A Jaiz Bank compliance officer testified in Abuja’s Federal High Court on Tuesday, revealing a trail of multi-million naira transactions flowing through Alkausar Farm’s account — a key entity in the EFCC’s N8.7 billion money laundering case against former AGF Abubakar Malami and his family.
The numbers are stacking up against Abubakar Malami — and a bank compliance officer just put them on record.
Munawwarah Salisu Anas, fifth prosecution witness and Compliance Officer at Jaiz Bank Plc, took the stand Tuesday before Justice Joyce Abdulmalik at the Federal High Court in Maitama, Abuja, methodically walking the court through suspicious transactions tied to Alkausar Farm — one of several entities linked to the former Minister of Justice.
According to Daily Trust, the EFCC is prosecuting Malami alongside his wife, Hajia Bashir Asabe, and son, Abubakar Abdulaziz Malami, on a 16-count charge involving conspiracy, concealment and laundering of N8,713,923,759.49 — nearly N8.7 billion.
The transactions Anas detailed paint a vivid picture. Cash deposits of N1 million and N2.25 million landed in 2018. Then came a single-day blitz on December 7, 2018 — four separate N10 million transfers plus N8 million, all from Kalamu Wahid Global Concept. Eleven days later, N45.5 million flew out to Donaliv Global Nigeria Limited.
By 2020, Al-Afiya Energy Limited wired N26.25 million twice — July 13 and July 22 — into the same account.
“Page one is the forwarding letter, page two is the certificate of identification, pages three to twenty-five are the account opening documents, while pages twenty-six to thirty are the statement of account of Alkausar Farm,” Anas explained to the court.
Justice Abdulmalik admitted the documents as Exhibit E Series. The defence reserved objections for final addresses.
The paper trail keeps growing.
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