Ex-AGF Malami, son arraigned on N8.7bn money laundering charges, plead not guilty
Former Attorney-General of the Federation Abubakar Malami (SAN) and his son have been arraigned by the EFCC on 16 counts of alleged money laundering running into about N8.7bn, with both pleading not guilty before the Federal High Court in Abuja. The charges allege they used companies like Metropolitan Auto Tech Ltd, Rayhaan Hotels Ltd and Meethaq Hotels Ltd to conceal the illicit origin of funds and acquire properties across Abuja, Kano and Kebbi between 2015 and 2025. Prosecutors say over N1.01bn was allegedly hidden in a Sterling Bank account between July 2022 and June 2025, with another N600m used as collateral for a N500m bank loan to Rayhaan Hotels in 2021. Further counts accuse them of disguising N500m used to buy a Maitama luxury duplex and controlling over N1.04bn and N1.36bn through Meethaq Hotels’ Union Bank account, allegedly knowing the […]