Fresh Details In Malami’s N8.7bn Fraud Case
Witnesses have begun testifying in the alleged N8.7 billion fraud case involving former Attorney-General of the Federation Abubakar Malami, his wife Asabe Rakiya Bashir and his son Abubakar Abdulaziz Malami.
The case resumed on March 16, 2026 before Justice Joyce Abdulmalik at the Federal High Court in Maitama, Abuja.
The trial is being prosecuted by the Economic and Financial Crimes Commission over a 16-count charge linked to conspiracy, concealment and laundering of alleged illegal funds totalling N8,713,923,759.49.
Prosecutor J.S. Okutepa presented Union Bank compliance officer Daniel Simon Kwayil as the second prosecution witness during the hearing.
The witness told the court that the bank received a request from the EFCC in 2025 seeking records connected to Meethaq Hotels Limited.
The documents included account opening forms, compliance certificates and bank statements. The court later admitted the materials as evidence after the defence raised no immediate objection.
While reviewing the account statement, the witness pointed to several transfers allegedly linked to Malami.
According to the records, payments of N14 million and N24 million were made to him in February and March 2024 from the company.
Another transfer of N24 million was sent to A.A. Malami and Co, while a payment of N12.5 million was also recorded in favour of A.A. Malami.
