Abubakar Malami, the former attorney general of the Federation (AGF), his son, and another individual have entered a not-guilty plea to the alleged money laundering charge on their behalf.
On Tuesday, they were set to be arraigned in Abuja before the Federal High Court.
Malami, his son Abubakar Abdulaziz Malami, and an associate, Hajia Bashir Asabe, were all charged with 16 counts in the Economic and Financial Crimes Commission (EFCC).
The charges include large-scale money laundering and the unauthorized purchase of properties worth more than N8.7 billion.
The defendants were accused of conspiring to conceal, conceal, and keep money from illegal activities in the alleged case FHC/ABJ/CR/700/2025.
The defendants alleged that they had obtained the illicit funds indirectly through a number of bank accounts, corporate entities, and high-value real estate transactions over the course of nearly ten years.
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The charge sheet stated that during Malami’s time as the nation’s attorney-general, the alleged crimes occurred between 2015 and 2025, primarily in Abuja’s Federal Capital Territory.
Malami and his son used Metropolitan Auto Tech Limited to conceal N1.014 billion between July 2022 and June 2025, according to the EFCC. Additionally, they are accused of putting in an additional N600.01 million between September 2020 and February 2021.
A luxury duplex on Amazon Street, Maitama, was purchased for N500 million, a Garki property for N700 million, and another in Jabi District for N850 million. Additional acquisitions include the acquisitions of Efab Estate, Gwarimpa, and Rhine Street, Maitama (N430 million), Asokoro District (N210 million and N325 million), respectively.
Additionally, the EFCC claims that between 2018 and 2023, Malami purchased multiple properties in Abuja, Kano, and Birnin Kebbi for unrestricted amounts of N952 million. To conceal ownership, these acquisitions allegedly occurred through corporate proxies and other entities.
Hajia Bashir Asabe, who is alleged to have worked for Rahamaniya Properties Ltd., is said to have played a significant role in facilitating these property deals and concealing ownership on Malami’s behalf.
The commission claimed that the alleged offenses were in contravention of the 2011 Money Laundering (Prohibition) Act (as amended) and the 2022 Money Laundering (Prevention and Prohibition) Act.
Source: Channels TV
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