EFCC Takes Malami And Son To Court Over Alleged ₦212.8 Billion Property Scam

The Economic and Financial Crimes Commission (EFCC) has formally charged former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), with multiple counts of money laundering.....KINDLY READ THE FULL STORY HERE▶

According to reports from The Nation, Malami faces a 16-count charge under Section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011, as amended, with violations punishable under Section 15(3).

He is jointly charged alongside his son, Abdulaziz Malami, and Hajia Bashir Asabe, an employee of Rahamaniyya Properties Limited.

In the first of three series of charges, the EFCC alleges that Malami laundered approximately ₦9 billion to acquire luxury properties in Abuja, Kebbi, Kano, and other locations. The ex-AGF is expected to account for ownership of 30 houses valued at a staggering ₦212.8 billion, most of which were reportedly obtained during his eight-year tenure under the late President Muhammadu Buhari’s administration.

The EFCC may invoke the Non-Conviction Asset Forfeiture clause of its Establishment Act to seize some of the implicated properties. Under the law, there is a 14-day window for interested parties to show cause why the assets should not be forfeited to the Federal Government. The commission is currently awaiting a trial date from the Federal High Court, Abuja. The charge sheet is dated December 23, 2025.

The prosecution team, described as formidable, includes Senior Advocates of Nigeria (SAN) Jibrin Okutepa and Ekene Iheanacho, supported by 14 other lawyers. At least 10 witnesses have been lined up in accordance with the Administration of Criminal Justice Act (ACJA).

The 16-count charge details how Malami allegedly used Metropolitan Auto Tech Limited to launder funds. Specific allegations include:

• Between July 2022 and June 2025, Malami and his son are accused of using Metropolitan Auto Tech Limited to conceal the origin of ₦1,014,848,500 in a Sterling Bank account, despite knowing it was proceeds of unlawful activities.

• Between September 2020 and February 2021, they allegedly concealed ₦600,013,460.40 through the same company.

• In March 2021, they reportedly retained ₦600 million as cash collateral for a ₦500 million loan granted to Rayhaan Hotels Ltd, funds they should have known were illicit.

• In November 2022, Malami, his son, and Asabe allegedly disguised ₦500 million used to purchase a luxury duplex on Amazon Street, Plot No. 3011, Maitama District, Abuja.

Each of these acts is cited as violations of various sections of the Money Laundering (Prevention and Prohibition) Act, with associated punishments under the law.

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