The Federal High Court in Abuja has ordered the final forfeiture of assets linked to former Acting Accountant General of the Federation, Chukwunyere Anamekwe Nwabuoku, following his conviction for money laundering and abuse of office.
Justice James Omotosho, who delivered the ruling on Wednesday, ordered that N1.9 billion worth of shares, N288.5 million, and a five-bedroom duplex in Abuja be forfeited to the Federal Government.
The assets include a property located at No. 20 City Gate Estate, Kukwaba, Abuja, as well as funds traced to several companies and accounts linked to the former AGF.
Nwabuoku was convicted and sentenced on March 23, 2026 on a nine-count charge bordering on money laundering and abuse of office prosecuted by the Economic and Financial Crimes Commission.
Following the conviction, the anti-graft agency filed a Motion on Notice dated April 1, 2026, seeking the confiscation and forfeiture of the assets listed in three schedules before the court.
According to court documents, Schedule One covered funds linked to Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arrafura Transnational Afro Ltd, alongside N220 million refunded by Nwabuoku into the EFCC Recovery Account domiciled at the Central Bank of Nigeria.
The total sum under the schedule stood at N288,590,749.
Schedule Two contained the five-bedroom duplex located at City Gate Estate in Kukwaba, Abuja.
Schedule Three consisted of stocks acquired by the convict in several security companies valued at N1,941,805,342 as of March 29, 2026.
Delivering the ruling, Justice Omotosho held that the assets were proceeds of unlawful activities based on the court’s earlier judgment delivered on March 23.
The judge subsequently ordered that all the listed assets be finally forfeited to the Federal Government of Nigeria.
