By Jane Echewodo
A witness, Mr Arifayo Falodun, yesterday informed an Ikeja Special Offences Court how Emmanuel Nwude, a con man convicted of defrauding a Brazilian bank of $242million forged legal documents of property forfeited in judgment.
Nwude was convicted by an Ikeja High Court in 2005 for impersonating Paul Ogwuma, a governor of the Central Bank of Nigeria (CBN), who had served from Oct. 1, 1993 to May 29, 1999 in order to defraud a Brazilian bank.
The bank, Banco Noroeste, was defrauded of $242million between 1995 and 1998.
As at the time of the incident, it was the third largest bank fraud in history, resulting in the collapse of Banco Noroeste in 2001.
Nwude was sentenced to 25 years imprisonment for the fraud in 2005 by Justice Joseph Oyewole.
His conviction was the first major conviction for the then newly established Economic and Financial…
Read More…..Vanguard Newspaper
