Court sentences ex-AGF, Nwabuoku, to 72 years in jail for N868m fraud

The Federal High Court successful Abuja has convicted and sentenced erstwhile Acting Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, to 72 years imprisonment implicit a N868.46 cardinal fraud.

Nwabuoku was prosecuted by the Economic and Financial Crimes Commission, EFCC, connected charges bordering connected wealth laundering.

The EFCC, successful a connection posted connected its authoritative X grip connected Monday, described the condemnation arsenic a important measurement successful its efforts to guarantee accountability and deter fiscal crimes successful the nationalist sector.

“The erstwhile Acting Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, who was prosecuted by the EFCC astatine the Federal High Court, Abuja, for wealth laundering involving N868.46 cardinal has been convicted and sentenced to jailhouse for 72 years,” EFCC wrote.

The anti-graft bureau said the offences progressive the diversion and concealment of nationalist funds amounting to implicit N868 million.

The tribunal recovered him blameworthy aft evaluating grounds presented by the prosecution, which elaborate however the funds were allegedly laundered done aggregate transactions.

The sentence, which totals 72 years, reflects the cumulative penalties for the counts connected which helium was convicted.

Nwabuoku had served concisely arsenic Acting Accountant-General of the Federation earlier his removal from bureau amid corruption allega...