The Federal High Court in Abuja has ordered the final forfeiture of a luxury duplex, N288 million in cash, and N1.9 billion worth of shares linked to Anamekwe Nwabuoku, former acting Accountant-General of the Federation.
Justice James Omotosho issued the order on Wednesday after granting an application by the Economic and Financial Crimes Commission. The assets were traced to Nwabuoku following his conviction for money laundering in March.
Nwabuoku was sentenced to 72 years imprisonment after being found guilty on all nine counts of money laundering and fraud involving N868.4 million. The sentences are to run concurrently.
The EFCC told the court that 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 activity.
The forfeited assets include shares acquired in several security companies, valued at N1.94 billion as of March 29, 2026, the cash sum of N288 million, and a five-bedroom duplex in Abuja.
Justice Omotosho ruled that the court was satisfied the assets were proceeds of unlawful activity based on the earlier conviction. He ordered that all funds, property, and shares be permanently forfeited to the federal government.
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