N868.4m Fraud: Court Jails Former AGF, Nwabuoku 72 years

The former Acting Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, who was prosecuted by the EFCC at the Federal High Court, Abuja, for money laundering involving N868.46 million has been convicted and sentenced to jail for 72years.

Justice James Omotosho of the Federal High Court sitting in Abuja, in a judgement delivered on Monday, March 23, 2026, held that the Economic and Financial Crimes Commission (EFCC) had been able to prove the nine-count money laundering charge beyond reasonable doubt.

Jutsice Omotosho convicted Nwabuoku in all the nine counts and sentenced him to eight years imprisonment in each of the counts, making 72 years.

The judge, however, ordered that the counts will run concurrently.

Justice Omotosho, who described Nwabuoku’s act of diverting funds meant for security and defence while he served as Director of Finance and Account in the Ministry of Defence as “appalling,” commended the EFCC for being detailed in its prosecution.

The judge said the evidence of the ninth prosecution witness that Nwabuoku voluntarily refunded part of the siphoned money of over N200 million during investigation was not controverted by the defence.

Nwabuoku was admitted to a N500 million bail with two sureties in the like sum after he was arraigned on January 15, 2025, on a nine-count amended charge.

The EFCC listed Nwabuoku as the sole defendant in the charge marked FHC/ABJ/CR/240/2024.

Nwabuoku was alleged to have perpetrated the act while serving as the Director of Finance and Accounts in the Ministry of Defence between 2019 and 2021.