Justice James Omotosho of the Federal High Court in Abuja has set January 31, 2025, as the commencement date for the trial of a former Acting Accountant General of the Federation, Anamekwe Nnabuoku. He faces charges of multiple fraud and money laundering amounting to N1.96 billion.
The Economic and Financial Crimes Commission (EFCC) arraigned Nnabuoku on Wednesday on amended nine charges of criminal conspiracy and money laundering.
Charges and Plea Bargain
According to the EFCC spokesperson, Dele Oyewale, Nnabuoku pleaded not guilty to the charges, while his co-defendant, Felix Nweke, opted for a plea bargain arrangement. The charges were amended prior to the proceedings, and prosecuting counsel, Martha Babatunde, requested the court to proceed with the defendant’s plea.
The EFCC accused Nnabuoku of conspiring with others to launder funds obtained through corrupt practices, breaching the Money Laundering (Prohibition) Act of 2011 (as amended).
Bail Conditions
Defense counsel Isidore Udenko applied for bail, but the prosecution opposed the motion, citing Nnabuoku’s flight risk. Despite the objections, Justice Omotosho granted bail under strict conditions:
- Bail was set at N500 million, with two sureties in like sum.
- The sureties must own landed properties in Abuja, each valued at no less than N250 million.
- The sureties must submit bank statements, tax clearance certificates for three years, and depose to an affidavit of means.
- All documents will be verified by the court registrar.
Allegations Against Nnabuoku
The EFCC alleges that while in office, Nnabuoku conspired to divert public funds totaling N1.96 billion. The charges involve unauthorized payments to personal and third-party accounts, misrepresentation of official financial transactions, and laundering illicit funds through various financial channels.
The amended charges include:
- Criminal conspiracy to misappropriate government funds.
- Laundering proceeds of illicit activities through multiple bank accounts.
- Falsification of official documents to disguise the source of funds.
The EFCC’s investigations reportedly uncovered evidence linking Nnabuoku to several unauthorized transactions during his tenure.
Legal Proceedings
The trial is set to begin on January 31, 2025, where the EFCC will present evidence and witnesses to substantiate its claims. The prosecution is expected to focus on bank transactions, asset acquisitions, and other financial activities linked to the defendant.
Implications
This case is part of the EFCC’s ongoing efforts to combat corruption in public service. The allegations against a former high-ranking financial official highlight systemic challenges in the management of public funds. The trial is being closely watched as a litmus test for Nigeria’s commitment to holding public officials accountable for financial misconduct.
Next Steps
With the trial date approaching, both the defense and prosecution will prepare their cases. Nnabuoku remains out on bail, but his compliance with the court’s conditions will be monitored closely. The EFCC is expected to seek a swift resolution to demonstrate the consequences of financial malfeasance in public service.
