The Former Attorney General of the Federation and Minister of Justice Abubakar Malami, SAN arrived at the Federal High Court sitting in Abuja for arraignment by the Economic and Financial Crimes Commission, EFCC.
Malami, his son and one other will be facing sixteen counts charge bordering in alleged financial fraud.
The prosecution team is expected to be led by Chief J. S. Okutepa, SAN.
According to report by Channels TV, the EFCC has filed a 16-count charge against Malami, his son, Abubakar Abdulaziz Malami, and an associate, Hajia Bashir Asabe.
The charge, identified as FHC/ABJ/CR/700/2025, accuses the defendants of conspiring to conceal, disguise, and retain proceeds from illegal activities.
The indictment claims they used multiple bank accounts, corporate entities, and high-value real estate transactions over nearly ten years to indirectly acquire the illicit funds.
The charge sheet states that the alleged offences took place between 2015 and 2025, primarily within the Federal Capital Territory, Abuja, during Malami’s time as the country’s Attorney-General.
The EFCC claims that Malami and his son used Metropolitan Auto Tech Limited to hide N1.014 billion in a Sterling Bank account from July 2022 to June 2025. They are also accused of depositing an additional N600.01 million between September 2020 and February 2021.
The defendants face allegations of retaining N600 million in cash as collateral for a N500 million loan taken by Rayhaan Hotels Ltd from Sterling Bank Plc, with the EFCC asserting that they were aware the funds were proceeds of illegal activities.
In another charge, the commission claims that between November 2022 and October 2025, the defendants indirectly controlled N1.36 billion through the Union Bank account of Meethaq Hotels Ltd, which the EFCC alleges was sourced from unlawful means.
Several of the charges relate to the alleged acquisition of high-end properties in Abuja and other locations, with the intention of concealing the origin and true ownership of the funds.
