The Federal High Court in Abuja has ordered the remand of former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), at the Kuje Correctional Centre, pending the hearing and determination of their bail application.
On Tuesday, the trial judge, Justice Emeka Nwite, also ordered the remand of Malami’s co-defendants: his son, Abubakar Malami, and one of his wives, Bashir Asabe. This decision came after the court heard arguments from the defence team, led by Joseph Daudu (SAN), and the prosecution counsel, Ekele Iheneacho (SAN).
Malami and his co-defendants face a 16-count money laundering charge filed against them by the Economic and Financial Crimes Commission (EFCC). The EFCC alleges that the defendants conspired at various times to conceal, retain, and disguise the proceeds of unlawful activities amounting to several billions of naira.
The charges outline that the alleged offences span multiple years and involve the use of companies and bank accounts to launder funds, retaining cash as collateral for loans, and acquiring high-value properties in Abuja, Kano, and other locations.
The commission further claims that some of these offences occurred while Malami was serving as Attorney-General of the Federation, in violation of the Money Laundering (Prohibition) Act 2011, as amended, and the Money Laundering (Prevention and Prohibition) Act 2022.
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