The Economic and Financial Crimes Commission (EFCC) has filed a 16-count charge bordering on money laundering against former Attorney-General of the Federation, Abubakar Malami, his son Abdulaziz Malami, and an employee of Rahamaniyya Properties Limited, Bashir Asabe.
According to the charge, which is the first in a series of three, the EFCC alleged that Malami laundered about ₦9 billion to acquire high-value properties across Abuja, Kebbi, Kano, and other locations within Nigeria. The anti-graft agency further accused the former Attorney-General of using proxies and corporate structures to conceal the true ownership of the assets.
The EFCC stated that Malami is expected to account for about 30 residential properties, collectively valued at ₦212.8 billion, most of which were allegedly acquired during his eight-year tenure in office between 2015 and 2023. Investigators contend that the scale and timing of the acquisitions raise serious questions about the lawful source of funds used in purchasing the properties.
The charge sheet also names Rahamaniyya Properties Limited, through its staff, as part of the alleged money laundering scheme, suggesting that the company was used to facilitate the acquisition and management of the disputed assets.
The development marks one of the most high-profile corruption cases involving a former top law officer of the federation. The EFCC is expected to pursue the remaining charges as investigations continue.
As of the time of filing this report, there has been no official response from Abubakar Malami or his legal representatives regarding the allegations.
OYOGist will continue to monitor the case and provide updates as proceedings unfold.
