Former Acting AGF Nwabuoku 72 Years for N868m Fraud
By Ranti Thomas
A Federal High Court in Abuja has sentenced former Acting Accountant General of the Federation, Chukwunyere Anamekwe Nwabuoku, to 72 years in prison for money laundering.
Justice James Omotosho delivered the judgment on March 23, 2026, after finding him guilty of fraud involving over N868 million.
The Economic and Financial Crimes Commission (EFCC) prosecuted him on a nine-count charge related to money laundering.
The court heard that Nwabuoku worked with several companies to move funds believed to be proceeds of illegal activities.
Part of the money, running into hundreds of millions of naira, was paid into different company accounts in Zenith Bank.
The judge ruled that the prosecution proved its case beyond reasonable doubt with clear and strong evidence.
According to the court, funds meant for the Ministry of Defence were diverted and used for personal benefit.
Justice Omotosho said the accounts used did not carry the defendant’s name, showing an attempt to hide his involvement.
The court also noted that Nwabuoku could not explain his source of wealth, including properties and shares worth hundreds of millions of naira.
He was found guilty on several counts and sentenced accordingly, bringing the high-profile case to a close.