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Court grants ex-AGF Malami, son, wife N200m bail in N8.7bn money laundering case
Former Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, has been granted bail of N200 million by Justice Joyce Abdulmalik of the Federal High Court in Abuja.
The bail, granted pending trial, covers money laundering charges amounting to N8.7 billion brought against him by the federal government.
Malami and his co-defendants are required to provide two sureties each for the same amount. The court also specified that the sureties must own developed landed properties in Abuja’s Maitama or Asokoro districts.
The documents of the properties are to be verified by the Deputy Chief Registrar of the Court while the sureties are also to depose to affidavit of means.
The three defendants are to deposit their travelling documents with the Court and must not travel out of the country without the permission of the court.
The defendants and their sureties were also ordered to deposit their two recent passport photograph with the court.
Meanwhile, Malami and his son have been ordered to be remanded in Kuje prison while his wife is to be taken to Suleja prison in Niger State pending the perfection of their bail conditions.
At the time of this report, associates, friends and sympathizers of the former Minister of Justice have been moving round to secure bail for the defendants.
Meanwhile, Justice Abdulmalik has fixed March 16 for commencement of trial of the corruption charges.
The bail applications were argued by Joseph Daudu SAN on behalf of the three defendants.
Jibrin Okutepa SAN who stood for the Economic and Financial Crimes Commission, EFCC, did not oppose the bail request.
Justice Emeka Nwite also of the Federal High Court in Abuja had as a vacation Judge admitted the former AGF to bail in the sum of N500m but the matter started afresh with Justice Abdulmalik.
The Economic and Financial Crimes Commission, EFCC, filed a 16-count money laundering charge against Malami, his son and his wife.
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