Incredible Nigeria

I've received a couple of these scam emails. They are so poorly worded that it is hard to believe that people fall for them.

Here's a portion from the most recent (all spellings are original to the message):

This sum US$14,320,000.00 have been floating as unclaimed since 2004 here in Arab Bank Plc London.
According to the british law at the expiration of seventh year of the investment the money will automatically be reverted to the ownership of the British Government if nobody applies to claim the fund and the seventh year is Nov 2005.Arab Bank cannot release the fund from his account unless someone applies for claims as the next-of-kin to the deceased as indicated in our banking guidelines.
Consequently, my proposal is that i want to seek your consent as a foreigner to stand in as the NEXT OF KIN to the decesased so that the bank will transfer the money to your designated account.