Obiano, to Face Money Laundering Charges

The Economic and Financial Crimes Commission (EFCC) is set to arraign the immediate-past governor of Anambra State, Willie Obiano, before Justice Inyang Ekwo of the Federal High Court, Abuja.

Obiano faces nine counts of alleged money laundering amounting to N4,008,573,350.

The charges include accusations that Obiano indirectly transferred funds from the Anambra State Government Security Vote Account to unrelated entities. The funds were allegedly changed into dollars and returned to Obiano in cash.

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EFCC’s lead counsel, Slyvanus Tahir, SAN, will spearhead the trial, with eight other lawyers assisting. Some of the charges suggest that Obiano misappropriated public funds for purposes unrelated to the security affairs of Anambra State. Obiano was arrested in March 2022, hours after leaving office, losing his immunity from arrest and prosecution.

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The EFCC had been monitoring Obiano for some time, accusing him of misappropriating public funds, including N5 billion from Sure-P and N37 billion from security votes. The funds were allegedly withdrawn in cash and diverted to finance political activities in the state. The former governor’s arrest is part of the EFCC’s renewed focus on high-profile cases involving former governors and ministers. Obiano’s arraignment is scheduled for Wednesday, January 24, 2024.

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