Close Menu
    What's Hot

    D1 Course One 20th Anniversary: Olukoyede Assures Staff of Enhanced Welfare and Career Progression

    July 28, 2026

    ZENITH BANK NAMED AFRICA’S BEST BANK & NIGERIA’S BEST BANK AT THE 2026 EUROMONEY AWARDS FOR EXCELLENCE

    July 24, 2026

    BREAKING: LPPC Confers SAN Rank on 68 Lawyers, Sole Academic Makes 2026 List

    July 23, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram
    KokoCurrent
    • Get In Touch
    Facebook X (Twitter) Instagram Pinterest
    • Business
    • Celebrities
    • Crime & Justice
    • Economy
    • Energy
    • Entertainment
    • Health
    Subscribe
    KokoCurrent
    Home»EFCC»Nwabuoku’s ₦868.465m Fraud: Appeal Court Dismisses Bail Application for Lack of Merit
    EFCC

    Nwabuoku’s ₦868.465m Fraud: Appeal Court Dismisses Bail Application for Lack of Merit

    Staff EditorBy Staff EditorJuly 10, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    A three-member panel of the Court of Appeal, Abuja Division, on Friday, July 10, 2026, dismissed the bail application filed by the convicted former Acting Accountant-General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, for lack of merit.

    Justice James Omotosho of the Federal High Court, Maitama, Abuja, had on Monday, March 23, 2026, convicted and sentenced Nwabuoku to 72 years’ imprisonment at the Kuje Medium Security Custodial Centre, Abuja, for laundering ₦868,465,000 (Eight Hundred and Sixty-Eight Million, Four Hundred and Sixty-Five Thousand Naira). He subsequently appealed the judgment and sought to be admitted to bail on health grounds pending the determination of the appeal.

    Consequently, on May 8, 2026, Nwabuoku, through his lawyer, N. I. Quakers, SAN, filed an application for bail on the ground of his alleged ill health, which he claimed had deteriorated, necessitating medical attention beyond what the University of Abuja Teaching Hospital, designated to provide medical care for inmates of the Kuje Medium Security Custodial Centre, could offer.

    In the application, Nwabuoku stated that he was a responsible citizen who had served as the Acting Accountant-General of the Federation and that he had credible sureties who could stand for his bail.

    Counsel to the EFCC, Ekele Iheanacho, SAN, in response, filed a counter-affidavit on May 25, 2026, arguing that the offences for which the appellant was convicted were serious in nature, having involved massive corruption that hindered the government’s efforts to combat the pervasive insecurity facing the country.

    The EFCC further argued that there was no medical evidence before the court to show that the appellant could not continue receiving treatment, including surgery, at the University of Abuja Teaching Hospital while serving his sentence. According to the prosecution, the fact that the appellant had been transferred between the Kuje Medium Security Custodial Centre and the University of Abuja Teaching Hospital for medical evaluation demonstrated that the Nigerian Correctional Service had been responsive to his medical needs and had not denied him access to medical care.

    The EFCC also argued that granting the appellant bail pending the determination of his appeal would undermine public confidence in the administration of criminal justice.

    “Granting bail to the Appellant/Applicant in the circumstances of this case would send a wrong signal to the public and undermine confidence in the fight against corruption, money laundering and the misuse of public funds earmarked for national security,” the prosecution submitted.

    Delivering the ruling, Justice Adebukola Banjoko, who read the decision of the panel, held that the application lacked merit and accordingly dismissed it.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleInsecurity: Senate Approves ₦403.1bn Police Trust Fund Budgets For 2025, 2026
    Next Article BREAKING: Abducted Oyo Pupils, Teachers Regain Freedom – Presidency
    Staff Editor
    • Website

    Related Posts

    EFCC

    D1 Course One 20th Anniversary: Olukoyede Assures Staff of Enhanced Welfare and Career Progression

    By Staff EditorJuly 28, 2026
    Judiciary

    WASPAN Appeals Court Ruling, Seeks to Nullify FCCPC’s DEON Consumer Lending Regulations

    By Staff EditorJuly 22, 2026
    Judiciary

    Appeal Court Affirms Forfeiture of Retired Major General Atewe’s Assets to FG, Dismisses Appeal

    By Staff EditorJuly 22, 2026
    EFCC

    Olukoyede at NACIWA Leadership Conference: Integrity Key to Sustainable Development

    By Staff EditorJuly 22, 2026
    EFCC

    Alleged ₦15.6bn Fraud: First Prosecution Witness Testifies Against Ayeni

    By Staff EditorJuly 20, 2026
    EFCC

    Immigration CG Not Under Investigation

    By Staff EditorJuly 20, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks
    Latest Posts

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Don't Miss

    D1 Course One 20th Anniversary: Olukoyede Assures Staff of Enhanced Welfare and Career Progression

    By Staff EditorJuly 28, 2026

    The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has…

    ZENITH BANK NAMED AFRICA’S BEST BANK & NIGERIA’S BEST BANK AT THE 2026 EUROMONEY AWARDS FOR EXCELLENCE

    July 24, 2026

    BREAKING: LPPC Confers SAN Rank on 68 Lawyers, Sole Academic Makes 2026 List

    July 23, 2026

    WASPAN Appeals Court Ruling, Seeks to Nullify FCCPC’s DEON Consumer Lending Regulations

    July 22, 2026
    Demo
    Top Posts

    EFCC, Presidency Parley on Investment Promotion

    September 5, 2025

    Nigeria approves plan to refinance ₦4tn power-sector debt

    August 14, 2025

    Tinubu sets 7% annual growth target by 2027

    August 14, 2025

    Owo church massacre: Five suspects arraigned in Abuja

    August 11, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula vitae risus nec consequat. Cras nec auctor lectus, non tristique massa.

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    D1 Course One 20th Anniversary: Olukoyede Assures Staff of Enhanced Welfare and Career Progression

    July 28, 2026

    ZENITH BANK NAMED AFRICA’S BEST BANK & NIGERIA’S BEST BANK AT THE 2026 EUROMONEY AWARDS FOR EXCELLENCE

    July 24, 2026

    BREAKING: LPPC Confers SAN Rank on 68 Lawyers, Sole Academic Makes 2026 List

    July 23, 2026
    Most Popular

    EFCC, Presidency Parley on Investment Promotion

    September 5, 2025

    Nigeria approves plan to refinance ₦4tn power-sector debt

    August 14, 2025

    Tinubu sets 7% annual growth target by 2027

    August 14, 2025
    Facebook X (Twitter) Instagram
    • TOS
    • Disclaimer
    • Privacy Policy
    © 2026 KokoCurrent.

    Type above and press Enter to search. Press Esc to cancel.