The Court of Appeal in Abuja has dismissed the bail application filed by jailed former Acting Accountant-General of the Federation, Chukwunyere Nwabuoku, pending the determination of his appeal against his conviction for laundering N868.5 million.
A three-member panel of the appellate court, in a ruling delivered on Friday, held that Mr Nwabuoku’s application lacked merit.
The decision, read by the lead judge, Adebukola Banjoko, upheld the opposition of the Economic and Financial Crimes Commission (EFCC), which argued that the former acting accountant general-failed to establish sufficient grounds to warrant his release after conviction.
The EFCC disclosed the court’s decision in a statement shared with PREMIUM TIMES on Friday by its Head of Media and Publicity, Dele Oyewale.
On 23 March Judge James Omotosho of the Federal High Court in Abuja setenced him to eight years in prison after finding him guilty of laundering N868.465 million.
