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How do you sell an entire fake airport for $242 MILLION one legend from Nigeria did that 😭
Emmanuel Nwude was a Nigerian businessman and former director at Union Bank of Nigeria
In The 1990s, he pretended to be Nigeria’s Central Bank governor and claimed they needed $242 million for a fake airport project in Abuja from Brazil’s Banco Noroeste
He and his partners faked documents, companies, and fake government officials to convince a bank director Nelson Sakaguchi to keep sending money
The fraud lasted for 3 years before authorities discovered the bank had lost hundreds of millions of dollars
The case involved international investigations across several countries, the EFCC arrested Nwude in 2004, he was sentenced to 25 years in prison with many of his assets seized and over $52M recovered
he was released after two years In 2026, he got convicted again in Lagos for falsification and illegally dealing with properties connected to the original fraud case