JUST IN: Ex-AGF Malami, Son, Wife Granted N1.5bn Bail
The immediate past Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, alongside his son, Abdulaziz, has been granted N1 billion bail by the Federal High Court in Abuja.
Malami’s wife, Hajia Bashir Asabe, also a defendant in the case, was granted bail of N500 million, the court ruled on Wednesday.
Justice Emeka Nwite ordered that each defendant must provide two sureties of equal amounts, who must own landed property in Asokoro, Maitama, or Gwarinpa districts of the Federal Capital Territory (FCT).
The court further directed that the title documents of the properties be submitted for verification.
The defendants must surrender their passports, and the sureties are required to provide two recent passport photographs and depose to an affidavit of means.
Justice Nwite warned that the defendants are not to travel abroad without the court’s permission and should remain in custody until the bail conditions are perfected.
The case was adjourned to February 17 for trial.
Malami, who served as Justice Minister from November 11, 2015, to May 29, 2023, under former President Muhammadu Buhari, faces 16 counts of money laundering.
He was arraigned with his son and wife, who was identified as an employee of Rahamaniyya Properties Limited—a firm allegedly used to conceal proceeds from unlawful activities through property transactions.
The Economic and Financial Crimes Commission (EFCC) alleged that the defendants laundered about N9 billion.
The anti-graft agency said Malami acquired properties in Abuja, Kebbi, and Kano to hide the proceeds of crime.
EFCC also told the court that the defendants used Metropolitan Auto Tech Limited between July 2022 and June 2025 to conceal over N1.01 billion in a Sterling Bank account and siphoned about N600 million between September 2020 and February 2021 through the same company.
Additionally, the defendants were accused of retaining N600 million in March 2021 as cash collateral for a N500 million loan obtained by Rayhaan Hotels Ltd from Sterling Bank, despite allegedly knowing the funds were proceeds of crime.
They were said to have violated several provisions of the Money Laundering (Prohibition) Act, 2011. Investigators, bank officials, real estate agents, and Bureau de Change operators are among those expected to testify against them.
Titilope Adako is a talented and intrepid journalist, dedicated to shedding light on the untold stories of Osun State and Nigeria. Through incisive reporting, she tackles a broad spectrum of topics, from politics and social justice to culture and entertainment, with a commitment to accuracy, empathy, and inspiring positive change.
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