Mr Frank Igba Investment Proposal

Is it a scam? 
Email from Mr. Frank Igba address igbafrank@gmail.com, Beware of the sender as numerous scam emails has been sent by this particular individual. Emails like these are designed to commit online frauds and steal identity. Do not fall victim of identity theft. Do not sharing any banking details with the sender. Identity theft is common over Internet.  
If you want more information how this scam email work . Please Read  Advance Fee Frauds and Identity Theft . You can also find other emails addresses and names of scammers.  Please do leave comment this way my blog will receive more visitors and awareness will be spread and we can save many from these scam emails. 
About Fraud
Subject: Investment Proposal
From: "Mr. Frank Igba" <frank-igba@outlook.com>
Reply-To: <igbafrank@gmail.com>
Dear Sir/Madam,

I am a private investor based in Europe (Utrecht). A group of government officials from South Africa contacted me with an offer. I am to solicit and state their offer, if your Interest is genuine; you can contact me for further briefing.

I need to engage with you to discuss a high return investment opportunity. You will be made a beneficiary of a very huge sum of money ($50MIL) and it will be transferred to you. A high Compensation of 20% awaits you, the remaining balance (minus the interest, handling and tax clearance charges, which will be offset by us and deducted from the transfer sum) to a
Nominated bank account in Europe or your country.

I do not think I need to spell out the importance of secrecy in this matter considering what is involved. Let me state clearly here that the account you will be providing does not need to have funds in it; it is only needed to be active and be able to receive the funds in question.

I need your quick response to this mail to indicate your intent, by getting in touch with me right away. This is important as we would need to talk and have a meeting to discuss the modalities of this offer. Let me know your interest if you can come to me in London or I can come to your country in Person. For further clarification please contact me through my private telephone number.

I am in London at the moment, here are my contact details +44 7700 309005.
Or better still my email, igbafrank@gmail.com

yours sincerely,
Mr Frank Igba