Chukwunyere Nwabuoku, former acting Accountant-General, sentenced to 72 years by EFCC for N868.46m fraud and money laundering in Abuja
The Economic and Financial Crimes Commission (EFCC) has secured the conviction and 72-year imprisonment of Chukwunyere Anamekwe Nwabuoku, former Acting Accountant-General of the Federation, for fraud involving N868.46 million.
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The EFCC disclosed the development on its X handle, noting that Nwabuoku was prosecuted at the Federal High Court, Abuja, on charges of money laundering.
He had been arraigned on January 15, 2025, on nine amended counts of laundering funds believed to be proceeds of unlawful activities.
Nwabuoku was appointed acting Accountant-General in May 2022 following the suspension of Ahmed Idris over an alleged N800 million fraud but was removed a few weeks later.
The offences also covered the laundering of approximately N86 million while Nwabuoku served as Director of Finance and Accounts at the Ministry of Defence between 2019 and 2021.
Companies implicated in the alleged scheme included Temero Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited.
During the trial, the EFCC called nine witnesses, including a Zenith Bank staff member, Eucharia Ezeodi, and federal civil service director Felix Nweke.
The court had initially granted Nwabuoku bail of N500 million with two sureties in like sum.
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The conviction marks a significant victory for the EFCC in its ongoing fight against corruption and reinforces the judiciary’s stance against financial crimes in public service.
David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.
