The Digest:
A Federal High Court in Abuja has admitted nine exhibits against former Attorney-General of the Federation Abubakar Malami, his wife, Hajia Bashir Asabe, and his son Abubakar Abdulaziz Malami in an ongoing money laundering trial. The Economic and Financial Crimes Commission (EFCC) is prosecuting the defendants on an amended 16-count charge bordering on conspiracy and laundering proceeds of unlawful activities totalling N8.7 billion. The exhibits, tendered through a Zenith Bank compliance officer, include account documents linked to the defendants and associated companies.
Key Points:
- The accounts received billions in transfers from companies linked to the defendants.
- Transactions included N194.8m from New Horizons Limited and N622.5m from Rayhaan Bustan Agro Allied Limited.
- The accounts also received N250m twice from Rayhaan Hotels Limited and N500m from Rayhaan Bustan Agro Allied Limited.
- The trial has been adjourned to May 13, 2026, for continuation.
- The exhibits cover account activity from 2012 to 2023.
Sources: Daily Post, Tribune
