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‘Account for monies realized from sale of my properties’


Embattled businessman, Chief Emmanuel Nwude, has called on the Economic and Financial Crimes Commission (EFCC) to give account of the monies realized from the sale of his Abuja property known as Russel Centre.

Speaking through his counsel, Mr. Ilechukwu Emmanuel during a press conference in Lagos, he said every story told by the EFCC regarding Nwude’s fraudulent escapades were false.

According to him, the truth of the matter is that, there was a scam somewhere affecting a Brazilian bank and its shareholders, which involved a Nigerian lawyer and himself.


“In the cause of it, a Nigeria lawyer was involved and judgment was entered in a British high court and Nwude was a party in the suit,” he explained.

He said Nwude was exonerated in that matter but when the parties returned to Nigeria, the Nigerian lawyer asked Nwude to “settle” him.

“Chief Nwude refused since the matter has been decided by British high court, but the lawyer decided to find a way by reaching out to EFCC when it was established.

“His mission was that this man is a party to a suit in British high court, judgment was entered but he was freed and he made $37m, so he wanted EFCC to collect the money for him.

“They framed him up on the allegation that they defrauded a Brazilian bank that led to the collapse of the bank,” he stated, adding that he was convicted on account of the frame up.

He stressed that Nwude was convicted by Lagos high court, although he appealed against the decision, his properties were forfeited, sold by lawyers and EFCC officials and the proceeds shared among themselves rather than going to the federation account as stipulated by the EFCC act.

According to him, the properties worth N200billion. He said the properties in London worth 50million pounds while the ones in America worth US$145million.

According to him, EFCC has abused the powers they have and they use it to perpetuate fraud on the federal government and the citizenry.

When contacted, EFCC spokesman, Mr. Wilson Wujaren promised to respond to the allegations and requested for email address, which was promptly delivered to him, but he never did two weeks after.

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