Court Grants Abubakar Malami N500m Bail in Money Laundering Case

The Federal High Court in Abuja has granted bail of N500 million to Abubakar Malami, the former Attorney General of Nigeria, in a money laundering case filed against him by the federal government. The court ordered Malami to produce two sureties who must own land in specific areas of Abuja.

Malami is to remain in remand at the Kuje Correctional Center until the bail conditions are fulfilled. The trial is set to commence on February 17, with the bail terms also extended to Malami's son, Abdulaziz Malami, and an employee of Rahamaniyya Properties Limited, Hajia Asabe Bashir.

The EFCC had filed 16 counts of money laundering against Malami's son and wife, alleging the concealment of unlawful activities involving billions of naira. The court dismissed EFCC's objections to Malami's bail application, citing lack of specific evidence of flight risk or interference.

Malami, who served under former President Muhammadu Buhari, had been in EFCC custody since December 8 for alleged conspiracy to conceal proceeds of unlawful activities.