The biggest scam of all time in nigeria has been recorded by the EFCC as a nigeria allegedly sold an airport.
The nigeria whose name was discovered to be emmanuel nwedu was a Nigerian artist and former director of Union bank of Nigeria until his late activities of defrauding people came known to people.
He was known of defrauding Nelson Sakaguchi one of the directors in Brazil's Banco Noroeste which was based in Sao Paulo. Emmanuel defrauded the Brazilian man of a whopping $242 million and $191 million in cash while the remaining was said to be an outstanding interest.
He was to said to have been accompany by five other people who pretend to have been into airport control and plotting.
Error struck as the buyer complained to the government of nigeria and the EFCC struck into action.
Emmanuel Nwedu was an impersonator who impersonated the then Governor of the Central Bank of Nigeria Paul Ogwuma.
He was able to successfully convinced his client Sakaguchi to invest in a new airport in Abuja which is the Federal Capital Territory of Nigeria with which or exchange of $10 million commission.
It all started when the Spanish Banco Santander in August 1997 wanted to take over the Banco Noroeste Brazil.
The fraudulent activity was uncovered later on in December 1997 where a joint board meeting took place and an official from Santander inquired about why should such huge amount of money almost two-fifths of Noroeste's total value and half of their capital was sitting in the cayman islands unmonitored.
This was the reason that led to criminal investigation in Brazil, Switzerland, Britain, Nigeria and the united states. However, Banco Noroeste collapse in 2001.
This was according to the EFCC the biggest crime recorded in nigeria from the 1990's to the 2000's as none as big as this has been recorded.
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