EFCC Detains Former AGF Malami Over Unmet Bail Terms, 18-Count Probe Deepens

|By Adejumo Adekunle

The Economic and Financial Crimes Commission (EFCC) has detained former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, after he failed to meet bail conditions set by the agency.

Malami, who remained in EFCC custody until 10 p.m. on Tuesday, is currently being investigated for alleged money laundering, abuse of office, terrorism financing and the handling of suspicious accounts, according to sources within the commission.

An EFCC official disclosed that Malami must account for the management of recovered Abacha loot from Switzerland and the Island of Jersey, as well as transactions linked to terrorism funding. The source added that despite being granted bail earlier, the former minister did not satisfy the requirements.

“We arrested him for not meeting his bail conditions and he will remain in our custody until he meets those conditions. The offences against him are many,” the official stated.

The anti-graft agency has also directed Malami to report daily for interrogation throughout December as investigators continue to uncover more financial dealings connected to him.

“Presently, we are investigating him for 18 different offences. We cannot put a figure to the amount involved now because we keep uncovering some of the deals as we investigate,” the EFCC source added.a