Nigerian fraudsters jailed for $240m bank sting -at silicon.com

Nigerian fraudsters jailed for $240m bank sting – Government & Law – Breaking Business and Technology News at silicon.com

Two of the perpetrators of the largest ever fraud in Nigerian history have been jailed for a total of 37 years.

According to Reuters, Emmanuel Nwude was sentenced to 25 years and Nzeribe Okoli to 12 years for their part in a scam which brought down Brazilian bank Banco Noroeste.

The two men agreed to forfeit assets worth $121.5m to victims of the scam.

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