The Federal High Court in Abuja has ordered the final forfeiture of assets belonging to the former Acting Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, including shares worth N1.9bn, N288m cash and a five-bedroom duplex in Abuja.
Justice James Omotosho of the Federal High Court, who gave the ruling on Wednesday, said the assets were products of illegal activities and ordered that they should be permanently forfeited to the Federal Government.
The forfeiture followed Nwabuoku’s conviction on 23 March 2026 when he was sentenced on nine counts bordering on money laundering and abuse of office filed by the Economic and Financial Crimes Commission (EFCC).
The EFCC, in a motion filed on the 1st of April, 2026, asked for the forfeiture of funds, property and investments linked to the ex-AGF.
The forfeited assets include N288.5 million recovered from accounts linked to companies such as Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arrafura Transnational Afro Ltd, and N220 million earlier refunded by Nwabuoku into an EFCC recovery account domiciled with the Central Bank of Nigeria.
Also forfeited are a five bedroom duplex at City Gate Estate, Kukwaba, Abuja and stocks acquired in various security companies valued at N1.94 billion as at 29 March 2026.
Justice Omotosho held that the court was satisfied that the funds, property and shares were proceeds of unlawful activity, paving the way for their final transfer to the federal government.
