Money Laundering: Former Acting Accountant-General of the Federation To Spend 72 yrs In Jail - EDU-BIZNEWS

Breaking


Monday, March 23, 2026

Money Laundering: Former Acting Accountant-General of the Federation To Spend 72 yrs In Jail



A Federal High Court sitting in Abuja has convicted and sentenced a former acting Accountant-General of the Federation, Chukwunyere Nwabuoku, to a 72-year jail term without an option of fine.

Justice James Omotosho who handed down the verdict while delivering the judgement of the court, held that the Economic and Financial Crimes Commission (EFCC) had been able to prove the nine-count money laundering charge beyond reasonable doubt.

Justice Omotosho convicted the defendant, Nwabuoku in all the nine counts-charge and sentenced him to eight years imprisonment in each of the counts, making 72 years, which according to the judgement shall 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 Accounts in the Ministry of Defence as “appalling,” commended the EFCC for being detailed in its prosecution.

The judge observed that the evidence of the 9th prosecution witness that Nwabuoku voluntarily refunded part of the siphoned money of over ₦200 million during the investigation was not controverted by the defence.

He was arraigned on Jan. 15, 2025, on a nine-count amended charge and was admitted to a ₦500 million bail with two sureties in the like sum after he was

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.






No comments:

Post a Comment