By Milcah Tanimu
The Federal High Court in Abuja granted bail to Chukwunyere Anamekwe Nwabuoku, the former Accountant-General of the Federation, in the amount of N500 million. Nwabuoku faces charges for his alleged involvement in a N1.96 billion fraud.
Justice James Omotosho set the conditions for Nwabuoku’s bail, requiring two sureties to provide guarantees of N500 million each. The Economic and Financial Crimes Commission (EFCC) re-arraigned Nwabuoku on an amended nine-count charge, accusing him of money laundering and abuse of office.
The EFCC filed the charges on November 27, 2024. They claim that Nwabuoku conspired with four companies—Temero Synergy Concept Limited, Turge Global Investment Limited, LAPTEV Bridge Limited, and Arafura Transnational Afro Limited—to convert funds from unlawful activities. These alleged offences violate the Money Laundering Prohibition Act, 2011, as amended.
