Nigerian Fraud Duo Jailed for 37 Years
John Leyden writes in The Register:
Two Nigerian fraudsters have been jailed for a total of 37 years following their conviction for involvement in what has been described as the biggest scam in the West African Country's history. Emmanuel Nwude was sentenced to 25 years imprisonment and Nzeribe Okoli to 12 years imprisonment after they plead guilty to conspiring to defraud a Brazilian bank of $242m (£141m). The duo will also forfeit $121.5m in compensation to victims of their scam, which resulted in the collapse of Sao Paolo-based Banco Noroeste.
A third fraudster, Amaka Anajemba, who was jailed for two and a half years after agreeing to pay $48.5m in compensation. The crooks milked millions from staff at the Banco Noroeste by offering huge commissions in return for brokering a non-existent construction contract to build an airport in Nigeria's capital Abuja.
posted by Fergie @ 11/21/2005 07:05:00 AM
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