Former Acting Accountant-General Nwabuoku Sentenced to 72 Years for ₦868 Million Fraud

The Federal High Court has sentenced Chukwunyere Anamekwe Nwabuoku, former Acting Accountant-General of the Federation, to 72 years in prison for fraud and money laundering involving ₦868.46 million.
The Economic and Financial Crimes Commission (EFCC) had charged Nwabuoku with multiple offences, including money laundering, criminal breach of trust, and the diversion of public funds.
Investigations revealed that the offences occurred during his tenure as Director of Finance and Accounts at the Federal Ministry of Defence from 2019 to 2021, and later as Acting Accountant-General in 2022. According to the EFCC, Nwabuoku colluded with several companies—Temero Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited—to divert public funds into private accounts for unauthorized transactions.
In November 2025, the court rejected his no-case submission, determining that the prosecution had provided sufficient evidence. Nwabuoku then presented his defence in early 2026, seeking acquittal, but the court ruled that the evidence demonstrated clear financial misconduct.
The court ultimately found him guilty on all charges and handed down a cumulative prison sentence of 72 years, assigning separate terms for each offence.
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