discover he was a survivor of one of the biggest trick on the planet? 

In 1997, the Spanish Banco Santander needed to assume control over the Banco Noroeste and a joint executive gathering was held in December of that year.

Authorities of the Spanish bank noticed that half of the Brazilian bank’s capital was at Cayman Islands unmonitored. This brought up issues as this was two-fifths of Noroeste’s absolute worth.

Examination started and was completed in Brazil, Britain, Nigeria, Switzerland, and the United States. Despite the fact that the offer of the Bank despite everything went on as the proprietors of the bank took care of $242 million tab, the nak still fallen in 2001.

The introduction of the EFCC

In 2002, the then president, Olusegun Obasanjo saw to the foundation of an enemy of join organization, the Economic and Financial Crimes Commission (EFCC).

Nwude’s extortion case one of the first to be researched and in 2004, all individuals from the pack were summoned under the steady gaze of an Abuja High Court on 86 tallies of “falsely looking for advance expenses” and 15 checks of pay off identified with the case .

In spite of the fact that they argued not blameworthy, they were cautioned not to endeavor to pay off court authorities as it was speculated that cash was going round.

In 2005, Amaka admitted to aiding Anajemba and was approached to reimburse $25.5 million and furthermore condemned to more than two years in jail.

Nwude endeavored to pay off Nuhu Ribadu, the then director of the EFCC, with $75,000 money yet the last can’t and Nwude was accused of endeavored pay off just as endeavor to abduct an arraigning observer.

Following Sakaguchi’s observer, Nwude at long last confessed and was condemned to five simultaneous sentences of five years and was likewise approached to pay $10 million fine to the national government. 

He was discharged from jail in 2006 and recorded a case to recover his advantages demanding some of them were obtained before the criminal demonstration. He has so far had the option to recover $167 million.


A land question in the town of Ukpo in the Dunukofia region with Abagana people group turned grisly when more than 200 men attacked the network slaughtering four police officers and the security monitor at the building site in 2016.

The Anambra state government fingered Nwude as the instigator and he was in this way captured and summoned on 27 charges including murder and fear based oppression. He is being held at Awka jail as the legal dispute is still on.

While Nwude’s criminal adventure was not the first in the nation, it connoted the ascent in universal money related wrongdoing and advance the propelled charge misrepresentation disorder with Nigeria’s name related with it.

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