BREAKING: EFCC Set To Arraign Ex-AGF Abubakar Malami Tomorrow In Major Corruption Case

Unless there is any last-minute change, the Economic and Financial Crimes Commission (EFCC) is set to arraign former Minister of Justice and Attorney General of the Federation, Abubakar Malami, on Tuesday, December 30, 2025.....KINDLY READ THE FULL STORY HERE▶

Sources disclosed to Naija News that Malami will appear before Justice Nwute of the Federal High Court, Abuja, tomorrow morning.

The anti-graft agency had earlier filed a 16-count charge against Malami, his son, Abubakar Abdulaziz Malami, and an associate, Hajia Bashir Asabe, alleging money laundering and the unlawful acquisition of properties valued at over ₦8.7 billion.

According to the charge marked FHC/ABJ/CR/700/2025, the defendants are accused of conspiring to conceal, retain, disguise and indirectly acquire proceeds of illegal activities through bank accounts, corporate entities and real estate transactions over a period spanning nearly ten years.

The alleged offences were said to have occurred between 2015 and 2025, mainly in Abuja, during Malami’s tenure as Nigeria’s chief law officer.

Court documents filed by the EFCC and signed by a prosecution team led by Chief J.S. Okutepa, SAN, allege that Malami and his son used Metropolitan Auto Tech Limited to hide ₦1.014 billion lodged in a Sterling Bank account between July 2022 and June 2025. The commission further claimed that an additional ₦600.01 million was concealed in the same account between September 2020 and February 2021.

The EFCC also alleged that the defendants retained ₦600 million as cash collateral for a ₦500 million loan granted by Sterling Bank Plc to Rayhaan Hotels Ltd, despite allegedly knowing the funds were proceeds of unlawful activities.

In another count, the commission accused the defendants of indirectly controlling ₦1.36 billion paid through Meethaq Hotels Ltd’s Union Bank account between November 2022 and October 2025, funds it said were illicit.

Several counts relate to high-value property acquisitions in Abuja and other locations, which investigators said were designed to disguise the origin and ownership of the funds.

Among the properties listed are a luxury duplex on Amazon Street, Maitama District, allegedly purchased for ₦500 million through Efab Properties Ltd; a property at No. 3 Onitsha Crescent, Garki, acquired for ₦700 million; and another at Plot 683, Jabi District, reportedly bought for ₦850 million.

Additional properties include one at No. 3 Rhine Street, Maitama, allegedly acquired for ₦430 million; another in Asokoro District purchased for ₦210 million; a property on Yakubu Gowon Crescent, Asokoro, said to have cost ₦325 million; and a residence at Efab Estate, Gwarimpa, allegedly bought for ₦120 million.

The EFCC further claimed that Malami used proceeds of unlawful activities totaling ₦537 million and ₦415 million to acquire multiple properties in Abuja, Kano and Birnin Kebbi between 2018 and 2023, with the transactions allegedly structured through proxies and corporate fronts to obscure beneficial ownership.

Some of the charges accuse the defendants of conspiring to launder illicit funds by disguising the source of money used in acquiring landed properties between 2016 and 2024.

Hajia Bashir Asabe, identified in the charge as an employee of Rahamaniyya Properties Ltd, was alleged to have played a key role in facilitating property purchases and concealing ownership on Malami’s behalf.

The alleged offences are said to violate provisions of the Money Laundering (Prohibition) Act, 2011 (as amended), and the Money Laundering (Prevention and Prohibition) Act, 2022, and are punishable under the relevant sections of the laws.