EFCC to arraign ex-AGF Malami for money laundering Tuesday
The Economic and Financial Crimes Commission (EFCC) is set to arraign a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Tuesday before the Federal High Court in Abuja over allegations of money laundering and illegal acquisition of assets.
The EFCC’s Head of Media and Publicity, Dele Oyewale, confirmed the development in a telephone conversation with The PUNCH late Monday, stating that Malami would appear before Justice Emeka Nwite.
Malami, who held the position of Attorney-General for eight years during the administration of former President Muhammadu Buhari, is expected to be docked on a 16-count charge brought by the anti-graft agency.
Also named as co-defendants are his son, Abubakar Abdulaziz Malami, and another individual.
According to the charge sheet, the EFCC alleged that the defendants jointly engaged in acts aimed at concealing, retaining, and disguising proceeds of unlawful activities valued at several billions of naira.
The commission further claimed that the alleged offences involved the use of corporate entities and bank accounts to launder funds, keeping large cash sums as loan collateral, and purchasing high-value properties in Abuja, Kano, and other locations.
Some of the alleged infractions were said to have occurred while Malami was serving as Attorney-General of the Federation, in violation of the Money Laundering (Prohibition) Act, 2011 (as amended), and the Money Laundering (Prevention and Prohibition) Act, 2022.
Malami and the other defendants are expected to enter their pleas when the case comes up for arraignment on Tuesday.
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