Breaking: Court sentences ex-Accountant General, Nwabuoku to 72 years In Prison for #868 Million fraud
A Federal High Court in Abuja has sentenced Anamekwe Nwabuoku, former acting Accountant General of the Federation, to 72 years in prison for money laundering.
Delivering judgment on Monday, Justice James Omotosho said the Economic and Financial Crimes Commission (EFCC) proved its case against Nwabuoku.
He was arraigned on a nine-count amended charge bordering on money laundering and fraud involving N868.4 million. He had earlier been granted bail of N500 million with two sureties in like sum.
In the charge marked FHC/ABJ/CR/240/2024, the EFCC alleged that Nwabuoku conspired with several companies, including Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited and Arafura Transnational Afro Limited, to convert funds suspected to be proceeds of unlawful activities.
The commission said the offences contravene Section 18 of the Money Laundering (Prohibition) Act, 2011, as amended in 2012, and are punishable under Section 15(3) of the Act.
According to the EFCC, the offences were committed while Nwabuoku served as director of finance and accounts in the Ministry of Defence between 2019 and 2021.
Nwabuoku had filed a no-case submission, but the court dismissed it in November 2025.
He was appointed acting Accountant General of the Federation on May 20, 2022, by former President Muhammadu Buhari after the suspension of Ahmed Idris over an alleged N80 billion fraud.
However, he was removed from office in July 2022, just weeks after his appointment, following reports that he was under EFCC investigation.