In a landmark ruling, an Ikeja Special Offences Court of the Lagos State High Court has once again handed down convictions to notorious serial fraudster Emmanuel Nwude and his two lawyers, Emmanuel Ilechukwu and Rowland Kalu.
Justice Mojisola Dada sentenced each of them to one year in prison for forgery and dealing in forfeited property. The trio had originally been arraigned on March 2, 2018, facing an amended 15-count charge that included conspiracy, forgery, uttering false documents, dealing with forfeited property, attempting to pervert the course of justice, and fabricating evidence.
After six years of painstaking trial proceedings, the court found Nwude guilty of forging documents related to property that a then Lagos State High Court judge, Justice Joseph Olubunmi Oyewole (now a Supreme Court Justice), had previously ordered him to forfeit to his victims—specifically a Power of Attorney for property belonging to Mankris Ventures Limited.
Nwude is already well-known in Nigeria for his audacious 2005 fraud conviction, where he impersonated Paul Ogwuma, former Governor of the Central Bank of Nigeria (1993–1999), to defraud a Brazilian bank.
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Between 1995 and 1998, Banco Noroeste fell victim to a massive $242 million fraud. At the time, it ranked as the third-largest bank fraud in history and ultimately led to the bank’s collapse in 2001. In 2005, Justice Oyewole sentenced Emmanuel Nwude to 25 years in prison for orchestrating the scheme. His conviction marked a landmark case for the newly established Economic and Financial Crimes Commission (EFCC), signaling a strong stance against financial crime in Nigeria.
Additional report by casefileng.com
