A federal high court in Abuja has ordered the final forfeiture of a luxury duplex, cash assets, and shares worth about N1.9 billion linked to Anamekwe Nwabuoku, former acting accountant-general of the federation.
Gatekeepers News reports rhat Justice James Omotosho granted the application filed by the Economic and Financial Crimes Commission (EFCC) after ruling that the assets were proceeds of unlawful activities tied to Nwabuoku’s money laundering conviction.
TheCable reported that the forfeited assets include a five-bedroom duplex in Abuja, N288 million in cash assets, and shares valued at N1,941,805,342 across several companies and financial institutions.
The court held that the EFCC successfully established that the properties and investments were acquired through illicit funds. Justice Omotosho subsequently ordered that all the assets be permanently forfeited to the federal government.
Nwabuoku was earlier sentenced to 72 years imprisonment after being convicted on nine counts bordering on money laundering and fraud involving about N868.4 million. Although the sentence runs concurrently, the court found him guilty on all counts filed against him by the anti-graft agency.
According to court documents, the EFCC accused the former acting accountant-general of conspiring with several companies, including Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited, to conceal and convert proceeds of unlawful activities between 2019 and 2021.
The forfeited shares reportedly include investments in major firms such as Access Holdings, First HoldCo, GTCO, UBA, Zenith Bank, Dangote Sugar, Dangote Cement, and Cadbury Nigeria.
