The Digest: Former Attorney-General of the Federation Abubakar Malami is spending a second night in the custody of the Economic and Financial Crimes Commission, facing investigations into 18 alleged offences, including terrorism financing, money laundering, and abuse of office. The probe centres on the mismanagement of recovered Abacha loot, Anchor Borrowers' Programme funds, and multiple multi-billion-naira transactions during his tenure.
Key Points:
- Malami is being held on an EFCC remand order over 18 alleged offences
- Key allegations include terrorism financing, money laundering, and abuse of office
- He is being questioned over $346.2 million in recovered Abacha loot from Switzerland and Jersey
- Investigations also cover N4 billion in Anchor Borrowers’ Programme funds and N10 billion in personal investments
- 46 bank accounts linked to Malami are under scrutiny by the anti-graft agency
- He failed to meet bail conditions as of Tuesday night, extending his detention
- Malami recently declared his intention to run for Kebbi governor in 2027 under the ADC
Sources: The Cable, EFCC Sources
