He said he wanted to transfer $20 million to the recipient’s bank account – money that was budgeted but never spent.
In exchange for transferring the funds out of Nigeria, the recipient would keep 30% of the total.
The number "419" refers to the section of the Nigerian Criminal Code dealing with fraud, the charges and penalties for offenders.
In that con, businessmen were contacted by an individual allegedly trying to smuggle someone connected to a wealthy family out of a prison in Spain.
There are many variations on this type of scam, including the 419 scam, the Spanish Prisoner scam, the black money scam and the Detroit-Buffalo scam.