CONTACT COBACI BANK FOR YOUR FUND OF $4.5M WESTERN UNION Scam

Is it a scam? 
Email from MR MICHAEL KADER  address wuniondepartment33@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.
About Fraud

Subject: CONTACT COBACI BANK FOR YOUR FUND OF $4.5M
From: WESTERN UNION <wuniondepartment33@gmail.com>
Dear Beneficiary,
Its my pleasure to inform you that i have verified from the bank director regarding the transfer of your fund and it was good news because the requested fee was less expensive for you to afford.

Your package containing the total amount of $4.5M have been deposited with the Cobaci Bank so that your fund will be wired to your account immediately you are to contact the bank director with your banking
details.
However I went to Cobaci Bank to discuss this with the bank director as it has not been delivered to you.However he told me that your fund can be transferred to you via a direct wire transfer(KTT) into your account.He told me to instruct you to contact the bank to apply for a direct wire transfer into your account to avoid loosing your fund due
to delay.

Therefore you can contact the bank with below information and send to them your Full banking information:
COBACI BANK
MR MICHAEL KADER
TEL+ 229 9974 9971
EMAIL: cobacibank@yahoo.com
COBACI BANK FOREIGN OPERATION DIRECTOR.
Send an email to the bank with the above bank email address and apply for your wire transfer as i have informed the bank about you already. On receipt of your fund into your account endeavor to inform me immediately you receive your fund in your account.
The director told me that the only fee you are to pay is $75 USD for the opening of a new non resident international account there in their bank that will be used to transfer the fund to your destination account in your country.
Thanks And Remain Blessed
best regard