ICPC Charges Ebonyi Accountant with N61m Money Laundering

Obasi Sundai, an accountant for the Ebonyi State Government, was arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on allegations of money laundering involving N61 million. The arraignment took place at the Federal High Court in Abakaliki, presided over by Justice H.

Oshomah. The charges state that Sundai, a signatory to the Ebonyi State Government's account, withdrew N61 million in six transactions of N10 million each and an additional N1 million in August 2020, intending to avoid mandatory reporting requirements.

Furthermore, it is alleged that he deposited N60,941,725 into a UBA account belonging to contractor Ikechukwu Obiukwu during the same period. The charges contravene Section 19(1)(c) of the Money Laundering (Prevention and Prohibition) Act 2022.

Upon arraignment, Sundai pleaded not guilty. His counsel, Michael Ngwu, filed a bail application, which was not opposed by the prosecution, leading to the court granting bail of N10 million with conditions.

The case has been adjourned to March 24-25, 2026, for trial commencement.