The Independent Corrupt Practices and Other Related Offences Commission has arraigned Obasi Sunday, a staff member of the Office of the Accountant-General of Ebonyi State, before the Federal High Court sitting in Abakaliki, Ebonyi State, over alleged money laundering offences.
Obasi, who is also signatory to the Ebonyi State Government Shopping Mall Account domiciled with United Bank for Africa, was alleged to have engaged in structured cash transactions to evade mandatory reporting requirements.
A statement on Monday by the ICPC’s spokesman, John Odey, said Obasi allegedly withdrew a total sum of N61,000,000 from the government account in August 2020 in six tranches of N10,000,000 and an additional N1,000,000, with the intent to avoid reporting obligations.
The Commission further alleged that within the same period, he deposited N60,941,725 into the UBA account of one Ikechukwu Obiukwu, a contractor to the Ebonyi State Government, in structured instalments of N10,000,000 and N941,725, with the intent to evade statutory 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 statement added.
Upon arraignment, Odey said the defendant pleaded not guilty to both counts.
He said Counsel to the ICPC, Agbili Kingsley, applied for a date for the commencement of trial, while defence counsel, Michael Ngwu, moved a bail application, which was not opposed by the prosecution.
“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. The defendant must sign an undertaking to always be in court with two recent passport photographs attached to it, ” the statement added.
The case was adjourned to March 24 and 25, 2026, for commencement of the hearing.
