The Economic and Financial Crimes Commission (EFCC) has filed a 16-count charge against former Attorney-General of the Federation (AGF) Abubakar Malami and his son, Abdulaziz Malami, over allegations of money laundering involving N8.7 billion. The charges, lodged before the Federal High Court in Abuja, include conspiracy, money laundering, and illegal concealment of funds.
Investigations by the EFCC revealed that the duo allegedly laundered the funds through various channels, including the acquisition of 41 properties valued at over N212 billion.
These properties, traced to Malami, span multiple locations and are believed to have been purchased with illicit proceeds. The anti-graft agency initiated the probe following intelligence reports on suspicious financial activities linked to the former minister's tenure.
EFCC Chairman Ola Olukoyede stated, "This action underscores our unwavering commitment to combating corruption at all levels. No individual is above the law, and we will pursue every lead to recover stolen assets for the Nigerian people."
The defendants are expected to appear in court for arraignment in the coming days. If convicted, they face severe penalties under the Money Laundering (Prevention and Prohibition) Act, 2022.