The Economic and Financial Crimes Commission (EFCC) will today arraign former Attorney-General of the Federation, Abubakar Malami, his son, Abubakar Malami, and Asabe Bashir, an employee of Rahamaniyya Properties Ltd, before Justice Emeka Nwite of the Federal High Court, Abuja Division.
The trio face a 16-count charge bordering on alleged money laundering, concealment of illicit funds, and acquisition of properties across Abuja, Kano, and Kebbi between 2015 and 2025.
According to the EFCC, they “attempted to conceal the unlawful origin of billions of naira through bank accounts and property acquisitions,” including funds linked to corporate entities such as Meethaq Hotels Ltd and Metropolitan Auto Tech Limited.
The anti-graft agency alleged that the defendants directed financial institutions to disguise transactions involving billions of naira and acquired luxury real estate in areas including Maitama, Asokoro, Gwarimpa, and Jabi.
The EFCC said it will present several witnesses, including commission officials, bank representatives and bureau de change operators. Key witnesses expected in court include Folarin Dare, Chinedu Eneanya, Sani Lukeman, Abdulrahman Musa Basheer, Jamilu Mohammed, and representatives of Zenith Bank Plc and Sterling Bank Plc.
The alleged offences are said to violate provisions of the Money Laundering (Prohibition and Prevention) Acts of 2011 (as amended) and 2022.