Vibekiller:
That time fraud was easy doing it to the white men, because they were very greedy.

ObedOkoro:
This is Emmanuel Nwude, the biggest fraudster in Nigerian history. Between 1995 and 1998, he sold a fake airport to a Brazilian banker for $242 million.

This guy’s fraud was considered the third largest banking scam in the world after the Nick Leeson's trading losses at Barings Bank, and the looting of the Iraqi Central Bank by Qusay Hussein.

Nwude even used part of his fraud money to acquire block shares in Union Bank of Nigeria and earned himself the position of a non-executive director in the bank.

When EFCC was on his case, Nwude attempted to bribe Nuhu Ribadu, the then chairman of the EFCC, with $75,000 cash but the latter refused and Nwude was charged with attempted bribery as well as attempt to kidnap a prosecuting witness. Nwude was sentenced to five concurrent sentences of five years and was also asked to pay $10 million fine.

After he was released from prison in 2006, he filed a case to reclaim his assets insisting some of them were acquired before the criminal act. He was able to reclaim $167 million.

Credit: Apotheosis of knowledge

Doubleoh7:

On the contrary, fraud then was more pain staking and required meticulous planning and strategy than now that all you need is some advanced computer skills to intercept millions of dollars. These men in their time brought in whites and had physical meetings in high powered government agencies and ministries where they finetuned their scams and signed papers. They had their people sit on high level government 'seats' acting as the authority and okaying these deals. The airport scam purportedly involved a meeting with the CBN governor, who of cos was one of them acting as CBN governor in the CBN governor's office.

Vibekiller:
That time fraud was easy doing it to the white men, because they were very greedy.