•Abubakar Malami
The Federal High Court in Abuja today ordered the remand of a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), at the Kuje Correctional Centre pending the hearing and determination of his bail application.
Justice Emeka Nwite also ordered the remand of Malami’s co-defendants—his son, Abubakar Malami, and one of his wives, Bashir Asabe—at the same facility, reports The Nation.
The order followed arguments from the defence team led by Joseph Daudu (SAN) and the prosecution counsel, Ekele Iheneacho (SAN).
Malami and his co-defendants are facing a 16-count money laundering charge filed against them by the Economic and Financial Crimes Commission (EFCC).
In the charge, the EFCC alleged that the defendants conspired at various times to conceal, retain and disguise proceeds of unlawful activities amounting to several billions of naira.
The Commission further alleged that the offences, which span several years, involved the use of companies and bank accounts to launder funds, the retention of cash as collateral for loans, and the acquisition of high-value properties in Abuja, Kano and other locations.
The EFCC also claimed that some of the alleged offences were committed while Malami was serving as Attorney-General of the Federation, contrary to the provisions of the Money Laundering (Prohibition) Act 2011 (as amended) and the Money Laundering (Prevention and Prohibition) Act 2022.
… developing story
