Money Laundering: Former Acting AGF Nwabuoku Bags 72-Year Sentence|LAGOS EYE NEWS

A federal high court in Abuja has sentenced Anamekwe Nwabuoku, former acting accountant-general of the federation, to 72 years imprisonment for money laundering.

Delivering judgment on Monday, James Omotosho, presiding judge, held that the Economic and Financial Crimes Commission (EFCC) had proved its case against Nwabuoku.

Nwabuoku was arraigned on a nine-count amended charge bordering on money laundering and fraud to the tune of N868.4 million.

He was granted bail in the sum of N500 million with two sureties in like sum. Nwabuoku was convicted on all nine counts and sentenced to eight years’ imprisonment on each count, amounting to a cumulative 72 years.

The court, however, ordered that the sentences run concurrently. Omotosho described Nwabuoku’s diversion of funds meant for security and defence, while serving as director of finance and accounts at the ministry of defence, as “appalling”.

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