Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
PRICING
SUBSCRIBE
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
No Result
View All Result
Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
  • Trends

Home » News » Alleged N4Billion Fraud: Witness Reveals N860Million Deposits From Anambra Govt Benefited Ex-Governor Obiano’s Wife, Others

Alleged N4Billion Fraud: Witness Reveals N860Million Deposits From Anambra Govt Benefited Ex-Governor Obiano’s Wife, Others

March 1, 2025
in News
Reading Time: 2 mins read

 

The ongoing trial of former Anambra State governor, Willie Obiano, continued on Wednesday at the Federal High Court, Abuja, with the tenth prosecution witness (PW10), Udochukwu Okparache, testifying that he was unaware of N860 million deposited into his company’s account by the Anambra State government.

 

Okparache, a general contractor and owner of Youdooh Ventures Limited, told Justice Inyang Ekwo that he only learned of the transactions when he was invited for questioning by the Economic and Financial Crimes Commission (EFCC) in April 2023.

 

According to him, upon noticing the unusual deposits, he contacted his account officer, who claimed the transactions were meant to “boost his account status” to help him meet travel requirements.

 

During his testimony, Okparache revealed that the N860 million that passed through his account benefited several entities, including Cherish Ventures Limited, Easy Demands Limited, and Chief Mrs. Eberechi Willie Obiano, wife of the defendant.

 

He said, “Sometime in April 2023, I was called by the EFCC to come and give clarification in respect of Youdooh Ventures bank account, which I opened in Awka and when I got there, they showed me the transactions I had done with the Anambra State government but couldn’t understand the transaction that was there.

 

“Immediately, I called my account officer, who told me that he was boosting my account. The inflows were made through Manager’s cheques and the outflows were done by individuals.”

 

“The transactions that were done in that account were through Manager’s cheques, which was about N60 million but N860 million was the total amount that passed through my account, which Cherish Ventures Limited, Chief Mrs Eberechi Willie Obiano, Easy Demands Limited and so many others companies benefited from the transactions. I did not bid for any contract with the Anambra State government,” he said.

 

An analysis of exhibit PW3 A1-A5, which included his bank statements, showed multiple payments into his account, including N18 million and N9 million on April 5, 2018, and another N7 million sent to Mrs. Obiano on April 11, 2018.

 

Under cross-examination by defence counsel Onyechi Ikpeazu, SAN, Okparache admitted that he did not report the transactions to the bank because he believed they would improve his financial standing. However, he insisted that he had no personal relationship with Willie Obiano and could not confirm whether the former governor authorised the payments.

 

Following the testimony, Justice Ekwo adjourned the trial to May 26, 27, and 28, 2025, for continuation.

 

Obiano is facing prosecution by the EFCC on nine-count charges of embezzlement and money laundering to the tune of N4 billion.

 

At Monday’s proceedings, the EFCC called Prosecution Witness 9 (PW9), Andrew Ali, a staff member of the Central Bank of Nigeria (CBN) and Head of the Licence Office.

 

Ali revealed that three companies out of the 23 company accounts connected with the alleged N4 billion fraud were not duly licensed with the CBN to carry out bureau de change (BDC) business.

 

 

Follow the Sahara Reporters channel on WhatsApp:

Source: SaharaReporters

RelatedNews

VIDEO: APC Youth Leaders Get Brand New 2026 Toyota Prado SUVs, While Nigerian Soldiers Soak Dry Bread In Dirty Pond To Eat
News

VIDEO: APC Youth Leaders Get Brand New 2026 Toyota Prado SUVs, While Nigerian Soldiers Soak Dry Bread In Dirty Pond To Eat

October 26, 2026
Otu Targets Green Investment With Climate Transition Plan
Environment

Otu Targets Green Investment With Climate Transition Plan

October 22, 2026
FG Reopens First Niger Bridge After 38 Days Closure, South-South Must Reward Tinubu By Voting For Him – Umahi
News

FG Reopens First Niger Bridge After 38 Days Closure, South-South Must Reward Tinubu By Voting For Him – Umahi

October 16, 2026
Governor Otu inspects NYSC temporary orientation camp in Akamkpa
News

Governor Otu inspects NYSC temporary orientation camp in Akamkpa

October 15, 2026
Cross River Relocates NYSC Orientation Camp From Obubra to Akamkpa
News

Cross River Relocates NYSC Orientation Camp From Obubra to Akamkpa

October 15, 2026
Nigerians react over deplorable state of NYSC camp in Cross River
News

C’River ADC Guber candidate condemns NYSC deployment suspension over deplorable Obubra Camp

October 15, 2026
Next Post

Kenyans, Ethiopians dominate ECOWAS marathon, Nigerians win 5km race

Becoming a Monk. On the Life Choice of Archbishop Seraphim (Sobolev)

Latest News

Wike approves rehabilitation of 73 secondary schools in Abuja

Obi Is Very Stingy And Cannot Be President – Wike

October 25, 2026
VACANCY: Chemist Needed At HBM Nigeria (Former UNICEM, Lafarge)

VACANCY: Chemist Needed At HBM Nigeria (Former UNICEM, Lafarge)

October 25, 2026
EFCC Recruitment Is Out: See How To Apply, Including Qualifications And Age Limits

EFCC Recruitment Is Out: See How To Apply, Including Qualifications And Age Limits

October 25, 2026
CIA Contractor Arrested After Allegedly Leaking Nation’s ‘Most Closely Held Secrets’ To Romantic Partner For Publication

CIA Contractor Arrested After Allegedly Leaking Nation’s ‘Most Closely Held Secrets’ To Romantic Partner For Publication

October 24, 2026
“We’re the authentic PDP candidates in Cross River and Rainbow Coalition is dead,” Udayi declares

“We’re the authentic PDP candidates in Cross River and Rainbow Coalition is dead,” Udayi declares

October 24, 2026

Topics

  • Latest News
  • Nigeria
  • Africa
  • Europe
  • Asia
  • Americas
  • United States

Social Media

  • WhatsApp
  • Facebook
  • X (Twitter)
  • YouTube
  • LinkedIn

Special Topics

  • Column
  • Bassey Otu
  • Bola Tinubu
  • Special Reports
  • Profile & Biography
  • Opinion
  • Latest News
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.

No Result
View All Result
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.