Ex-Acting Accountant-General Admits Authorizing Defense Fund Transfers in Corruption Trial

The former Acting Accountant-General of the Federation admitted in court to authorizing the transfer of funds from the Ministry of Defence to four private companies for classified purposes. Nwabuoku confessed during the trial on money laundering charges involving over 868 million naira.

The prosecution highlighted discrepancies in the transactions, alleging they were part of a broader financial impropriety scheme. The defense argued that the funds were for legitimate security operations, but the court found no evidence to support this claim.

The Economic and Financial Crimes Commission (EFCC) is prosecuting Nwabuoku on nine counts of money laundering and diverting funds to private entities. The trial continues with the next hearing scheduled for February 27, 2026.