Malami and Family Granted N200M Bail in Money Laundering Case

On Friday, a Federal High Court in Abuja granted bail to Abubakar Malami, the former Attorney General of the Federation, his wife, and son, in a money laundering trial involving allegations of N9 billion. Justice Joyc Abdulmalik set the bail at N200 million, requiring two sureties and the deposit of title documents for properties located in Maitama or Asokoro, Abuja.

The court also mandated the defendants to deposit their international passports with the court registrar. The Economic and Financial Crimes Commission (EFCC) is prosecuting the case, which includes 16 counts of money laundering.

During the trial, David Ajoma, a compliance officer at Sterling Bank, testified about the bank's handling of compliance requests from law enforcement agencies. The case has been adjourned until March 16 for further proceedings.