Justice Emeka Nwite of the Federal High Court in Abuja has fixed January 7 for a ruling on the bail applications filed by former Attorney-General of the Federation (AGF), Mr Abubakar Malami, SAN, his son, Abubakar Abdulaziz Malami, and his wife, Hajia Bashir Asabe.
The trial judge adjourned for ruling on Friday after counsel to the defendants, Joseph Daudu, SAN, and the Economic and Financial Crimes Commission (EFCC)’s counsel, Ekele Iheanacho, SAN, adopted their processes and presented arguments for and against the applications.
The EFCC is prosecuting the defendants in a money laundering case marked FHC/ABJ/CR/700/2025, in which Malami, his wife, and son are listed as the 1st, 2nd, and 3rd defendants, respectively.
According to the charge, the anti-graft agency accused the defendants of engaging in suspicious financial transactions and attempting to conceal the alleged unlawful origin of billions of naira through multiple bank accounts and property acquisitions in Abuja, Kano, and Kebbi states.
The EFCC alleged that the offences were committed between 2015 and 2025, a period covering the eight years Malami served as AGF under the administration of late former President Muhammadu Buhari.
The commission further alleged that the defendants conspired to disguise the origin of funds, acquire properties indirectly, and retain proceeds they allegedly knew to be derived from unlawful activities, contrary to the provisions of the Money Laundering (Prohibition and Prevention) Acts of 2011 (as amended) and 2022.
