The Economic and Financial Crimes Commission on Tuesday detained former Attorney-General of the Federation Abubakar Malami after hours of questioning over multiple corruption and terrorism financing allegations.
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The former minister is facing an investigation tied to money laundering, suspicious accounts, and financial transactions traced to his time in office.
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The probe covers several high-profile issues, including a reported N10 billion investment linked to him in Kebbi State and unanswered questions surrounding recovered Abacha loot. Investigators are also reviewing the handling of $322 million returned from Switzerland and another $22 million recovered from Jersey in the United Kingdom.
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According to officials familiar with the probe, Malami remained in EFCC custody late Tuesday after failing to meet his bail conditions. Investigators listed a long line of allegations, ranging from abuse of office to terrorism financing, and indicated that more inquiries involving his family members may follow as the case deepens.
Sources within the commission said the investigation could lead to asset seizures depending on the findings. They added that funds tied to the CBN Anchor Borrowers Programme and other financial trails are also being examined. Malami, they noted, still has several issues to clarify before the commission.
The former minister has rejected the claims, insisting they do not reflect his service record. In a response shared on social media, he argued that he played central roles in Nigeria’s anti-money laundering reforms and denied ever being questioned or accused of involvement in terrorism financing in any jurisdiction.
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