The Federal High Court in Abuja has remanded former Attorney-General of the Federation and Minister of Justice, Abubakar Malami SAN, in Kuje Prison until January 2, 2026. Malami faces a 16-count money laundering charge alongside his son, Abdulaziz, and accomplice Hajia Bashir Asabe.
Trial Justice Emeka Nwike denied the defendants’ oral bail request, allowing the EFCC time to file its counter-affidavit. The defendants are accused of laundering about N9 billion, allegedly using a company, Metropolitan Auto Tech Limited, to conceal over N1 billion in a Sterling Bank account and misappropriate additional funds for personal property acquisitions across Abuja, Kebbi, Kano, and other cities.
The charges allege the defendants concealed N600 million as cash collateral for a N500 million loan and disguised N500 million for a luxury property purchase in Abuja. The EFCC claims the defendants acted in breach of the Money Laundering (Prohibition) Act, 2011, as amended, and punishable under Section 15(3).
