Ex-Accountant General Granted N500m Bail in N1.96bn Fraud Case

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Ex-Accountant General Granted N500m Bail in N1.96bn Fraud Case

In a high-profile case drawing nationwide attention, the Federal High Court in Abuja has granted bail to the former Accountant-General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, who stands accused of involvement in a N1.96 billion fraud.

The case, which has been under investigation by the Economic and Financial Crimes Commission (EFCC), involves allegations of money laundering and abuse of office. Nwabuoku was re-arraigned on an amended nine-count charge under case number FHC/ABJ/CR/240/2024.

HOUSING IS A RIGHT NOT A PRIVILEGE
HOUSING IS A RIGHT NOT A PRIVILEGE

According to the EFCC, the accused parties are alleged to have engaged in a conspiracy between September 2019 and October 2020 to convert funds derived from unlawful activities.

In granting bail, Justice Omotosho outlined stringent conditions designed to ensure Nwabuoku remains within the court’s jurisdiction throughout the trial.

19th AFRICA INTERNATIONAL HOUSING SHOW
19th AFRICA INTERNATIONAL HOUSING SHOW

This development adds yet another layer to Nigeria’s ongoing fight against corruption, particularly within the corridors of power. The trial promises to be a closely watched event, reflecting the broader challenges of holding public officials accountable in the face of systemic abuse.

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