Alleged Money Laundering: Court Orders Remand Of Malami, Son, Wife In Kuje

Justice Emeka Nwite of the Federal High Court in Abuja has ordered that former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, his son Abdulaziz Malami, and one of his wives Bashir Asabe be remanded at the Kuje Correctional Facility pending the hearing and determination of their bail application.

Ruling on an oral bail application filed by the defendants’ counsel, Justice Nwite noted that granting bail at this stage would amount to an ambush, as the defence had already submitted a written bail application.

After pleading not guilty to the sixteen-count charges of alleged corruption, the defendants had their case adjourned to January 2, 2026, for the hearing of the bail application.

The trio were arraigned before the Federal High Court in Abuja on Tuesday.

The Economic and Financial Crimes Commission (EFCC) brought a 16-count charge against Abubakar Malami, his son Abdulaziz Malami, and their associate Hajia Bashir Asabe.

The charges include large-scale money laundering and the illegal acquisition of properties valued at over N8.7 billion.

The case, identified as FHC/ABJ/CR/700/2025, alleges that the defendants conspired to conceal, disguise, and retain proceeds from illegal activities.

The indictment claims that they used multiple bank accounts, corporate entities, and high-value real estate transactions over nearly ten years to acquire illicit funds indirectly.

The charge sheet states that the alleged offences occurred between 2015 and 2025, primarily in the Federal Capital Territory, Abuja, during Malami’s tenure as Attorney-General.

The EFCC alleges that Malami and his son used Metropolitan Auto Tech Limited to hide N1.014 billion in a Sterling Bank account from July 2022 to June 2025 and deposited an additional N600.01 million between September 2020 and February 2021.

The properties involved include a luxury duplex on Amazon Street, Maitama, purchased for N500 million; a property on Onitsha Crescent, Garki, bought for N700 million; and another in Jabi District for N850 million.

Additional acquisitions include real estate on Rhine Street, Maitama (N430 million); in Asokoro District (N210 million and N325 million); and at Efab Estate, Gwarimpa (N120 million).

The EFCC further alleges that Malami used unlawful proceeds totaling N952 million to acquire multiple properties in Abuja, Kano, and Birnin Kebbi between 2018 and 2023, using proxies and corporate entities to conceal ownership.

Hajia Bashir Asabe, described as an employee of Rahamaniyya Properties Ltd, is said to have played a key role in facilitating these property deals and disguising ownership on Malami’s behalf.

The commission claims that the alleged actions violate the Money Laundering (Prohibition) Act, 2011 (as amended) and the Money Laundering (Prevention and Prohibition) Act, 2022.

The EFCC has listed several witnesses, including investigators, bank officials, bureau de change operators, and company representatives, to support its case.