Ebonyi accountant faces court over N61m money laundering charges
Obasi Sunday, an accountant in Ebonyi State, has been arraigned by the Independent Corrupt Practices and Other Related Offences Commission over alleged money laundering offences. He is accused of making structured cash transactions to avoid mandatory reporting requirements. The case involves large withdrawals and deposits linked to government accounts and a contractor. The court has granted him bail and set future hearing dates.
What we know
- Obasi Sunday was arraigned before Justice H. Oshomah of the Federal High Court, Abakaliki Judicial Division, on two charges.
- He allegedly withdrew a total of N61,000,000 from a government account in August 2020 in six tranches of N10,000,000 and an additional N1,000,000.
- The ICPC claims he deposited N60,941,725 into the UBA account of Ikechukwu Obiukwu, a contractor, in structured instalments to evade reporting requirements.
- The offences are said to be contrary to Section 19(1)(c) and punishable under Section 19(2)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022.
- The case was adjourned to March 24 and 25, 2026, for commencement of the hearing.
