EFCC Files 16-Count Money Laundering Charges Against Malami and Family.
EFCC Files 16-Count Money Laundering Charges Against Malami and Family.
Justice Emeka Nwite of the Federal High Court in Abuja has granted former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN, bail of N500 million in connection with money laundering charges filed against him by the federal government. Malami is required to provide two sureties, each standing for the same amount, with landed properties in Maitama, Asokoro, or Gwarimpa. The court ordered that the properties be verified by the Deputy Chief Registrar, and the sureties must deposit affidavits of means.
In addition to the bail, Malami is to surrender his travel documents to the court and is prohibited from traveling outside Nigeria without prior court approval. He and his sureties are also mandated to submit recent passport photographs. Despite being granted bail, Malami was ordered to be remanded in Kuje Prison until all bail conditions are met.
The court proceedings saw Malami’s allies, friends, and sympathizers actively seeking to secure his release. Justice Nwite scheduled the trial to commence on February 17, 2026. The same bail conditions were extended to Malami’s son, Abdulaziz Malami, and Hajia Asabe Bashir, an employee of Rahamaniyya Properties Limited.
The Economic and Financial Crimes Commission (EFCC) had earlier filed a 16-count money laundering charge against Malami, his wife, and son. The charges stem from allegations of illicit financial activities linked to the former AGF, with the court now overseeing the bail process as the legal process continues.
