The Owelle Nwadinigwe of Abagana as he’s fondly called is the first Major Convict of the Commission.
He Defrauded Brazil’s Banco Noreste of $242m in 1995.
He Impersonated Mr Paul Ogwuma, the then
Governor of Nigeria’s Central Bank & Successfully Convinced Nelson Sagakuchi, an Executive Director of the Brazilian Bank & the Entire Board of the Bank to Invest in Nigeria’s New Airport Development Situated in Abuja,
After Which they’ll Run it for Some Years and get Quadruple what they Invested.
He had Promised the Members of the Board of the Brazilian Bank a $10m Commission upon the Completion of the Project.
In 1997 when Banco Santander, a Spanish Bank attempted a Take Over of the Brazilian Bank,
They Found that there was an Unserviced Loan to Companies Registered in Cayman Islands,
St. Lucia, St.Kitts & Nevis, St. Vincent & Grenadines, Switzerland & USA.
The Companies were African Shelter Bureau Ltd, Emrus Ltd, Fynbaz Ltd & Ocean Marketing Investment Ltd,
Belonging to Chief Emma Nwude Odinigwe, Chief Christian &
Lolo Amaka Anajemba,
Chief Emma Ofolue, Cheif Nzeribe Okoli & Mr Obum Osakwe.
Banco Santander Moved to Take Over the Inexistent Airport in Nigeria,
The Team that Came to Nigeria Consisted Directors, Auditors & Lawyers from Both Banks,
They were Shocked to their Marrows on their Arrival when they Found out they’ve been Scammed.
They Reported to the FBI & Investigations began in Brazil, Switzerland, USA & Nigeria,
While that was Ongoing,
The Owners of the Brazilian Bank;
Simoshen & Cochrane Families had to Bear the Brunt of the $242m Scam which in Turn were Customer Funds.
That Repayment Led to the Crash of the Bank in 2001.
In 2002 when EFCC was Set up,
That was the First Case Handled.
In February 2004 all Parties Involved in Perpetrating the Fraud were Rounded up & Arrested,
They were Kept in EFCC’s Custody while Investigations & Trial began.
In July 2004 the Case was thrown Out by a Judge at the Abuja High Court,
Citing Lack of Jurisdiction.
However there had been Earlier Allegations of
“Money Going Round” by a Judge of the Abuja High Court, Lawal Gumi,
He Alleged that Staff of the Court were been Bribed by the Suspects.
They were Subsequently Rearrested at the Door of the Court and were Sent to Lagos to Face Charges Bordering on Advance Fee Fraud & Bribery.
Chief Nwude Odinigwe Attempted Bribing
Mr Nuhu Ribadu with $75k Cash,
Which Mr Ribadu Vehemently Refused & Exposed the Recordings.
Chief Nwude Odinigwe Kidnapped & Attempted the Murder of a Prosecution Witness,
After Which Lolo Amaka Anajemba Admitted to Conniving with Chief Nwude to Defraud the Bank,
It was also Revealed that Chief Nwude Assasinated Chief Christian Anajemba for Betrayal, Admittance & Confession of the Crime.
On the Day of their Sentencing,
There was a Bomb Scare at the Court Premises Forcing the Courthouse to be Vacated,
It was Found to be Handiworks of Chief Nwude.
They were Later Sentenced to 25 Years in Prison.
He was Later Released in 2009,
He went on to Become President of Ugbene Town’s Union, of Awka North,Anambra State.
He went back to Prison in 2016 after he was Alleged to have Masterminded the Attacks on Ukpo Town in Dukunofia LGA, Anambra State Over a Land Dispute in which 4 Policeman were Shot Dead.
He was Granted Bail & Released from Awka Prison,
While on Bail,
He was Arrested and Arraigned for Forging Documents of Properties Located in Alausa, Lagos.
These New Scam Artists/Ponzi Promoters,
Disguising as “Investments”,
“Yahoo Boys” Learnt from his Likes,
He’s the Pace Setter.