The Federal High Court in Abuja has ordered that the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), be remanded at the Kuje Correctional Centre.
The ruling, delivered on Tuesday by Justice Emeka Nwite, also affects Malami’s co-defendants: his son, Abubakar Malami, and one of his wives, Bashir Asabe. The trio will remain in custody pending the hearing and ultimate determination of their bail applications.
The court’s decision followed intense arguments between the defense team, led by Joseph Daudu (SAN), and the prosecution counsel, Ekele Iheneacho (SAN).
Read Also: Moment EFCC Brought Malami To Court [VIDEO]
The defendants are currently battling a 16-count money laundering charge brought against them by the Economic and Financial Crimes Commission (EFCC).
The anti-graft agency alleges that the group conspired to “conceal, retain and disguise the proceeds of unlawful activities running into several billions of naira.”
The indictment covers several years of alleged financial misconduct, detailing:
-
The use of various corporate entities and bank accounts to launder illicit funds.
-
The retention of large sums of cash as collateral to secure bank loans.
-
The acquisition of luxury real estate in Abuja, Kano, and other major cities.
The EFCC maintains that a significant portion of these alleged crimes occurred during Malami’s tenure as the nation’s chief law officer, representing a direct breach of the Money Laundering (Prohibition) Act 2011 (as amended) and the Money Laundering (Prevention and Prohibition) Act 2022.
Join Informant Online WhatsApp Channel With Link Below: https://whatsapp.com/channel/0029VaihFajBadmT29ufud2
