ICPC Arraigns Ebonyi Official Over Alleged N61m Money Laundering

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned one Obasi Nicholas Sunday before the Federal High Court sitting in Abakaliki, Ebonyi State, over alleged offences bordering on money laundering to the tune of N61 million.

The defendant was arraigned last Thursday before Justice H. I. O. Oshomah of the Federal High Court 1, Abakaliki, on a two-count charge filed by the commission in charge No: FHC/A1/6C/25.

Obasi, a staff member of the Office of the Accountant-General of Ebonyi State and a signatory to the Ebonyi State Government Shopping Mall Account domiciled with a commercial bank, allegedly engaged in structured cash transactions to evade mandatory reporting requirements.

According to the charge, the defendant allegedly made a cash withdrawal totalling N61 million from the said government account in August 2020, in six tranches of N10 million and an additional N1 million, with the intent to avoid the duty of reporting the transaction.

The commission said that the defendant, within the same period, made a cash deposit of N60,941,725 into the account of one Ikechukwu Obiukwu, a contractor to the Ebonyi State government, also in structured instalments of N10 million and N941,725 with the intent to evade statutory reporting obligations.

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.

Upon his arraignment, the defendant pleaded not guilty to both counts.

counsel to the ICPC, Mr Agbili Ezenwa Kingsley, thereafter applied for a date for the commencement of trial, while counsel to the defendant, Mr Michael Ngwu, moved for the bail application on behalf of his client, which was not opposed by the prosecution.

ICPC spokesperson, John Odey said “the defendant was granted bail by the court on the following terms: the defendant admitted to bail to the sum of N10 million naira bond; a surety, who must be the accountant-general of the state; the surety must sign an undertaking to ensure he produces the defendant in court with two recent passport photographs attached to it and the defendant must sign an undertaking to always be in court with two recent passport photographs attached to it.”

The matter was adjourned to March 24 and 25, 2026, for the commencement of the hearing.