EFCC Presents Evidence on Financial Transactions Linked to Malami Family

In a Federal High Court in Abuja on Monday, prosecution witnesses provided fresh testimony in the Economic and Financial Crimes Commission’s (EFCC) ongoing money‑laundering case involving the former Attorney‑General of the Federation (AGF), Abubakar Malami, alongside his son and wife.

During proceedings, a compliance officer from Sterling Bank told the court that the bank account associated with Rayhan Hotels — said to be linked to the former AGF’s son — was operated solely by him, with no evidence that Malami or his wife were signatories to transactions in that account or another tied to Metropolitan Autotech Limited.

The witness presented a detailed bank statement covering numerous deposits and withdrawals over time, which the court admitted as evidence. The prosecution says these movements are part of allegations that approximately ₦8.7 billion was concealed and laundered through various accounts in contravention of Nigeria’s anti‑money‑laundering laws.

Court records also show that none of the movements into the companies’ accounts originated from government agencies Malami supervised while serving as AGF. The defence has argued that the former minister was not directly linked to the operation or signing authority of the accounts under scrutiny.

Malami, his son Abdulaziz Abubakar Malami, and wife Hajia Bashir Asabe face a 16‑count charge connected to the alleged laundering scheme, which they all deny. Proceedings continue with further witness examinations scheduled in the coming days.