News
BREAKING: Court admits nine exhibits in N8.7bn money laundering trial Amagainst ex-AGF Malami, family
A Federal High Court in Abuja on Monday admitted nine documentary exhibits in the ongoing money laundering trial involving former Attorney-General of the Federation, Abubakar Malami, his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami.
The Economic and Financial Crimes Commission (EFCC) is prosecuting the defendants on an amended 16-count charge bordering on conspiracy, concealment, and laundering of alleged proceeds of unlawful activities totalling N8,713,923,759.49.
The documents were tendered through a Zenith Bank compliance officer, Mashelia Arhyel Bata, who testified as the prosecution’s fourth witness. He told the court that the bank responded to an EFCC request by providing account details, statements, and related banking records connected to the defendants and linked companies, including Rayhaan Hotels Limited, Rayhaan Bustan Agro Allied Limited, Nashab Limited, Golden Age Global Ventures, and Rahamaniyya Properties Limited.
The witness explained that the records included account opening documents and statements spanning several years, with some accounts active between 2015 and 2023. He also detailed transaction flows, including credits running into hundreds of millions of naira from various entities such as New Horizons Limited, Rayhaan Hotels Limited, and Rayhaan Bustan Agro Allied Limited.
Among the transactions highlighted were inflows of N194.7 million in November 2020, N622.5 million in June 2022, and two separate credits of N250 million in July 2022, as well as a N500 million inflow in December 2022.
After the prosecution closed its tendering of documents, defence counsel J. B. Daudu objected to aspects of the exhibits, but the court overruled the objection and admitted the documents as Exhibits D1 to D9.
The defence subsequently requested an adjournment to enable it to review the exhibits and prepare for cross-examination, a request the court granted.
Justice Joyce Abdulmalik adjourned the matter until May 13, 2026, for continuation of trial.
Follow Us on Google Discover
BREAKING: Oyinkansola Badejo-Okusanya elected 33rd NBA President
Mbappé makes history, Saka nets hat-trick as England clinch World Cup bronze with thrilling 6-4 victory over France
Gombe 2027: PDP aspirant withdraws court case, backs Pantami
Arabic Education should be integrated into national curriculum – Gov. Bala Mohammed
Obi/Kwankwaso ticket cannot win 2027 elections, NDC lone senator, Hanga says as he plots defection to APC
UNICAL moves to curb exam fraud, sacks eight staff, penalizes one
TCN announces power blackout in Yobe, Bauchi, Gombe, three other Northern states
Police nab eight suspected cultists over alleged assault on Bayelsa Varsity student
Tems makes history as first African female artist with US Diamond-certified single
Imo now one-party state, our people have decided to re-elect Tinubu in 2027, Says Uzodimma
Court sentences two men to death by hanging for raping, murdering 17-year-old girl in Anambra
Trump criticises Tuchel’s tactics after England’s World Cup exit to Argentina
NBA Presidential Poll: Badejo-Okusanya leads as voting continues after cyberattack delay
APC crisis deepens as Aiyedatiwa’s loyalists sue party, INEC over Ondo primaries
NUJ FCT Chairman Grace Ike wins Beacon of Education Award, pledges support for children with special needs
JUST IN: Three face trial over Oyo schoolchildren, teachers’ abduction
APC crisis deepens as Aiyedatiwa’s loyalists sue party, INEC over Ondo primaries
TCN announces power blackout in Yobe, Bauchi, Gombe, three other Northern states
Supreme Court directs final forfeiture of Emefiele’s properties
Court sentences two men to death by hanging for raping, murdering 17-year-old girl in Anambra
Mbappé makes history, Saka nets hat-trick as England clinch World Cup bronze with thrilling 6-4 victory over France
Imo now one-party state, our people have decided to re-elect Tinubu in 2027, Says Uzodimma
Obi/Kwankwaso ticket cannot win 2027 elections, NDC lone senator, Hanga says as he plots defection to APC
Court dismisses suit seeking INEC recognition of Turaki-led PDP interim NWC
He has lost control, has to resign – ADC ask NASS to probe Tinubu’s fitness
Tinubu signs executive order on virtual assets, establishes council to unify crypto operations
Arabic Education should be integrated into national curriculum – Gov. Bala Mohammed
Kano Senator Rufa’i Hanga meets Gov Yusuf, finalizes move to join APC
My husband suffering political prosecution – El-Rufai’s wife Asia reports husband’s detention to international community
