Feeds

Nigerian fraud duo jailed for 37 years

Please excuse the manner of our sentencing...

Top 5 reasons to deploy VMware with Tegile

Two Nigerian fraudsters have been jailed for a total of 37 years following their conviction for involvement in what has been described as the biggest scam in the West African Country's history. Emmanuel Nwude was sentenced to 25 years imprisonment and Nzeribe Okoli to 12 years imprisonment after they plead guilty to conspiring to defraud a Brazilian bank of $242m (£141m). The duo will also forfeit $121.5m in compensation to victims of their scam, which resulted in the collapse of Sao Paolo-based Banco Noroeste.

A third fraudster, Amaka Anajemba, who was jailed for two and a half years after agreeing to pay $48.5m in compensation. The crooks milked millions from staff at the Banco Noroeste by offering huge commissions in return for brokering a non-existent construction contract to build an airport in Nigeria's capital Abuja.

"The activities of the accused persons not only led to the collapse of a bank in a foreign country, but also brought miseries to many innocent people," said Justice Joseph Oyewole, Reuters reports. The convictions are the first by Nigeria's Economic and Financial Crimes Commission (EFCC), established two years ago to combat the country's burgeoning trade in email scams.

EFCC said it has arrested more than 200 email scam suspects since 2003, secured a dozen convictions and confiscated property worth $200m. ®

Remote control for virtualized desktops

More from The Register

next story
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
Mozilla, EFF, Cisco back free-as-in-FREE-BEER SSL cert authority
Let’s Encrypt to give HTTPS-everywhere a boost in 2015
You really need to do some tech support for Aunty Agnes
Free anti-virus software, expires, stops updating and p0wns the world
Meet OneRNG: a fully-open entropy generator for a paranoid age
Kiwis to seek random investors for crowd-funded randomiser
Got an iPhone or iPad? LOOK OUT for MASQUE-D INTRUDERS
UNjailbroken iOS 7, 8 open to evil, says secbiz FireEye
USB coding anarchy: Consider all sticks licked
Thumb drive design ruled by almighty buck
Attack reveals 81 percent of Tor users but admins call for calm
Cisco Netflow a handy tool for cheapskate attackers
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.