A Federal High Court in Abuja has scheduled January 7, 2026, for the ruling on the bail application of former Attorney General Abubakar Malami, who is currently remanded at Kuje Correctional Centre. Malami, alongside his son Abdulaziz and wife Bashir Asabe, faces a 16-count charge of alleged money laundering brought by the Economic and Financial Crimes Commission (EFCC).
The trio, accused of laundering ₦8.7 billion, pleaded not guilty during their arraignment on December 29, 2025. After their plea, Justice Emeka Nwite ordered their remand until January 2, 2026, when their written bail application would be presented for consideration.
The EFCC alleges that Malami and his son used multiple bank accounts and corporate entities for nearly ten years to conceal proceeds from illegal activities. Specific charges include that they hid ₦1.014 billion in a Sterling Bank account through Metropolitan Auto Tech Limited and deposited an additional ₦600 million within a specified timeframe.
The properties involved in the allegations include high-value real estate acquisitions in Abuja, with total illicit funds amounting to ₦952 million linked to various properties between 2018 and 2023. The prosecution contends these actions violate the Money Laundering (Prohibition) Act of 2011 and the 2022 amendments.
