A former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), has reportedly spent a third consecutive night in the custody of the Economic and Financial Crimes Commission as investigations into multiple allegations continue.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, Malami, who is under scrutiny for alleged money laundering and the management of suspicious financial accounts, has remained in EFCC detention since Monday after failing to meet the bail conditions set by the agency.
An official familiar with the ongoing probe disclosed that the former minister is being questioned over at least 18 different offences. The source noted that Malami’s detention is linked to investigations touching on alleged money laundering, terrorism financing, abuse of office, and other related issues. The EFCC is also said to be examining claims regarding the handling of recovered Abacha loot from Switzerland and Jersey, as well as his estimated N10 billion investments in Kebbi State, which may be subject to forfeiture.
Investigators are further expected to interrogate one of Malami’s wives concerning her alleged involvement in the disbursement of a N4 billion Anchor Borrowers Programme loan issued by the Central Bank of Nigeria. The source added that the former minister may remain in custody until he fully satisfies the bail requirements.
Despite the widening probe, Malami has strongly dismissed reports suggesting he is being held over terrorism financing or the operation of 46 bank accounts. In a statement released by his media aide, Mohammed Doka, the former AGF described the allegations circulating online as entirely false, misleading, and part of an orchestrated attempt to malign his reputation.
According to Nivo News, the statement insisted that Malami has never been investigated—locally or internationally—over terrorism financing or similar offences. It added that the claim of 46 bank accounts linked to him was fabricated and unsupported by any credible records. Doka also clarified that a retired military officer cited in earlier reports never accused Malami of sponsoring terrorism, despite misleading interpretations by some outlets.
The statement stressed that Malami’s years in public service reflect his commitment to strengthening Nigeria’s anti-money laundering and counter-terrorism frameworks, highlighting his role in establishing an independent Nigerian Financial Intelligence Unit.