By the Editor
A Federal High Court in Abuja has sentenced former Acting Accountant General of the Federation, Chukwunyere Anamekwe Nwabuoku, to 72 years in prison for laundering N868.4 million.
Justice James Omotosho delivered the verdict on March 23, 2026, after hearing the case brought by the Economic and Financial Crimes Commission (EFCC).
Nwabuoku faced nine charges, all relating to money laundering and converting government funds for personal use.
The court heard that the former AGF moved large sums of money through corporate accounts to hide his involvement.
Some of the accounts included companies such as Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited.
The judge said evidence showed that the funds, intended for the Ministry of Defence, were diverted and used by the defendant.
Nwabuoku was unable to explain how he acquired properties and shares worth hundreds of millions of naira during the period in question.
Justice Omotosho also noted that the defendant refunded N220 million to the EFCC recovery account, which indicated admission of wrongdoing.
The court convicted him on multiple counts, including conspiracy, concealment of funds, and unlawful conversion of government money.
The judgment marks the end of a high-profile trial, emphasizing that public office holders who abuse their positions will face strict consequences.