The Federal High Court in Abuja has issued a final forfeiture order for assets associated with Anamekwe Nwabuoku, the former acting accountant-general of the federation, following his conviction for money laundering. In March, Nwabuoku received a 72-year prison sentence after being found guilty on all nine counts related to charges of money laundering and fraud amounting to N868.4 million. The court, presided over by Judge James Omotosho, granted the Economic and Financial Crimes Commission's (EFCC) application for the confiscation of N1.9 billion worth of shares, N288 million in cash assets, and a luxury five-bedroom duplex in Abuja. The judge determined that these assets were proceeds of unlawful activities, confirming their forfeiture to the federal government.
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