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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.
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