Massive Fraud Allegation: EFCC Arraigns Former Accountant-General Over Billion

Massive Fraud Allegation: EFCC Arraigns Former Accountant-General Over Billion

The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned Anamekwe Nwabuoku, the former Acting Accountant-General of the Federation, over allegations of money laundering amounting to ₦1.96…Massive Fraud Allegation: EFCC Arraigns Former Accountant-General Over Billion

billion.

Appearing before Justice James Omotosho at the Federal High Court in Abuja, Nwabuoku faced a nine-count charge but pleaded not guilty.

This development comes after delays in the case, including a plea bargain request in October 2024, during which Nwabuoku and co-defendant Felix Nweke sought time to refund the alleged stolen funds.

The EFCC’s counsel, Martha Babatunde, had the amended charges read in court. Following this, Nwabuoku’s legal team requested bail despite initial opposition from the prosecution.

Justice Omotosho granted bail at ₦500 million, with stringent conditions such as:

• Two sureties with properties valued at ₦250 million each in Abuja.
• Submission of three years’ tax clearance and bank statements of the sureties.
• Affidavits of means submitted by the sureties.

The court ordered thorough verification of the documents by the registrar.

The trial is set to proceed, with the court delving into the details of the allegations against Nwabuoku and his co-defendant.

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