Former attorney general Abubakar Malami is at the centre of a major corruption probe after investigators linked much of his wealth to public funds handled while he was in office under former president Muhammadu Buhari.
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The Economic and Financial Crimes Commission uncovered properties worth over N200 billion allegedly acquired between 2015 and 2023, leading to Malami’s detention ahead of his arraignment at a federal high court in Abuja.
Findings point to Paris Club refund payments to states as one major source. As attorney general, Malami backed deductions from state allocations to pay consultants, a move that sparked strong resistance from governors who later accused him of acting in private interest.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
Another trail leads to the Central Bank’s Anchor Borrowers Programme. Investigators say a N4 billion loan was taken in the name of one of Malami’s wives under the scheme and was never repaid. The loan is now part of the charges before the court.
The probe also focuses on the return of Abacha loot. Despite recovery fees already paid to foreign lawyers before 2015, Malami approved fresh payments to local lawyers from recovered funds, costing Nigeria millions of dollars. Investigators allege parts of those payments were routed back to him.
Malami has denied all claims, describing the case as political persecution. His media team says he will challenge the allegations in court as investigations continue into the assets and transactions linked to his time in office.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
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