BREAKING: Ex-AGF Gets N500m Bail In N1.96bn Fraud Case
The Federal High Court sitting in Abuja has admitted former Accountant-General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, to N500m bail over an alleged N1.96bn fraud.
Justice James Omotosho, in his ruling on Wednesday, granted him bail with two sureties in like sum.
The Economic and Financial Crimes Commission (EFCC), on Wednesday, re-arraigned Nwabuoku on an amended nine-count charge of money laundering and abuse of office.
The suit marked FHC/ABJ/CR/240/2024, dated and filed on November 27, 2024, named Nnabuoku as the sole defendant.
The EFCC alleged that Nnabuoku, alongside four other companies, Temero Synergy Concept Limited, Turge Global Investment Limited, LAPTEV Bridge Limited, Arafura Transnational Afro Limited and other persons (all at large), between September, 2019 and October, 2020, conspired to convert funds which are proceeds of unlawful activities, thereby committing an offence contrary to Section 18 of the Money Laundering Prohibition Act 2011 as (amended by Act No. 1 of 2012) and punishable under section 15(3) of the same Act.
More details to follow…
BREAKING: Ex-AGF Gets N500m Bail In N1.96bn Fraud Case is first published on The Whistler Newspaper
