Ex‑AGF Malami Under Fire Over $16.9 Million “Abacha Loot” Claims

Former Attorney‑General of the Federation, Abubakar Malami, is now the subject of a fresh corruption probe after allegations surfaced that he benefited from roughly $169 million of the infamous Abacha loot. The accusations, which emerged in a recent investigative report, suggest that Malami’s name appears in documents linked to offshore accounts and shell companies allegedly used to funnel the stolen funds.

The report claims the former minister was unable to explain the source of the multi‑billion‑naira assets he amassed during his tenure, raising questions about possible abuse of office. Sources say the investigation is focusing on a network of front companies and suspicious transactions that trace back to the late dictator’s hidden wealth.

Malami, who has consistently denied any wrongdoing, is expected to face questioning by the Economic and Financial Crimes Commission (EFCC) and other anti‑corruption bodies. He has called the allegations “baseless” and vowed to cooperate fully with investigators, insisting that his wealth stems from legitimate business dealings.

The case adds another layer to Nigeria’s ongoing battle against corruption, especially as the country grapples with dwindling oil revenues and a growing public demand for accountability. Observers note that if the claims hold up, they could trigger a broader review of assets held by former officials and their associates.

As the investigation unfolds, the public will be watching closely to see whether the legal process will bring clarity and possible restitution of the alleged stolen funds. For now, the controversy surrounding Malami serves as a stark reminder that no one is above scrutiny in the fight against graft.