Connect with us

    Hi, what are you looking for?

    Metro

    Anamekwe Nwabuoku Arraigned by EFCC Over ₦1.96bn Money Laundering – Ravenewsonline

    Anamekwe-Nwabuoku

    Economic and Financial Crimes Commission (EFCC) has arraigned Anamekwe Nwabuoku, a former acting accountant-general of the federation (AGF), over money laundering allegations worth N1.96 billion.

    In July 2024, the EFCC brought Nwabuoku and Felix Nweke, a former deputy director in the ministry of defence, before a federal high court in Abuja.

    However, the arraignment was suspended after the defendants opted for a plea bargain in October 2024 and appealed to the court to give them more time to refund what they were accused of stealing.

    At the court session on Wednesday, Martha Babatunde, counsel to the EFCC, asked that the amended charge be read to Nwabuoku.

    The defendant pleaded not guilty to the nine-count charge.

    Although the prosecution opposed the oral bail application, James Omotosho, the presiding judge, granted Nwabuoku bail in the sum of N500 million with two sureties in like sum.

    In addition, Omotosho ordered that the sureties must be owners of landed properties within Abuja, adding that the value of the properties should not be less than N250 million each.

    The judge also said the sureties must also depose to an affidavit of means and submit their bank statements and tax clearance for three years, all of which would be verified by the court’s registrar.

    The matter has been adjourned for the commencement of trial.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    Central Bank of Nigeria (CBN) projects that Premium Motor Spirit (PMS), known as petrol, could average N950 per litre throughout 2026, according to its...

    News

    United States prosecutors have opened a criminal investigation into the Federal Reserve that could result in indictments, Chairman Jerome Powell revealed in a video...

    News

    Lagos State Governor Babajide Sanwo-Olu has directed a comprehensive investigation into allegations of medical negligence surrounding the death of Nkanu Nnamdi, the 21-month-old son...

    News

    Bukayo Saka has agreed a new long-term contract with Arsenal, a deal that will see the 24-year-old become one of the club’s highest-paid players.​...