Latest
Video: Abubakar Malami Arraigned In Abuja, Pleads Not Guilty To 16-Count Charge
Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, was on Tuesday arraigned before the Federal High Court in Abuja over alleged money laundering offences instituted by the Economic and Financial Crimes Commission (EFCC).....KINDLY READ THE FULL STORY HERE▶
Malami appeared in court alongside his son, Abubakar Abdulaziz Malami, and another defendant before Justice Emeka Nwite, where all the accused persons pleaded not guilty to the 16-count charge filed against them.
The EFCC had earlier brought the suit against Malami, his son and an associate, Hajia Bashir Asabe, accusing them of money laundering and the unlawful acquisition of assets valued at more than ₦8.7 billion.
In the charge marked FHC/ABJ/CR/700/2025, the commission alleged that the defendants conspired to conceal, retain and disguise proceeds of crime through the use of bank accounts, corporate entities and real estate transactions over a period spanning almost ten years.
The alleged offences were said to have occurred between 2015 and 2025, mostly in Abuja, during Malami’s tenure as the country’s chief law officer.
According to the EFCC, in a charge signed by its prosecution team led by Chief J.S. Okutepa (SAN), Malami and his son allegedly used Metropolitan Auto Tech Limited to mask the illegal source of ₦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 agency also accused the defendants of retaining ₦600 million as cash collateral for a ₦500 million loan obtained by Rayhaan Hotels Limited from Sterling Bank Plc, despite allegedly knowing the funds were proceeds of unlawful activities.
In another count, the EFCC alleged that between November 2022 and October 2025, the defendants indirectly controlled ₦1.36 billion paid through a Union Bank account belonging to Meethaq Hotels Limited, funds which the commission said were illicit.
The EFCC maintained that the alleged acts contravened the Money Laundering (Prohibition) Act, 2011 (as amended) and the Money Laundering (Prevention and Prohibition) Act, 2022, and disclosed that it would call investigators, bank officials, bureau de change operators and company representatives as witnesses in the trial.
2027 Tension: Atiku Raises Alarm Over Alleged Election Manipulation At Collation Centres
VIDEO: APC Politician Cries Out After Missing Out On Assembly Ticket
Anioma Debate Heats Up As Okowa Blasts Nwoko In Strong Rebuttal
Breaking: Gov. Adeleke Appoints Davido To New Government Role
Sacked But Proud! Dangiwa Reacts: ‘We Built Strong Foundations
Breaking: Federal Government Of Nigeria Bans Cement Importation, Releases Full List Of Restricted Goods
Supreme Court Shocks Kano Emirate Case, Adjourns Hearing Till 2027
Here’s What Happened” — Ex-Army Chief Buratai Speaks On Borno Airstrike Tragedy
Succession Buzz: Olusi Reveals Who May Replace Sanwo-Olu In 2027
