Ex-Acting AGF Nwabuoku Jailed 72 Years for ₦868m Fraud
A judge of the Federal High Court in Abuja, James Omotosho, has convicted and sentenced former Acting Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, to 72 years imprisonment for laundering ₦868.4 million.
Prosecuted by the Economic and Financial Crimes Commission (EFCC) on a nine-count charge, Nwabuoku was found to have diverted public funds—allegedly meant for the Ministry of Defence—into private corporate accounts between September 2019 and October 2020.
Justice Omotosho held that the prosecution proved its case beyond reasonable doubt, noting that the defendant failed to justify the source of massive funds used for property purchases and investments, including a ₦64 million property and shares worth ₦200 million.
The court also ruled that the use of multiple company accounts was a deliberate attempt to conceal the illicit proceeds. Evidence showed Nwabuoku refunded ₦220 million to an EFCC recovery account—an action the judge interpreted as an admission of guilt.
He was convicted across multiple counts, including conspiracy, conversion of illicit funds, and concealment of proceeds of crime.
