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Court Remands Malami, Son, Wife Over ₦8.7bn Money Laundering Charges

Naija News • 2d ago
Court Remands Malami, Son, Wife Over ₦8.7bn Money Laundering Charges
**High-Stakes Court Drama: Malami, Son, and Wife Face ₦8.7bn Money Laundering Charges** In a dramatic turn of events, a Federal High Court in Abuja has remanded former Attorney General and Minister of Justice Abubakar Malami, his son Abdulaziz, and his wife Asabe at correctional centers in Kuje and Suleja. This comes after they were re-arraigned by the Economic and Financial Crimes Commission (EFCC) on charges of alleged money laundering totaling ₦8.7 billion. The court, presided over by Justice Joyce Abdulmalik, granted the trio the opportunity to plead not guilty to the 16-count charge. However, the judge also set out strict bail conditions, which included a ₦200 million bail for Malami and his son, as well as the provision of two sureties who must own landed property in high-end areas of Abuja. The sureties, who must be of means and provide proof of their financial status, will also be required to submit their international passports and recent passport photographs to the court. Malami and his son will similarly submit their international passports and recent passport photographs. The judge has fixed March 4 for the commencement of the trial. This development marks a significant twist in the case, which has been marred by a series of changes in judges and court proceedings. Justice Obiora Egwuatu had earlier withdrawn from the case, citing a conflict of interest. The case was initially before Justice Emeka Nwite, who sat as a vacation judge during the Christmas/New Year break. The re-arraignment of Malami, his son, and wife comes as a major blow to the former AGF, who has been at the center of several high-profile corruption allegations in recent years. The EFCC has accused them of engaging in a massive money laundering scheme, which has seen them allegedly launder over ₦8.7 billion. As the case continues to unfold, Nigerians are watching with bated breath to see how the court will ultimately rule on the charges brought against the trio. Will they be able to clear their names, or will they face the full force of the law? Only time will tell.
Source: Original Article. AI-enhanced version.