Tag: Malami

  • In defence of Ahmed Farouk and Malami

    In defence of Ahmed Farouk and Malami

    Nigerians are angry. For close to two weeks, they have agonized over Ahmed Farouk, ex MD of NNPCL and Abubakar Malami, the immediate past Attorney General and Minister of Justice’s alleged betrayal of sacred trust entrusted on them as public servants by the nation. The former was challenged over indiscriminate issuance of licences for PMS importation – an act, they said, could derail the government current drive towards energy self-sufficiency. He was also alleged to have spent about $5m school fees on his four primary school children in Switzerland. Such money, many have argued must be a product of corruption.

    The latter was accused of hiding under Buhari’s presidency to serve other tendencies. As a ‘charge and bail’ lawyer before joining Buhari’s crew of ‘loyal gatekeepers’, many are asking for the sources of his alleged stupendous wealth.

    For their ‘treachery’, the battle cry at home, on the street, in the social media and even in the hallow chambers of our National Assembly is “hang them”.

    But the problem is that we know that “hang them” is a language of those shut out of the system or those driven by greed. And since everyone seems to be angry with the Nigerian state, it can be said that there is a bit of Farouk and Malami in all of us.

     We rail at PENGASAN, IPMAN and DAPPMAN only because we don’t have the opportunity of becoming part of them. From ethnic nationalities, the owners of our society, whose arrogant spokespersons insist no one gets what they cannot get, to our political leaders who see Abuja as place for securing their own fair share of the national cake, and the governed, who swear at the politicians for not stealing enough monies from Abuja which they claim belong to no one, we have all betrayed the nation.

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    If you are in doubt, let us again take a short journey through memory. At the 1957 London Independence Constitutional Conference, two of the dominant ethnic groups, the Igbo and the Fulani, betrayed the minorities over creation of states. In 1962, they again removed one of the legs of a tripod holding Nigeria together. Between the census crisis of 1962/63 and massively rigged 1964 election, the remaining two wobbling legs of the tripod finally collapsed. With each group insisting no one gets what the other could not get, our politically naïve military was dragged into politicians’ battle for supremacy. The result was a civil war driven by greed but fraudulent fought in our name.

    In 1993, a jolly good fellow and a generous giver, MKO Abiola, a man without any ideological orientation made billions through Nigerian state and ITT. (We all remember Fela Anikulapo’s famous lyric “ITT: International thief thief”). But as a generous giver, he shared the fortune so cheaply acquired among Nigerians, building mosques, churches, hospitals, schools, sport centres across towns and villages in Nigeria.  Many analysts believe it was the secret of his landslide victory in 1993, defeating Bashir Tofa round and square even in his Kano stronghold.

    But the ruling Fulani hegemonic class in the north according to Babangida’s rain doctors did not want a Yoruba presidency. Arthur Nzeribe placed a paid newspaper advertisement declaring “Igbo will not accept a Yoruba presidency”, Evans Enwerem, who later became a senate president during OBJ presidency, issued a press statement declaring “Igbo will go to war if Abiola’s election is de-annulled”. Odumegwu Ojukwu’s opposition to Yoruba presidency was reported by the PM News of October 17, 1994 with a howling headline “Hang MKO Abiola, Ojukwu tells Abacha”.  Ojukwu later became Abacha’s ambassador to Europe to de-market MKO Abiola.

    If the federating ethnic nationalities have no faith in their country, it should not surprise anyone why their political representatives only think of what they can get out of Nigeria and not what they could do for Nigeria.

    For instance, all through the military era and up to 1999, there was a general consensus among Nigerians that NNPC had become a cesspool of corruption. Sanitising NNPC required our leaders political will, a virtue in deficit among our successive leaders.

    When the former CBN governor, Lamido Sanusi Lamido reported a possible disappearance of $20b not paid by NNPC into the federation account, during the leadership of Diezani Alison-Madueke as Minister of Petroleum Resources, who has since been indicted by both Britain and the US for money laundering, it was Sanusi that got fired by President Jonathan and replaced by an unqualified and incompetent Godwin Emefiele, a choice many argued was informed by ethnic consideration.

    As for the new breed politicians and new inheritors of power in Abuja, they made it clear it was time to recoup their expenses on the 1999 electoral battle. The PPPRA, with a staff strength of 249, supervised by an unwieldy board of 49, earning a whopping salaries and allowances of N57 billion per annum became an instrument through which N1.7 trillion was stolen according to a House of Representatives probe report.

    As for the governed, the policy was ‘if we cannot beat them, we join them”. As fortune seekers in a world of the survival of the fittest, we try to bribe our way into getting our children employed by NNPC which pays salaries that will make our doctors and university lecturers green with envy. And once we get our children into NNPC or the CBN, we keep quiet in order not to get choked.

    When it comes to treachery against Nigeria, we are all tarred with the same brush. That a part of a whole cannot be holier than the whole was clearly demonstrated during President Tinubu’s inaugural speech. The address brought out the Farouk in all of us in bold relief. He had hardly finished saying “subsidy is gone” when PMS disappeared from filling stations across the nation. And where they were available, PMS procured at less than N200 per litre was going for N700. Retail prices for pepper, tomatoes, beans, corn went up as much as 500% within two days. In agrarian Ekiti State where farmers had abandoned farming and waited for pepper and tomato to come from the north, chiefs had to go to the open market to chide market women for their greed.

    The difference between Farouk’s case and Abubakar Malami is that having seduced Buhari by adding his divorced daughter, a mother of four to his harem, Malami was beyond reproach. And this was despite his efforts to confer constitutional rights meant for Nigerians on cows and mischievous attempt to equate criminal Fulani herdsmen who forcefully took over reserve forests in the south with documented legitimate Igbo traders and urban immigrants in the north.

    Malami’s current travail stemmed from the Cable’s December 22, 2017 publication of his attempt to appoint two Nigerian lawyers, Oladipo Okpeseyi, a senior advocate, and Temitope Isaac Adebayo, lawyers to the defunct Congress for Progressive Change (CPC) at a cost of $16m to work on a job already completed by another lawyer. It was for this reason, it was claimed, Kemi Adeosun, in April 2018 as minister of finance, refused to approve the payment of $16.9 million in fees to the two lawyers for the “recovery”.

    Besides recovery of assets, the current investigation is said to also cover probe of several bank accounts allegedly linked to the former minister, as well as his multi-billion-naira investments in Kebbi State.

    I think this is important because Junaid Mohammed once described Malami as “Kano charge and bail lawyer” who opted to handle Buhari’s judicial cases, pro bono, at a time Buhari had no money to pay lawyers.

    But today  there is a trending video of Rayhaan Group of companies described as the biggest private conglomerate in Nigeria, consisting of a string of luxury hotels, largest rice milling factory in Africa, Rayhaan Academy and newly approved Rayhaan University  and Security Companies, all managed by 29 years old Malami’s son.

    While we all agree Nigeria has become an orphan repeatedly pillaged by leaders of ethnic nationalities, politicians, pastors, Imams etc., I think the ongoing search for sponsors of terrorism should not spare the likes of Abubakar Malami. He might have one or two things to say about sympathisers and sponsors of terrorism in view of his defence of their activities not just in the north but also in the ‘reserved forest’ of the south. In retrospect, when one looks back at Malami’s endless war with Rotimi Akeredolu, the late governor of Ondo State over the illegal take-over of his state’s reserved forest by criminal herdsmen. It will appear Malami was determined to export northern tragedy to the south.

  • Malami’s unbecoming attacks on EFCC

    Malami’s unbecoming attacks on EFCC

    By Stanley Ebube

    The recent public posturing and proxy attacks directed at the Economic and Financial Crimes Commission (EFCC) by former Attorney-General and Minister of Justice, Abubakar Malami, SAN, are profoundly troubling and entirely unbecoming of a man who once occupied the highest legal office in the land.

    Mr. Malami is not an ordinary citizen unfamiliar with the workings of law enforcement or the demands of due process. As Attorney-General of the Federation, he was the chief law officer of Nigeria, custodian of the rule of law, and supervisor – directly or indirectly – of the very institutions he now seeks to delegitimise because he has been invited for questioning.

    It is therefore disturbing that instead of honouring the terms of his bail and submitting himself to lawful investigation, Mr. Malami has chosen the path of public sympathy-seeking, insinuations, and indirect attacks on the EFCC and its leadership. This conduct raises serious questions about the respect he once claimed to have for institutions he is now defending.

    Even more concerning is the reported demand by Mr. Malami that the EFCC Chairman should recuse himself from the matter. Such a request, coming at this stage and under these circumstances, smacks of intimidation, forum shopping, and an attempt to bend institutions to personal convenience – tactics that undermine public confidence in the justice system.

    Mr. Malami knows – better than most Nigerians – that investigation is not persecution, that invitation is not conviction, and that no suspect reserves the right to dictate the composition of an investigative body simply because he once wielded power. The law does not recognise pedigree, former office, or seniority at the bar as shields against accountability.

    As Attorney-General, Mr. Malami presided over prosecutions, gave legal backing for arrests, and defended detentions under far less scrutiny. He cannot now turn around to question the legitimacy of the same processes simply because the searchlight has turned in his direction.

    Nigeria’s democracy rests on a sacred but straightforward principle: no one is above the law. Not ministers. Not senior advocates. Not former Attorneys-General. When powerful individuals attempt to weaken institutions through noise, proxies, or procedural gamesmanship, they do violence to that principle.

    Mr. Malami owes the nation, the legal profession, and his own legacy a better response, one grounded in humility, compliance with lawful authority, and respect for due process. If he believes in his innocence, the proper place to assert it is before investigators and the courts, not in the court of public opinion.

    Stanley Ebube, a public affairs analyst, wrote from Abuja.

  • EFCC searches Malami’s Abuja, Kebbi homes, offices

    EFCC searches Malami’s Abuja, Kebbi homes, offices

    Operatives of the Economic and Financial Crimes Commission (EFCC) yesterday searched the houses and offices of former Attorney-General of the Federation/ Minister of Justice, Mallam Abubakar Malami (SAN).

    The search was part of the ongoing investigation of the former AGF, who was still being detained by the agency. The one-time AGF has been battling to perfect his bail bond.

    According to a top source, the EFCC sent its operatives only to the suspect’s houses and offices for some documents.

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    The source said: “It was a routine search in some of the houses and offices in Abuja and Kebbi State based on credible intelligence.

    “We obtained lawful search warrant to enter the affected houses and offices because there are some items we are looking for.

    “The EFCC was not particular about the occupants of the houses. No individual was targeted. It is not true that the residence of the daughter of ex-President Muhammadu Buhari was targeted.

     “The operatives didn’t go to all the houses of Malami. Only few ones because of specific documents which will aid investigation.

    Responding to a question, the source added: “The operatives were in those houses and offices for a few hours. They did not seal up those places.”

    “He has not perfected his bail bond,” the source said.

  • Arewa youths to Malami: stop blaming presidency, EFCC, go to court if you are clean

    Arewa youths to Malami: stop blaming presidency, EFCC, go to court if you are clean

    The Arewa Youth Advocate for Equity and Justice has asked former Attorney General of the Federation and Minister of Justice, Abubakar Malami, to stop blaming the presidency or the Economic and Financial Crimes Commission (EFCC) for his current investigation. 

    The organisation asked the former AGF to go to court to prove his innocence. 

    While addressing reporters in Abuja, National President of the association, Sani Zangina, noted that it is on record that the detained SAN was granted administrative bail by the EFCC.

    Zangina said, “As a seasoned legal practitioner and one who has attained the peak of the legal profession, it is expected that a SAN clearly understands the appropriate legal channels for seeking redress instead of resorting to public propaganda and emotional appeals for his release, rather than approaching a competent court of law, is not only unnecessary but also unbecoming of the revered status of a Senior Advocate of Nigeria.

    “Where there is any dissatisfaction with the conditions of such bail, or the need for its variation, the court remains the proper and lawful avenue for redress. Forgetting the way to court in such circumstances sends a wrong signal to the public and portrays a level of disrespect to the rule of law and the legal profession.

    “This development should serve as a lesson to all Nigerians, particularly those who once wielded enormous institutional powers. Institutions that were previously answerable to certain offices and individuals must now be respected and allowed to carry out their lawful duties without intimidation or media pressure.

    “The Arewa Youth Advocate for Equity and Justice wishes to clearly state that we are not in any way defending the former Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, nor are we apologists for any member of the former cabinet of President Muhammadu Buhari. However, as consistent advocates of equity, justice, and due process, we strongly believe that the rule of law must prevail at all times.

    “We therefore advise the detained SAN to immediately approach a court of competent jurisdiction to seek his freedom, if indeed he believes he is entitled to such relief. The court, and not the media space, remains the ultimate arbiter in matters of liberty and justice.”

  • EFCC, Malami, ADC differ on bail for former AGF

    EFCC, Malami, ADC differ on bail for former AGF

    • Malami yet to meet bail requirements, says EFCC

    The Economic and Financial Crimes Commission (EFCC), yesterday, rejected claims  by the immediate past Justice Minister/Attorney-General of the Federation Abubakar Malami, that he was being witch hunted for political reasons.

    Malami was invited for questioning by the anti-graft agency last week for 18 alleged offences, including money laundering, abuse of office, and terrorism financing.

    He was later granted bail but remains in custody because, according to the EFCC, he is  yet to meet his bail conditions.

    Malami, in a statement on Friday by his special assistant on media, Mohammed Bello Doka, had alleged that his bail was revoked because of his attendance at a political gathering in his home state of Kebbi.

    He said he did not default on any bail requirements.

    “For the avoidance of doubt, Abubakar Malami (SAN) did not default on any bail condition. His bail was revoked by the EFCC following his attendance at a political gathering in Kebbi State, not because he failed or refused to comply with any lawful requirement,” Doka said.

    The EFCC yesterday dismissed  the claims as false.

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    It said: “administrative bail is a discretionary temporary reprieve that allows a suspect to be released on stated conditions pending conclusion of investigation and arraignment in court.

     “To this effect, after his brief interrogation on November 28, 2025, Malami was offered provisional bail hinged on five requirements. He has neither met any of the requirements nor shown readiness to keep faith with them.

    “He was due back for further interrogation on December 1, 2025 , but in a curious twist, the former Minister pleaded with his investigators through a letter written to the Commission on December 4, 2025, to allow him to attend to his ‘ill-health’.

    “The Commission compassionately granted his plea even while his bail conditions had not been met.

    “He was initially required to commence reporting for further investigations on December 1, 2025 but this had to be deferred to December 4, 2025 largely owing to his ‘Request for an Adjournment on Grounds of Ill- Health’.

    The anti-graft agency added that Malami neither provided a medical report nor credible proof of ill-health to the EFCC.

    The agency insisted that it could not “ allow the latitude granted the former Minister on his health stand in the way of investigations.”

    Continuing, it said: “on this score, he was invited again on December 8, 2025 for further interrogation and detained until the pending bail conditions are met.

    “Evidently, the former minister’s claims of revocation of bail by the EFCC are untenable. It is equally ridiculous to insinuate that the Commission barred him ‘from granting media interviews and from participating in political activities in Kebbi State’.

    “Such bogus claims from a former chief law officer of the nation are strange, as the EFCC has no interest in the political affiliation of its suspects. It bears reiterating that the Commission is apolitical. A former governor and ranking member of the ruling party was recently arraigned for alleged contract fraud.

    “The Commission wishes to advise Malami to expend his energy on meeting the five bail conditions he acknowledged and signed on November 28, 2025.

    “It would also serve his interest to cooperate with his team of interrogators rather than dissipate energy in whipping up sentiments through false claims in the media.”

     You’re witch hunting him, Atiku, ADC tell EFCC

    Malami’s political party the African Democratic Congress (ADC) and his ally, Alhaji Atiku Abubakar, yesterday, rallied to his defence, with both accusing the EFCC of witch hunting the former minister.

    National Publicity Secretary of the party, Mallam Bolaji Abdullahi, said the ADC was firmly with Malami and described the EFCC’s decision to withdraw his bail as politically motivated rather than a genuine act of law enforcement.

     The ADC said all available evidence showed that Malami did not breach any of the conditions attached to his initial bail.

    . It claimed that the revocation occurred shortly after the former SGF attended a political rally in Kebbi State where he is pursuing his governorship ambition.

     According to the party, the timing of the action created the impression that the EFCC’s move was intended to restrict Malami’s political activities instead of advancing the cause of justice.

     Atiku, in a separate statement , said the  anti-corruption institution  had abandoned its  core responsibilities and converted the anti-graft campaign into a “full-blown political witch-hunt.”

    He said the EFCC, and other agencies risked losing public confidence unless they “purge themselves of partisan contamination.”

  • ADC backs Malami, condemns EFCC’s revocation of bail

    ADC backs Malami, condemns EFCC’s revocation of bail

    The African Democratic Congress (ADC) has expressed full support for former Attorney General of the Federation (SGF), Mallam Abubakar Malami (SAN), affirming his innocence and constitutional rights following the Economic and Financial Crimes Commission’s (EFCC) revocation of his bail.

    In a statement on Saturday, ADC national publicity secretary, Mallam Bolaji Abdullahi, said the party stands firmly with Malami, describing the EFCC’s action as politically motivated rather than a genuine law enforcement measure.

    The party noted that all evidence indicates Malami did not breach any conditions of his initial bail and had fully cooperated with investigators. 

    ADC also raised concerns over the timing of the revocation, which followed Malami’s attendance at a political rally in Kebbi State, where he is seeking the governorship.

    “The timing of this action gives the impression that the EFCC’s move aims to limit Malami’s political activities rather than advance justice,” the party said.

    While reiterating support for anti-corruption efforts, ADC warned that selective investigations and the use of anti-graft agencies against political opponents undermine public confidence and weaken the credibility of the entire system. 

    The party emphasised that no government agency has the constitutional authority to suspend a citizen’s political rights or dictate where those rights can be exercised.

    Describing the politicisation of anti-corruption efforts as a form of corruption itself, ADC urged the EFCC to conduct impartial investigations and prosecutions. 

    The party demanded Malami’s immediate release on bail without conditions perceived to stifle his political ambitions, stressing that he must be presumed innocent until proven guilty by a competent court.

  • EFCC quizzes ex-AGF Malami over alleged terrorism financing

    EFCC quizzes ex-AGF Malami over alleged terrorism financing

    • ‘My public record unblemished’

    The immediate-past Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN) is undergoing interrogation by the Economic and Financial Crimes Commission (EFCC) over allegations of terrorism financing.

    He was still in custody as at 10pm last night, having failed to meet bail conditions.

    The ex-minister has been asked by the anti-graft agency to clear himself of issues relating to money laundering, especially operation of suspicious accounts.

    Malami has also been told to account for his investment of about N10 billion in Kebbi State, whereabouts of $322 million Abacha loot recovered from Swiss account and about $22 million from Island of Jersey.

    But the ex-AGF said his public record in office stands in direct contradiction to any insinuation of complicity in terrorism financing.

    A top EFCC source said the allegations against Malami were many and will therefore require some days to go through.

    The source said: “We have detained the ex-minister for terrorism financing and the whereabouts of Abacha loot recovered from Switzerland and Island of Jersey in the UK.

    “His sudden investment of N10 billion in Kebbi State is under investigation. We may attach some of these assets.

    “We are likely to interrogate one of his wives on her role on N4 billion Anchor Borrowers cash advanced by the Central Bank of Nigeria (CBN).

    “He has a lot to clarify, but he has not been able to meet bail conditions.”

    Malami has rejected allegations of terrorism financing.

     He cited his key roles in Nigeria’s AML/CFT Reforms and FATF Grey-List exit to dismiss the terrorism financing insinuations.

    In a statement on X, Malami said: “My attention has been drawn to a recent publication in which my name was mentioned in connection with allegations of terrorism financing and so-called “links” to persons described as terror suspects or alleged financiers.

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    “I consider it necessary, in the interest of truth, justice and public record, to make the following clarifications.

    “First, I state clearly and unequivocally that I have never at any time been accused, invited, interrogated, investigated or charged by any security, law-enforcement, regulatory or intelligence agency—within or outside Nigeria—in respect of terrorism financing or any related offence.

    “Secondly, even the retired military officer cited as the principal source in the said publication categorically admitted that he was not accusing me, or other named individuals of financing terrorism.

    “His own account, as reported, was limited to a vague assertion that certain suspects allegedly had some form of “business” or “institutional” relationship with various persons.

    “That important clarification was, unfortunately, overshadowed by a headline and framing capable of misleading well-meaning members of the public into drawing inaccurate and damaging conclusions which was unfortunately politically manipulated by my political opponents to create mischievous insinuations implying my involvement in terrorism financing.

    “Terrorism financing is a grave crime with devastating consequences for national security and human life. Any attempt—whether by direct allegation or indirect innuendo—to associate an individual with such an offence must be grounded in verifiable facts, due process, and lawful findings, not in conjecture, speculation, or guilt by association. To suggest that lawful professional or institutional engagements can, without more, be read as evidence of terrorism financing is both mischievous and unjust.

    “For the avoidance of doubt, my public record in office stands in direct contradiction to any insinuation of complicity in terrorism financing. During my tenure as Attorney-General of the Federation and Minister of Justice, I worked with other arms of government and relevant institutions to strengthen—not weaken—Nigeria’s legal and institutional framework against money laundering and the financing of terrorism.”

  • BREAKING: EFCC detains Malami over alleged terrorism financing

    BREAKING: EFCC detains Malami over alleged terrorism financing

    The Economic and Financial Crimes Commission (EFCC) has detained a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN) for alleged terrorism financing.

    The ex-Minister is also to explain issues relating to money laundering, especially operation of suspicious accounts.

    Malami has been asked to account for his investment of about N10billion in Kebbi State, whereabouts of $322million Abacha loot recovered from Swiss account and about $22million from Island of Jersey in the UK.

    The EFCC was holding on to Malami as at 10pm on Tuesday because he has not been able to meet his bail conditions.

    But the ex-AGF said his public record in office stands in direct contradiction to any insinuation of complicity in terrorism financing.

    A top EFCC source said the allegations against Malami were many which will require some days to go through.

    The source said:”We have detained the ex-Minister for terrorism financing and the whereabouts of Abacha loot recovered from Switzerland and Island of Jersey in the UK.

    “His sudden wealth of N10billion investments in Kebbi State are under investigation. We may attach some of these assets.

    “We are likely to interrogate one of his wives on her role on N4billion Anchor Borrowers cash advanced by the Central Bank of Nigeria (CBN).

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    “He has a lot to clarify but he has not been able to meet bail conditions. He might be with us until he fulfils these.”

    But Malami has rejected allegations of terrorism financing.

     He cited his key roles in Nigeria’s AML/CFT Reforms and FATF Grey-List exit to dismiss the terrorism financing insinuations.

    In a statement on X, Malami said: “My attention has been drawn to a recent publication in which my name was mentioned in connection with allegations of terrorism financing and so-called “links” to persons described as terror suspects or alleged financiers.

    “I consider it necessary, in the interest of truth, justice and public record, to make the following clarifications.

    “First, I state clearly and unequivocally that I have never at any time been accused, invited, interrogated, investigated or charged by any security, law-enforcement, regulatory or intelligence agency—within or outside Nigeria—in respect of terrorism financing or any related offence.

    “Secondly, even the retired military officer cited as the principal source in the said publication categorically admitted that he was not accusing me, or other named individuals, of financing terrorism.

    ” His own account, as reported, was limited to a vague assertion that certain suspects allegedly had some form of “business” or “institutional” relationship with various persons.

    ” That important clarification was, unfortunately, overshadowed by a headline and framing capable of misleading well-meaning members of the public into drawing inaccurate and damaging conclusions which was unfortunately politically manipulated by my political opponents to create mischievous insinuations implying my involvement in terrorism financing.

    “Terrorism financing is a grave crime with devastating consequences for national security and human life. Any attempt—whether by direct allegation or indirect innuendo—to associate an individual with such an offence must be grounded in verifiable facts, due process and lawful findings, not in conjecture, speculation, or guilt by association. To suggest that lawful professional or institutional engagements can, without more, be read as evidence of terrorism financing is both mischievous and unjust.

    “For the avoidance of doubt, my public record in office stands in direct contradiction to any insinuation of complicity in terrorism financing. During my tenure as Attorney-General of the Federation and Minister of Justice, I worked with other arms of government and relevant institutions to strengthen—not weaken—Nigeria’s legal and institutional framework against money laundering and the financing of terrorism.

    “Among other efforts:

    ●The Federal Government, through collaborative work involving the Federal Ministry of Justice, the National Assembly and other stakeholders, established an independent Nigerian Financial Intelligence Unit (NFIU) by law, in order to meet global standards on operational autonomy and to restore Nigeria’s standing within the international financial-intelligence community.

    ●We supported and saw to the enactment of the Money Laundering (Prevention and Prohibition) Act, 2022, which repealed the older Money Laundering (Prohibition) Act and provided a more comprehensive and stringent framework for combating money laundering and related offences, including those that may underpin terrorism financing.

    ●We similarly worked on the passage and implementation of the Terrorism (Prevention and Prohibition) Act, 2022, which strengthened Nigeria’s legal regime against terrorism, updated offences and penalties, and reinforced provisions dealing specifically with the financing of terrorism in line with international standards and United Nations obligations.

    ●In furtherance of these laws, my office cooperated closely with key domestic institutions—such as the NFIU, the Central Bank of Nigeria, law-enforcement and regulatory agencies—and with international partners, to improve coordination, information-sharing and compliance across the anti-money-laundering and counter-terrorism-financing (AML/CFT) architecture.”

  • EFCC opens month-long probe into Malami’s assets

    EFCC opens month-long probe into Malami’s assets

    • Ex-AGF opens up on $322.5m Abacha loot

    • Operatives begin month-long grilling

    The Economic and Financial Crimes Commission (EFCC) yesterday began a month-long interrogation of a immediate past Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN).

    The probe centres on the disbursement of the loot recovered from a former Head of State, the late Gen. Sani Abacha, suspected money laundering and the ex-minister’s assets, it was learnt.

    His international passport remained in the custody of the EFCC.

    A confident Malami insisted that the Abacha loot in question was not $400million but $322.5million.

    He said there was no abuse of office or money laundering in relation to the $322.5million.

    A top source in the EFCC said apart from the Abacha loot, the anti-graft commission was going to probe “acquisition of choice assets by Malami and investigate him for money laundering.”

    The source said: “In line with the mandate in Section 7 of the EFCC Act, we are going to look at some of the assets acquired by Malami. Some of these choice assets have been issues in the public domain.

    “All he needs to do is to explain how he came about these assets. Once there are reasonable grounds for acquiring them, we have no reason to seize such.

    “Already we are profiling the relationship between Malami and some accounts for money laundering.”

    “Section 7 of the EFCC Act 2004 is about Special powers of the Commission.

    It says: “(1) The Commission has power to – Special powers of the

    (a) cause investigations to be conducted as to whether any person, corporate commission, body or organization has committed any offence under this Act or other law relating to economic and financial crimes

    (b) cause investigations to be conducted into the properties of any person if it appears to the commission that the person’s lifestyle and extent of the properties are not justified by his source of income;

    “(2) The Commission is charged with the responsibility of enforcing the provisions of –

    (a) the Money Laundering Act 2004; 2003 No.7 1995 N0. 13

    (b) the Advance Fee Fraud and Other Fraud Related Offences Act 1995;

    “(c) the Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Act 1994, as amended;

    (d) The Banks and other Financial Institutions Act 1991, as amended; and

    (e) Miscellaneous Offences Act

    “(f) Any other law or regulations relating to economic and financial crimes, including the Criminal code or penal code.”

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    In a statement on X through his Special Assistant on Media, Mohammed Bello Doka, the former Minister of Justice only explained what transpired between him and the EFCC on Abacha loot.

    He said he was confident that “… truth, law and reason will ultimately prevail.”

    The statement said: “I have assured my friends, associates and political allies that I will formally brief them on issues arising from my invitation by the Economic and Financial Crimes Commission (EFCC) on the 28th of November 2025.

    “The EFCC informed me that its inquiry relates to an alleged duplication in the recovery of the $310 million Abacha loot, which by accrual of interest rose to about $322.5million as at the time I eventually succeeded in recovering the funds for the federal Government and, flowing from that assumption, two allegations were majorly raised, namely:

    ● Abuse of office, and

    ● Money laundering.

    “My response is clear and unequivocal: these allegations are baseless, illogical and wholly devoid of substance.

    “The EFCC’s position, as conveyed to me, is that upon my assumption of office as Attorney-General of the Federation in 2015, the recovery of the said funds had allegedly already been completed by a Swiss lawyer, Mr. Enrico Monfrini.

    “On that basis, it is alleged that I merely duplicated an already concluded recovery process in order to introduce other lawyers who would, in turn, give me kickbacks.

    “This allegation collapses immediately when subjected to facts and elementary logic. The facts, mostly documented, were referred to in my response to the interrogatories raised by the commission.

    “It is trite to state from the onset that recovery of illicit funds can legally be said to have been completed upon the actual lodgement of recovered funds into the Federation Account.

    “As at 2016, when the Buhari administration initiated the process relating to the said $310 million (later $322.5 million with interest), there was no lodgement of any such funds into the Federation Account. There was therefore no completed recovery in existence, and nothing whatsoever to duplicate.

    “More instructive and revealing is the undisputed fact that in December 2016, several lawyers applied to be engaged for the recovery of these same funds — Mr. Monfrini himself included. It is entirely illogical for a lawyer to apply in December 2016 to be engaged to recover funds he purportedly recovered two years earlier. That singular fact exposes the internal contradiction and absurdity of the EFCC’s narrative.

    “In his application, Mr. Monfrini demanded for upfront on account deposit of $5 million and a success fee of 40 per cent of the recovered sum, which reconsideration was unilaterally reduced to 20% upon realizing the impossibility of the 40% demand flying.

    “These terms were rightly rejected in line with the clear policy of the Buhari administration that no “on account” deposits would be paid to recovery agents and that success fees must not exceed 5 percent of recovered assets.

    “Consequently, a Nigerian Law firm was engaged on a transparent, all-inclusive 5 percent success fee basis, with no advance on account deposit. By this decision, Nigeria was saved at least 15 percent of the recovered assets when compared to Mr. Monfrini’s 20 percent demand, and as much as 35 per cent when placed against his earlier proposals. Nigeria was also saved the upfront and unjustifiable $5 million deposit demanded by Mr. Monfrini.

    “At an average exchange rate of N1,600 to the dollar, a 15 percent saving on $320 million amounts to approximately N76.8 billion, while a 35 percent saving translates to about N179.2 billion. These are concrete, measurable benefits to the Nigerian state.

    “Accordingly, any claim or investigation suggesting abuse of office or money laundering in relation to the $322.5million is not rooted in any reasonable ground for suspicion. It is neither supported by facts nor by logic.

    “The constitutional discretion of the Honourable Attorney-General of the Federation in matters of recovery of illicit funds is exercised strictly in the public interest and in the interest of justice.

    “In the circumstances of this case, that discretion was exercised transparently and responsibly, saving Nigeria between 15 percent and 35 percent of the recovered assets and avoiding unlawful or unaccounted expenditures.

    “For avoidance of doubt, there were distinct tranches of Abacha loot recovered by Malami as Attorney General of the federation, namely:

       ●The $322.5 million repatriated from Switzerland in 2017–2018 was deployed through the National Social Investment Programme, specifically Conditional Cash Transfers to the poorest Nigerians, which deployment was monitored by the world bank and civil society organizations out of commitment of the Buhari’s Government to entrench transparency and accountability

       ● Malami was again instrumental to the recovery of another tranche of about $321 million repatriated in 2020 from the Island of Jersey, with United States and Swiss involvement, that was earmarked for major infrastructure projects including the Lagos–Ibadan Expressway, Abuja–Kano Road and the Second Niger Bridge, under project-based monitoring arrangements.

    “Any attempt to conflate these distinct recoveries or to portray a lawful, cost-saving recovery process as duplication is misleading.

    “I sincerely thank my friends, family members, political associates and followers across the country for their unwavering support, encouragement and confidence.

    “ I assure you that together we shall continue to stand firm, and together we shall triumph against every form of political witch-hunt and intimidation.

    “In conclusion, the allegations of money laundering and abuse of office concerning the $322.5 million Abacha loot remain baseless, illogical and entirely devoid of substance.

    “I remain confident that truth, law and reason will ultimately prevail.”

  • EFCC seizes Malami’s passport, demands account for $400m Abacha loot

    EFCC seizes Malami’s passport, demands account for $400m Abacha loot

    • Now to report daily for one month from Monday

    • Allegations against me fabricated, says ex-AGF

    The Economic and Financial Crimes Commission (EFCC) yesterday seized the international passport of a former Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN.

    The seizure was part of the ongoing investigation of the whereabouts of $490 million Abacha loot secured through Mutual Legal Assistance (MLAT).

    Malami cannot travel out of the country in the next one month because the condition for his release at 1am on Saturday was for him to report daily for interaction in EFCC headquarters in Abuja.

    But Malami, who said the allegations against him were fabricated, said the truth will unfold soon.

    According to the fact-sheet on Malami, he has many issues to clarify with the EFCC in the next one month.

    “We have asked him to explain the whereabouts of $490 million Abacha loot secured through Mutual Legal Assistance (MLAT).

    “We didn’t say he stole money, but he should account for the loot. This is one of the issues he will clarify to our investigators.

    “Considering the huge volumes of documents he has to go through and the detectives he needs to interact with, we have seized his international passport.

    “One of the conditions for his release on bail at 1am on Saturday was that he should report daily to the EFCC headquarters for interaction.

    “He cannot travel out of the country except as mutually agreed with EFCC or with the permission of a High Court.

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    “We won’t join issues with him on his braggadocio but we will release our findings to the public after painstaking investigation.”

    Reacting on his X handle, Malami said the allegations against him were fabricated.

    Although he said the truth will soon unfold, he was silent on the seizure of his international passport.

    He said: “In line with my undertaking to keep Nigerians updated on my invitation by EFCC, I give glory to Allah for His divine intervention.

    “The engagement was successful, and I am eventually released while on an appointment for further engagement as the truth relating to the fabricated allegations against me continues to unfold.”