Emmanuel Nwude

High school (ages 12+)
History & Culture

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/emmanuel-nwude

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is Emmanuel Nwude known for?Masterminding the $242 million Banco Noroeste fraud, involving a fictitious airport project
2. What is the fraudulent amount?$242 million (comprising $191 million cash and outstanding interest)
3. What is the fraud period?1995-1998
4. Who is Emmanuel Nwude?Emmanuel Nwude is a man who used to be a director at a Nigerian bank and later became involved in a large bank fraud in Brazil.
5. What did he do that was wrong?He tricked a bank into giving him $242 million by saying it would be used to build a fake airport that never existed.

Financial Fraud: The intentional deception or misrepresentation of financial information for personal gain.
Accomplices: Individuals who assist in the commission of a crime, sharing in the guilt.
Due Diligence: The investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract.