FG Drags Malami To Court As EFCC Uncovers 41 Properties Linked To Ex-AGF

The Economic and Financial Crimes Commission (EFCC) has uncovered 41 properties valued at over N212 billion allegedly linked to Abubakar Malami, former Attorney-General of the Federation and Minister of Justice.

The assets, spread across Kebbi State, Kano State and the Federal Capital Territory (FCT), Abuja, include hotels, universities, schools, factories, fuel businesses, radio stations and luxury homes.

Investigations show that properties in Kebbi State alone are worth N162.1 billion, while assets traced to Kano State are valued at N16 billion. Properties in the FCT were put at N34.6 billion, bringing the total value to N212.8 billion.

Following the discovery, the federal government filed a 16-count charge of money laundering against Malami and his son, Abdulaziz Malami, under the Money Laundering (Prevention and Prohibition) Act.

The former Attorney-General and his son were dragged before the Federal High Court in Abuja over alleged money laundering involving more than ₦1.014 billion,

It filed a 16-count charge, accusing the defendants of laundering, concealing and disguising the proceeds of unlawful activities through a complex network of companies, bank accounts and high-value property acquisitions spanning several years.

According to the charge sheet, the government alleges that Malami, his son and their associates were involved in the laundering and concealment of a total sum of ₦1,014,848,500 allegedly traced to an account domiciled with a commercial bank.

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The prosecution claims that between July 2022 and June 2025, within Abuja and the jurisdiction of the court, the defendants procured Metropolitan Auto Tech Limited to conceal the unlawful origin and movement of the funds.

The Federal Government alleges that the company was used as a front to disguise the source of the money, an act said to constitute money laundering under Nigerian law.

The alleged offences are said to be contrary to Section 21(c) of the Money Laundering (Prevention and Prohibition) Act, 2022, and punishable under Section 18(3) of the same Act.

Olamilekan Adigun

Olamilekan Adigun is a graduate of Mass Communication with years of experience in journalism embedded in uncovering human interest stories. He also prioritises accuracy and factual reportage of issues.

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