Crime
Former Acting AGF Admits Release Of Funds For To Private Companies In The Alleged N868.4m Fraud
Former Acting AGF Admits Release Of Funds For To Private Companies In The Alleged N868.4m Fraud
Former acting AGF admits release of funds for to private companies in the alleged N868.4m fraud. A former Acting Accountant General of the Federation, Chukwunyere Anamekwe Nwabuoku on Tuesday, February 10, 2026 admitted before Justice James Omotosho of the Federal High Court sitting in Abuja, that he confessed in his statements at the Independent Corrupt Practices and Other Related Offences Commission, ICPC, that funds were transferred to four companies from the Ministry of Defence, where he was formerly the Director of Finance for what he described simply as “classified purposes.”
This admission sharply contradicts his testimony in the previous proceeding in the court where he disputed allegations linking him with any dealings with the said companies, namely, Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge and Arafura Transnational Afro Limited. He had then claimed that he only heard about the companies as they were mentioned in court.
Under cross examination by prosecution counsel, Ekele Iheanacho, SAN, on Tuesday, the defendant was shown his statement in ICPC, dated February 2, 2025, where he admitted in writing that funds were transferred to the four companies from the Ministry of Defence, under him as the Director of Finance for classified security purposes which are not to be disclosed.
Fraud
Further in the cross-examination, the prosecution counsel maintained in his submission that evidence before the court showed that the funds paid to these four companies by the Ministry of Defence were not for lawful transactions as there is no proof whatsoever to show that they were used for security purposes.
While claiming that he bought the property he lives in, directly by himself and from legitimate earnings, the defendant/witness curiously identified in the same breath a cheque of N64 million issued by a company, Mdavi Limited in favour of City Gate Homes for the acquisition of the residence.
The Economic and Financial Crimes Commission, EFCC, is prosecuting Nwabuoku on amended nine-count charge, bordering on money laundering to the tune of N868, 465,000 (Eight Hundred and Sixty-eight Million, Four Hundred and Sixty-five Thousand Naira)
Justice Omotosho adjourned the matter till February 27, 2026 for adoption of written addresses.
Police Arrests Two Officers, Rescue Abducted Baby In Nasarawa
Police arrests two officers. The Nasarawa state police command says it has rescued a three-day-old abducted baby and arrested two suspects in connection with the crime.
In a statement on Friday, Ramhan Nansel, state police public relations officer, said on March 29, a report of the abduction was received from Aisha Basa, a 19-year-old resident of Ungwan Bako, Orange market, Mararaba in Karu LGA.
Basa said her husband, Abubakar Isah, a commercial tricycle (Keke Napep) rider, had travelled to Lagos for business about five months earlier.
“She reported that on Saturday, March 28 at about 11:50pm while she was asleep with her three-day-old baby in her house located at the outskirts of Unguwan Bawa, Orange Market, two unidentified men broke into the house, threatened her and abducted the baby to an unknown destination,” the statement reads.
“Upon receipt of the report, Shettima Jauro-Mohammed, Commissioner of Police directed detectives of Mararaba ‘A’ Division to immediately visit the scene, and ordered a full-scale investigation into the incident.
“Acting on credible intelligence, police operatives on April 3rd, 2026 at about 4:00am arrested two suspects.”
The spokesperson said the suspects are Furera Abdulrahman of Rugan Juli, and Sadiya Abdullahi of Anguwan Bako, Orange Market.
He said the abducted baby boy was found in the possession of the suspects and was successfully rescued.
Nansel said during interrogation the suspects confessed to the crime and implicated an accomplice who is currently at large.
Police Arrests
“The rescued baby was immediately taken to the Medical Centre, Mararaba, where he was examined by a medical doctor, certified to be in good health,” the statement reads.
“The child has since been reunited with his parents after being discharged from the hospital.”
He said the case is currently under investigation and would be transferred to the state criminal investigation department (SCID), Lafia, for “further discreet investigation” upon completion of preliminary inquiries.
Court Jails One Abdulrahman Mallam For False Information In Maiduguri
Justice Aisha Kumaliya of the Borno State High Court sitting in Maiduguri convicted and sentenced one Abdulrahman Mallam to six months imprisonment.
The convict was arraigned on Thursday, April 2, 2026 by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on a one -count charge for the offence of giving false information.
The charge read: “That you, Abdulrahman Mallam between the period of 24 October, 2025 to March, 2026 at the Economic and Financial Crimes Commission, 80, Baba Shehu Laminu Street, Maiduguri, within the Jurisdiction of this Honourable Court did make written statements to Alex Mbu Anjor and Sadiq Danjuma Junior, officers of the Economic and Financial Crimes Commission to wit: “I introduced myself to bank fraud section as a civil servant with Ministry of Youth and Sport Poverty Alleviation Borno State…. I was already retired when I stand as surety…” which statement you knew to be false and you thereby committed an offence contrary to section 39(2)(a) of the Economic and Financial Crimes Commission Establishment Act, 2024 and punishable under section 39(2)(b) of the same Act.”
The defendant pleaded “guilty” to the charge when it was read to him. Based on his plea, prosecution counsel, S.O Saka prayed the court to convict and sentence him accordingly. While counsel for the defendant A. B. Dikwa prayed the court to temper justice with mercy as the defendant is remorseful for his action.
Justice Kumaliya thereafter sentenced and convicted him to six months imprisonment with an option of N50, 000 (Fifty Thousand Naira) fine.
His journey to the correctional facility started when he gave false information to stand as a surety at the Economic and Financial Crimes Commission, EFCC, Maiduguri Zonal Directorate, Bank Fraud unit.
In another development, The Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on Thursday, April 2, 2026 arraigned one Ibrahim Mohammed Tungushe before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri.
Count two read: “That you, Ibrahim Mohammed Tungushe on or about November, 2025 in Maiduguri, Borno state within the jurisdiction of this Honourable Court dishonestly misappropriated and converted to your own use the aggregate sum of N 1,250,000.00 ( One Million Two Hundred and Fifty Thousand Naira) only, being proceeds from the sale of 100 cartons of indomie instant noodles, belonging to one Bukar Babakura which you received under the guise that you will supply same to your customers and make payments for it within 24 (twenty four) hours and thereby committed an offence contrary section 296 and punishable under section 297 of the Borno state penal code Law and other matter connected therewith (No. 3 Vol. 48 Law 2923) respectively.”
Jail
The defendant pleaded “not guilty” to the charges prepared against him by the EFCC.
Counsel for the prosecution S.O Saka prayed the court for a trial date and to remand the defendant in prison custody.
Thereafter, Justice Kumaliya adjourned till April 16, 2026 for commencement of trial and remanded the defendant in Maiduguri Maximum Custodial Centre.
His journey to the correctional facility started when he received 00 cartons of indomie instant noodles, belonging to the complainant received under the guise that the same will be supplied to customers and make payments within 24 (twenty four) hours. He neither returned the instant noodles nor the complainant’s money,
Court: Emefiele Violated CBN Act in Naira Redesign Exercise-Witness
Naira redesign. The Seventh Prosecution Witness, PW7, Chinedu Eneanya, in the trial of the former governor of the Central Bank of Nigeria, CBN, Godwin Ifeanyi Emefiele on Wednesday, April 1, 2026, told Justice Maryanne Anineh of the Federal Capital Territory High Court, Maitama, Abuja, that Emefiele violated the provisions of the CBN Act in the 2022 naira redesign exercise.
Emefiele is being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a four-count charge, bordering on the alleged unlawful printing of new naira notes.
Testifying under cross-examination by defence counsel, Olalekan Ojo, SAN, at Wednesday’s proceedings, the witness disclosed that “the investigation conducted by the team showed that the defendant disobeyed the provisions of the CBN Act, 2007. The Central Bank must have board recommendations before the currency is redesigned.”
Further in his testimony, the witness disclosed that Emefiele presented three sample designs of the proposed naira notes in the denominations of N1000, N500 and N200, which were approved by the President.
“The president approved on the 11th page and directed that the design be done locally. However, investigation showed that what was eventually produced was not what was presented to the president,” he said.
The witness also disclosed that the original design of the old naira notes was handled by De La Rue, a UK-based company.
On whether the EFCC invited members of the CBN Board of Directors or its Committee of Governors during the investigation, Eneanya stated that the Commission obtained the statement of the official in charge of the Apex Bank’s Corporate Secretariat.
Earlier in the cross-examination, the witness identified Exhibit N1 to be the statement made by Ahmed Aliyu, Managing Director of the Nigeria Security Printing and Minting Company Limited, NSPMC
When asked if his investigation uncovered any contradiction in the content of Page six of Exhibit N1, the witness stated that the printing of the naira notes had been carried out locally before the investigation commenced. He also confirmed that the Central Bank of Nigeria paid NSPMC for the production of the currency.
Emefiele
Under re-examination, prosecution counsel, Abbas Mohammed, sought clarification on whether the President’s directive related to the design or production of the currency to which the witness stated that the redesign of the naira notes was carried out and given to President Buhari to approve.
“Investigation shows that the design of the currency was already shown to the president and it was approved,” the witness explained.
Justice Anineh thereafter adjourned the matter till May 11, 2026 for continuation of trial.
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