Abubakar Malami (SAN), a former Attorney-General of the Federation and Minister of Justice, was placed under remand at the Kuje Correctional Center by the Federal High Court in Abuja today until his bail application is heard and decided.
According to The Nation, Judge Emeka Nwite also mandated that Malami’s co-defendants, including his son Abubakar Malami and one of his wives, Bashir Asabe, be remanded in the same facility.
Following arguments from the prosecution’s attorney, Ekele Iheneacho (SAN), and the defense side, lead by Joseph Daudu (SAN), the order was issued.
The Economic and Financial Crimes Commission (EFCC) has charged Malami and his co-defendants with 16 counts of money laundering.
According to the EFCC’s accusation, the defendants allegedly plotted at different points in time to hide, hold onto, and disguising billions of naira in earnings from illegal activities.
The Commission further claimed that the violations, which spanned many years, included the purchase of valuable properties in Abuja, Kano, and other places, the retention of cash as collateral for loans, and the use of businesses and bank accounts to launder money.
In violation of the Money Laundering (Prohibition) Act 2011 (as amended) and the Money Laundering (Prevention and Prohibition) Act 2022, the EFCC also asserted that some of the alleged offenses were committed when Malami was the Attorney-General of the Federation
Developing story, stay with us ……………………………….
About the Author
