‘$378,000 Money Laundering Claim’: Anambra Guber Aspirant Denies Wrongdoing, Vows to Stay in Race

The gubernatorial aspirant of the All Progressives Congress (APC) in Anambra State for the 2025 elections, Sir Paul Chukwuma, has dismissed the allegations of money laundering leveled against him. According to him, the claim regarding the alleged $374,000 money laundering is false, and he cannot be intimidated by the tactics of political opponents who seek […]

The gubernatorial aspirant of the All Progressives Congress (APC) in Anambra State for the 2025 elections, Sir Paul Chukwuma, has dismissed the allegations of money laundering leveled against him.

According to him, the claim regarding the alleged $374,000 money laundering is false, and he cannot be intimidated by the tactics of political opponents who seek to undermine and ruin his governorship ambitions.

An online report had alleged that the Abuja Federal High Court had ordered the forfeiture of $378,000 and a Mercedes Benz Maybach belonging to Sir Paul Chukwuma, citing alleged involvement in money laundering.

While addressing journalists at his country home in Umuri, Anambra East Local Government Area of the state on Thursday, Sir Paul Chukwuma insisted that the alleged money was legitimately earned by him through his company in a contract with the Federal Government.

He said that no one could prevent him from spending money he earned legitimately.

“The money is in the company’s account, which was legitimately earned. All the documents related to the contract are in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC),” he stated.

He further referenced a case, Solomon vs Solomon, where the court ruled that there is a distinction between the name of the company and the owner of the company, stating that he cannot be dragged into any issue concerning his company.

“This is just an attempt by political opponents to intimidate me and derail my ambition to serve as the governor of Anambra. They know I am the candidate to beat, so they are resorting to all kinds of allegations as the election approaches,” he added.

Paul Chukwuma also expressed skepticism about the allegations, stating that if the information had come from the ICPC, there would be problems.

He said that his company was awarded a project for training, which involved Intellectual Property Rights, and that his company held meetings with TETFund to deliver the project to Nigerian students.

He said his company developed a database, which TETFund would purchase to provide details to students stressing that initially, the data was set at two million but was later increased to two and a half million.

Chukwuma noted that it was the responsibility of the institutions to use the data, and while some did, others did not.
He stated that it was not his company’s duty to track down the institutions that failed to use the data.

“The total number of staff to be trained was 502, across the six geopolitical zones of the country. Over 400 staff participated, and we later organized another training for those who missed the first session.

“The ICPC is aware of all of this. This is just the work of political detractors trying to bring me down, but I will not be intimidated by them. I will win my party’s ticket and ultimately win the election. No one can stop or intimidate me because my records are clear—I pay my taxes and have nothing to hide,” he said.