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Thursday, April 1, 2004
Volume:
20
Issue:
4
146
Abstract:
On February 4, 2006, Chairman of the Nigerian Economic and Financial Crimes Commission (EFCC) announced the start in Abuja, Nigeria the prosecution of six Nigerians involved in a $242 million advance fee fraud scam characterized as the largest ever in the world.
The prosecution has brought an 86 count charge of advance fee fraud against executive director of a bank, Emmanuel Nwude, and six others by the Federal Government in the Abuja High Court. The charges are the largest and most important since the Economic & Financial Crimes Commission (EFCC) started its effort to combat advance fee fraud, also known as ?419" frauds after the relevant section of the Nigerian criminal code. The charges also name as responsible Amaka Martina Anajemba and Chief Nzeribe Edeh Okoli. Four companies were arraigned on February 4. They were Fynbaz Nigeria Limited, Emrus Nigeria Ltd., Ocean Marketing Co. Nigeria Ltd. and African Shelter Bureau Nigeria Limited...[more]