The federal high court in Abuja has ordered the final forfeiture of assets linked to Anamekwe Nwabuoku, former acting accountant-general of the federation (AGF), following his conviction for money laundering.
In March, the court sentenced Anamekwe Nwabuoku to 72 years imprisonment after finding him guilty on money laundering charges.
Justice James Omotosho held that the Economic and Financial Crimes Commission (EFCC) successfully proved its case against the former AGF.
Nwabuoku was convicted on all nine counts and sentenced to eight years imprisonment on each count, amounting to a cumulative 72 years. However, the sentences are to run concurrently.
He was arraigned on charges bordering on money laundering and fraud involving N868.4 million.
According to the EFCC, Nwabuoku conspired with several companies — including Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited — to convert funds suspected to be proceeds of unlawful activities.
On Wednesday, Justice Omotosho granted the EFCC’s application seeking the final forfeiture of assets linked to the convict.
The anti-graft agency had asked the court to confiscate shares valued at N1.9 billion, cash assets worth N288 million, and a luxury five-bedroom duplex in Abuja traced to the former AGF.
The judge subsequently ordered the forfeiture of shares acquired by Nwabuoku in several security companies, valued at N1,941,805,342 as of March 29, 2026.
Justice Omotosho held that the court was satisfied that the assets constituted proceeds of unlawful activities, especially in view of the earlier judgment convicting the former AGF.
The court thereafter ordered that all the funds, property, and shares be finally forfeited to the Federal Government.
