HOW EX-ACCOUNTANT-GENERAL NWABUOKU USED FOUR COMPANIES TO DIVERT FUNDS, ACCORDING TO WITNESSES

Jan 28, 2025 10:40 AM

The Economic and Financial Crimes Commission (EFCC) is prosecuting former Acting Accountant-General of the Federation, Mr. Chukwunyere Anamekwe Nwabuoku, on a nine-count amended charge of money laundering amounting to N868,465,000. The trial commenced on Friday, January 31, 2025, before Justice James Omotosho of the Federal High Court in Abuja, with the prosecution counsel, Ekele Iheanacho, presenting two witnesses.

Witnesses testified that funds were allegedly siphoned from the Ministry of Defence into multiple accounts set up by the defendant. One of the witnesses, Eucharia Ezeobi, a Zenith Bank staff, disclosed that she opened four company accounts—Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited—for contractors working with the defence ministry. Significant sums were reportedly withdrawn in cash from these accounts, allegedly benefiting the defendant. The court admitted the account opening documents as Exhibit PWB.

The second witness, Felix Nweke, the deputy director of accounts and expenditures under Nwabuoku's supervision, testified that the defendant instructed him to open the four accounts. He explained that funds were transferred from the defence ministry's security operation account to the company accounts and were later withdrawn in cash and handed over to Nwabuoku. During cross-examination, the defence counsel, Isidore Udenko, inquired if the withdrawals were authorized solely by Nwabuoku or if a higher authority was involved. Nweke maintained that he acted strictly on instructions from the defendant, his superior in the ministry.

The trial has been adjourned to February 26 and March 5, 2025, for continuation.

This case highlights the importance of stringent financial oversight and accountability in public service. It will be interesting to see how the proceedings unfold and what measures might be put in place to prevent such occurrences in the future.

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