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BREAKING: Court grants Malami, wife, son N500m bail in alleged money laundering case
Abubakar Malami, former attorney-general of the federation, has been granted bail in the sum of N500 million by a Federal High Court sitting in Abuja.
The ruling was delivered on Wednesday by Justice Emeka Nwite, who also granted bail to Malami’s son, Abubakar Abdulaziz Malami, and his wife, Bashir Asabe, in the same sum of N500 million each.
As part of the bail conditions, the court ordered that each of the defendants must provide two sureties in like sum. The sureties are required to own landed property within Asokoro, Maitama or Gwarimpa areas of the Federal Capital Territory.
The Economic and Financial Crimes Commission had arraigned Malami over allegations bordering on money laundering involving the sum of N8,713,923,759.49.
All defendants pleaded not guilty to the charge before the presiding judge.
The EFCC had also linked property worth N212 billion to Malami.
On December 30, 2025, the court ordered the remand of the defendants in the Kuje Correctional Centre pending the hearing and determination of their bail application.
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