By Odetunde Michael
A former Acting Accountant General of the Federation, Chukwunyere Anamekwe Nwabuoku, has been sentenced to 72 years imprisonment for money laundering involving the sum of N868,465,000.
According to a statement by the Economic and Financial Crimes Commission (EFCC) on its official X handle (formerly Twitter), Justice James Omotosho of the Federal High Court, Maitama, Abuja, delivered the judgment on Monday, March 23, 2026.
The EFCC prosecuted Nwabuoku on a nine-count charge bordering on money laundering.
The Commission stated that between September 2019 and October 2020, in Abuja, the convict conspired to convert funds derived from unlawful activities.
The anti-graft agency revealed that Nwabuoku, alongside TEMEEO Synergy Concept Limited (at large), indirectly converted N262,602,897.27 paid into the company’s Zenith Bank account within the period under review.
Similarly, the Commission stated that Nwabuoku and Turge Global Investment Limited converted N202,824,009.97 through the company’s Zenith Bank account.
In another count, the EFCC disclosed that Nwabuoku and Laptev Bridge Limited also converted N281,106,469.41 paid into the company’s account.
Delivering judgment, Justice Omotosho held that the prosecution proved its case beyond reasonable doubt, noting that credible and concrete evidence was presented to support the charges.
The judge further stated that the funds, which were meant for the operations of the Ministry of Defence, were diverted for personal use.
He added that the use of corporate accounts without the convict’s name was a deliberate attempt to conceal the proceeds and evade prosecution.
