The Great Nigerian Put-away
Silicon reports that two of the perpetrators of the largest ever fraud in Nigerian history have been jailed for a total of 37 years.
According to Reuters, Emmanuel Nwude was sentenced to 25 years and Nzeribe Okoli to 12 years for their part in a scam which brought down Brazilian bank Banco Noroeste.
The two men agreed to forfeit assets worth $121.5m to victims of the scam.
The Nigerian government has recently grown aware of the full extent to which it has become synonymous with fraud and has begun working with Microsoft and the UK Office of Fair Trading to combat the problem.
According to Reuters, Emmanuel Nwude was sentenced to 25 years and Nzeribe Okoli to 12 years for their part in a scam which brought down Brazilian bank Banco Noroeste.
The two men agreed to forfeit assets worth $121.5m to victims of the scam.
The Nigerian government has recently grown aware of the full extent to which it has become synonymous with fraud and has begun working with Microsoft and the UK Office of Fair Trading to combat the problem.
posted by Unknown at
11/21/2005 05:43:00 pm
<< Home