The former Acting Accountant General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, has admitted to authorized fund transfers totaling N868.4 million to several private companies.
Appearing before Justice James Omotosho at the Federal High Court in Abuja on Tuesday, February 10, 2026, Nwabuoku acknowledged his prior statements to investigators. He confirmed that while serving as the Director of Finance at the Ministry of Defence, he facilitated payments to four private firms for what he termed as classified security purposes.
Contradictions in Testimony
The admission marks a significant shift from the defendant’s previous stance. In earlier proceedings, Nwabuoku had denied any knowledge of the companies involved, claiming he only became aware of them when their names were read in court.
Under cross-examination by the Economic and Financial Crimes Commission (EFCC) counsel, Ekele Iheanacho, SAN, the defendant was confronted with his written statement dated February 2, 2025. In that document, he explicitly admitted that the Ministry of Defence transferred funds to:
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Temeeo Synergy Concept Limited
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Turge Global Investment Limited
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Laptev Bridge
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Arafura Transnational Afro Limited
Allegations of Unlawful Transactions
The prosecution maintains that these payments were not used for any legitimate government business. Counsel Ekele Iheanacho argued that there is no evidentiary trail to prove the funds were utilized for national security.
“The evidence before this court shows that the funds paid to these four companies were not for lawful transactions, as there is no proof whatsoever to show they were used for security purposes,” Iheanacho stated during the submission.
Discrepancies in Property Acquisition
The trial also touched on the defendant’s personal finances. While Nwabuoku insisted he purchased his current residence using legitimate earnings, a conflicting piece of evidence emerged. The prosecution presented a cheque for N64 million issued by a company named Mdavi Limited to City Gate Homes, specifically for the acquisition of the defendant’s house.
Legal Status and Next Steps
Nwabuoku is currently facing a nine-count amended charge bordering on money laundering and the diversion of public funds.
Justice Omotosho has adjourned the case until February 27, 2026, for the adoption of written addresses by both the prosecution and the defense.
This is DNN. Development News Network.
