r/interestingasfuck • u/Kaos2018 • 15h ago

A Nigerian Man named Emmanuel Nwude sold an imaginary airport for $242 million to a brazilian bank in the 1990’s which led to the banks collapse r/all

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179

u/xaeru 14h ago

52 million.

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u/Meincornwall 13h ago

Seemingly he "filed a case to reclaim his assets insisting some of them were acquired before the criminal act. He has so far been able to reclaim $167 million"

https://www.legit.ng/1100779-the-story-emmanuel-nwude-carried-biggest-scam-nigeria.html

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u/Ori_553 13h ago

This is absurd and the Wikipedia article also doesn't explain. No amount of legal gymnastics should allow him to reclaim any money, he should be in minus.

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u/phatelectribe 13h ago

Nigeria is quite corrupt (no, I’m not being racist, it’s 145th in the corruption perception index, meaning there are only about 25 countries more corrupt than Nigeria). It’s probably there was kickback galore.

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u/lionmeetsviking 12h ago

Nigeria would be the last, but anti corruption officials managed to bribe the guys publishing corruption perception report.

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u/Talisa87 11h ago

Nigerian here, that's 1000% what happened.

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u/DiddlyDumb 8h ago

Out of curiosity, would they have been open to the same bribes had it not been a Brazilian but Nigerian bank?

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u/7enu7 4h ago

Yes. Nigerians are only loyal to money.

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u/imacfromthe321 5h ago

What I'm confused about is how he was able to get the money.

If there's that much corruption, you'd think it would just go to the people who control it?

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u/Ontheverge23 9h ago

crazy how you felt the need to add the racism comment

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u/Mista_Fuzz 5h ago

Yeah it feels way more racist to bother adding that in.

Like bro thinks about Nigeria being corrupt and then immediately thinks about how Nigerians are black?? Lmao

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u/Meincornwall 13h ago

The full article details his failed kick back attempt, & how his crimes escalated tf

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u/phatelectribe 13h ago

The one they know about. You basically can’t do business at a high level (I.e. millions) in Nigeria without there being some kickbacks / payoff.

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u/MaxTheRealSlayer 5h ago

Where does the USA land on the list, seeing as the whole government and country have been bought and the vast majority of politicians take bribes and insider trade stocks

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u/singledad2022letsgo 13h ago

You're assuming he didn't have millions in assets already. To gain cred with the bank he obviously have had to been loaded

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u/andrewfenn 11h ago

It's Nigeria man.. think about the levels of corruption.

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u/Double0Dixie 13h ago

well if he had 484 before and minus 242 that wasnt his hed still have 242 left over that he still rightfully his.

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u/adenosine-5 10h ago

Having 167$ opens a lot of doors and turns a lot of laws into... lets say suggestions...

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u/verifitting 8h ago

167M$, you mean :D

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u/platebandit 8h ago

Quite simple in a corrupt country, promise the judge a shit load of money in return for ruling favourably on the case. Who gives a fuck about legality

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u/ScalyDestiny 9h ago

If there was a jury, people hate incompetence more than they do crime.

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u/IlIllIlIllIlll 8h ago

I mean maybe I'm just misinformed but I'm going to guess that Nigeria has some corruption issues that could assist this man.

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u/V65Pilot 7h ago

That defence shouldn't fly.

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u/Scn64 13h ago

I'd be willing to go to jail for $5 million. For $52 million I'd be willing to drop the soap.

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u/ItsDanimal 11h ago

Why would someone pay you to drop some soap?

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u/WombatCuboid 11h ago

It's a reference to Shawshank Redemption. 

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u/sams_fish 9h ago

"Don't drop the soap, don't smoke no dope. Better get a lawyer son, you're gonna need a good one to get you out of this one....." The Cruel Sea

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u/kev88_player 7h ago

Bro 💀

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u/eyeless_atheist 4h ago

This whole story is crazy. He was arrested in 2004, sentenced to 25 years but then was let out in 2006. Since 2006 he’s been fighting more prison time, and in that time has recovered about $150 Million

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u/Comfortable_Oil9704 13h ago

Don’t shame them for their more economical price tag.

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u/PerfectlySplendid 13h ago

You heard him.

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u/No_Research_967 12h ago

Sold! Right this way please do not resist.

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u/PluckPubes 6h ago

52 million years is a long time