Court jails ex-acting AGF Nwabuoku 72 years for N868.4million fraud
A Federal High Court sitting in Maitama, Abuja, has sentenced a former acting Accountant-General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, to 72 years imprisonment for N868.4 million fraud. Justice
- By Timilehin Babatope
A Federal High Court sitting in Maitama, Abuja, has sentenced a former acting Accountant-General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, to 72 years imprisonment for N868.4 million fraud.
Justice James Omotosho delivered the judgment yesterday, having found the defendant guilty of multiple counts of money laundering.
The prosecution, led by the Economic and Financial Crimes Commission (EFCC), charged Nwabuoku on a nine-count charge bordering on the laundering of illicit funds between September 2019 and October 2020.
The prosecution said the former AGF conspired with several companies, including Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited, all said to be at large, to convert funds suspected to be proceeds of unlawful activities.
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One of the charges redas:
•That Nwabuoku and Temeeo Synergy Concept Limited allegedly converted over N262.6 million through a Zenith Bank account, knowing the funds were derived from illegal activities.
Also, the court heard that he laundered N202.8 million through Turge Global Investment Limited and N281.1 million via Laptev Bridge Limited within the same period.
Justice Omotosho held that the prosecution proved its case beyond reasonable doubt, citing concrete and compelling evidence presented during the trial.
The judge further ruled that funds meant for the operation of the Ministry of Defence were diverted for personal use, describing the act as a gross abuse of public trust.
He added that the use of corporate accounts that did not bear the convict’s name was a deliberate attempt to conceal his involvement and evade prosecution.
