• Latest
  • Trending
How fmr accountant-general Nwabuoku allegedly used four companies to divert funds- witnesses

How fmr accountant-general Nwabuoku allegedly used four companies to divert funds- witnesses

February 2, 2025
COAS Seeks Stronger Regional Security To Tackle Emerging Threats

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

October 1, 2026
Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

October 1, 2026
Police Uncover N6.17b Cyberfraud, Arrest Suspects

Police Uncover N6.17b Cyberfraud, Arrest Suspects

October 1, 2026
Mutfwang Woos EU Investors, Says Plateau Open For Business

Mutfwang Woos EU Investors, Says Plateau Open For Business

October 1, 2026
Kano: Suspect Arrested Over Alleged Invitation of Bandits for Attacks

Kano: Suspect Arrested Over Alleged Invitation of Bandits for Attacks

October 1, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
FG Breaks Ground For New Grid Control Centre In Osogbo

FG Breaks Ground For New Grid Control Centre In Osogbo

October 1, 2026
ReachOut Nigeria Celebrates 20 Years With 100 Million Rhapsody Copies

ReachOut Nigeria Celebrates 20 Years With 100 Million Rhapsody Copies

October 1, 2026
FCTA workers suspend strike, protests as Labour  reaches agreement with Wike

Wike Vows To Quit As FCT Minister If Tinubu Loses FCT, Rivers

October 1, 2026
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

AFCON 2025 Title Dispute: CAS Fixes Oct 8 For Senegal’s Appeal Hearing

October 1, 2026
ADVERTISEMENT
  • Privacy Policy
    • Home
      • Contact Us
  • Advert Rates
Thursday, October 1, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result
Home News

How fmr accountant-general Nwabuoku allegedly used four companies to divert funds- witnesses

by Present Nigeria
February 2, 2025
in News
0
How fmr accountant-general Nwabuoku allegedly used four companies to divert funds- witnesses
33
SHARES
65
VIEWS
FacebookTwitterWhatsappTelegram

The trial of Chukwunyere Nwabuoku, the former acting Accountant-General of the Federation, began on Friday, January 31, with witnesses detailing how funds were allegedly siphoned from the Ministry of Defence into multiple accounts linked to the defendant.

Nwabuoku, who previously served as Director of Finance and Accounts at the Federal Ministry of Defence, is facing a nine-count amended charge of money laundering brought by the Economic and Financial Crimes Commission (EFCC). The charges involve a sum of ₦868,465,000.

RelatedPosts

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

Police Uncover N6.17b Cyberfraud, Arrest Suspects

Earlier this month, on January 16, Justice James Omotosho granted Nwabuoku bail in the amount of ₦500 million.

During Friday’s proceedings, the EFCC prosecution counsel, Ekele Iheanacho, called two witnesses to testify.

The first witness, Eucharia Ezeobi, a staff member of Zenith Bank, informed the court that she opened four company accounts—Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited—for contractors working with the Defence Ministry. She alleged that substantial cash withdrawals were made from these accounts, benefiting the defendant. Account opening documents were admitted into evidence as Exhibit PWB.

The second witness, Felix Nweke, a deputy director of accounts and expenditure under Nwabuoku’s supervision, testified that the defendant directly instructed him to open the four accounts. Nweke alleged that funds from the Defence Ministry’s security operation account were transferred to the company accounts, subsequently withdrawn in cash, and handed over to Nwabuoku.

During cross-examination, the defence counsel, Isidore Udenko, questioned whether the withdrawals were solely authorised by Nwabuoku or involved higher authorities. Nweke maintained that his actions were based solely on instructions from his superior, Nwabuoku.

The trial has been adjourned to February 26 and March 5, 2025, for further proceedings.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Like this:

Like Loading...

Related

Share13Tweet8SendShareShare2
Previous Post

Drug trafficking generates $400b annually in Lake Chad, Sahel region – UNODC

Next Post

Ekiti now a model of good governance in Nigeria- Oyebanji

Related Posts

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

October 1, 2026
Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

October 1, 2026
Police Uncover N6.17b Cyberfraud, Arrest Suspects

Police Uncover N6.17b Cyberfraud, Arrest Suspects

October 1, 2026
Mutfwang Woos EU Investors, Says Plateau Open For Business

Mutfwang Woos EU Investors, Says Plateau Open For Business

October 1, 2026
Next Post
Ekiti now a model of good governance in Nigeria- Oyebanji

Ekiti now a model of good governance in Nigeria- Oyebanji

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

October 1, 2026
Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

October 1, 2026
Police Uncover N6.17b Cyberfraud, Arrest Suspects

Police Uncover N6.17b Cyberfraud, Arrest Suspects

October 1, 2026

© 2025 Present Nigeria. All Rights Reserved.

  • Privacy Policy
  • Advert Rates

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.

%d