Malami, Son, Others Granted Bail in N500m Money Laundering Case

The Federal High Court in Abuja has granted bail to former Attorney-General of the Federation, Abubakar Malami, in an ongoing money laundering case brought against him by the Economic and Financial Crimes Commission. Justice Emeka Nwite fixed bail at N500 million with two sureties.

The court ruled that the sureties must own landed property within Abuja and submit their travel documents for verification. Malami was also directed to surrender his international passport and seek court approval before traveling outside Nigeria. Until the bail conditions are met, he is to remain at the Kuje Correctional Centre.

Justice Nwite extended identical bail terms to Malami’s son, Abdulaziz Malami, and Hajia Asabe Bashir, an employee of Rahamaniyya Properties Limited. All three defendants are standing trial together.

The EFCC has charged them with sixteen counts bordering on alleged money laundering. The trial is scheduled to commence on February 17.