Former Acting Accountant-General Nwabuoku Sentenced to 72 Years for ₦868M Fraud

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Monday, March 23, 2026
Last Updated 2026-03-23T12:30:55Z
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former Acting Accountant-General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku

 

ABUJA – In a landmark judgment delivered on Monday, March 23, 2026, the Federal High Court in Abuja sentenced the former Acting Accountant-General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, to 72 years in prison.

​The conviction follows a high-profile prosecution by the Economic and Financial Crimes Commission (EFCC) regarding the theft and laundering of ₦868.46 million in public funds.


The Case: Money Laundering & Concealment


​Nwabuoku was brought before the court on multiple charges related to the diversion of government resources during his brief tenure as the nation's chief accountant. The EFCC presented a mountain of evidence showing how the ₦868 million was moved through a complex web of transactions designed to conceal the origin of the money.

​The court found him guilty on all counts, determining that the prosecution had successfully proved that Nwabuoku used his position of trust to enrich himself at the expense of the Nigerian public.


The Sentence: A 72-Year Cumulative Term


​The 72-year sentence represents the cumulative total of the penalties for each count. While such sentences often run concurrently in the Nigerian legal system, the sheer length of the term sends a "loud and clear" message to public officials.

​In an official statement via X (formerly Twitter), the EFCC hailed the ruling as a significant victory:

"The conviction is a significant step in our efforts to ensure accountability and deter financial crimes in the public sector."


A Short-Lived Tenure


​Nwabuoku’s time as the Acting AGF was famously short. He was appointed to the role but was removed almost immediately as the first wave of these corruption allegations surfaced, leading to a multi-year investigation that culminated in today's sentencing.

Key Takeaways for Information Hub Readers:

  • The Culprit: Chukwunyere Anamekwe Nwabuoku, former Acting AGF.
  • The Crime: Money laundering involving ₦868.46 million.
  • The Punishment: 72 years imprisonment.
  • The Message: A major win for the EFCC in the fight against "high-level" public sector corruption.

While the court tackles financial fraud, public affairs commentator Mahdi Shehu argues that Northern Nigeria's challenges are self-inflicted."
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