Ex-AGF Sentenced to 8 Years for N868M Laundering

A Federal High Court in Abuja convicted and sentenced Chukwunyere Anamekwe Nwabuoku, a former acting Accountant-General of the Federation, to eight years in prison on Monday for money laundering offenses involving over N868 million in public funds. Justice James Omotosho ruled that the Economic and Financial Crimes Commission had proven the nine-count charge beyond reasonable doubt, imposing the sentence on each count but ordering them to run concurrently, resulting in an effective eight-year term without the option of a fine.

The offenses occurred between 2019 and 2022, when Nwabuoku served as Director of Finance and Accounts in the Federal Ministry of Defence. Prosecutors alleged that he conspired with entities including Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited to divert and conceal funds intended for security and defense purposes. The charges violated sections of the Money Laundering Prohibition Act of 2011, as amended, and centered on the conversion of proceeds from unlawful activities totaling N868,465,000.

During the trial, which began after Nwabuoku's rearraignment on January 15, 2025,...