NewsCourt Grants Malami, Wife, Son Bail In N8.7b Money Laundering Charge

Court Grants Malami, Wife, Son Bail In N8.7b Money Laundering Charge

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By Suleiman Anyalewechi 

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A Federal High Court sitting in Abuja, on Friday, March 6, 2026, granted former Attorney General of the Federation AGF and Minister for Justice, Abubakar Malami, SAN, wife Asabe Bashir, and son Abdulaziz Malami, bail to the tune of N200 million each , with two sureties in like sum.

 

The Source reports that the Malamis were on February 27 ,2026 re-arraigned for the third time by the Economic and Financial Crimes Commission, EFCC, before Honourable Justice Joyce Abdul-Malik, on an amended 16-count charge bordering on alleged diversion of public funds, money laundering, and abuse of office to the tune of over N8.7billion.

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The arraignment before Justice Abdul-Malik followed the sudden withdrawal of Honourable Justice Obiora Egwuatu who, on February 12, 2026, recused himself from the case citing personal considerations as a major reason.

 

Before him, vacation Judge, Honourable Justice Emeka Nwite had, on January 7, 2026 granted the defendants bail to the tune of N500 million each , with two sureties in like sum. 

 

However , with the fresh arraignment on February 27, presiding Judge Justice Abdul-Malik ruled to revoke the earlier bail on the grounds that the case has commenced a fresh.

 

The defendants were subsequently returned to custody.

 

In the fresh bail to the  defendants ( Malami ,wife and son) the Court ordered that one of  the two sureties must tender to the Court title deeds of properties located in high brow districts of Maitama or Asokoro, Abuja.

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The court also ordered the defendants to deposit their international passports and other travel documents with the court Registrar.

 

Until the perfection of the bail conditions the defendants, the court held, are to remain in custody of the Nigerian Correctional Service.

 

The Court, subsequently, adjourned proceedings to March 16, 2026.


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