According to The Guardian Nigeria News, Nwude was convicted in 2005 for impersonating Paul Ogwuma, a governor of the Central Bank of Nigeria (CBN), in order to defraud a Brazilian bank. The total deal was $242 million, with $191 million in cash and the remainder as outstanding interest between 1995 and 1998. According to Medium, Nwude's scam came to light when Banco Santander, a Spanish multinational financial services company, attempted to acquire the Brazilian bank. However, amid all this, to salvage the situation, the Simonsen and Cochrane families, who own the Banco Noroeste, paid $242 million. In 2021, he also reportedly claimed that he was unaware of the $242 million airport scam.

Source: The Guardian October 24, 2023 06:59 UTC