Malami, family get bail in EFCC money laundering case
Three members of Abubakar Malami's family have been granted bail by a Federal High Court in Abuja. The court is hearing a 16-count charge against Malami, his wife, and their son over alleged N9 billion money laundering. The Economic and Financial Crimes Commission (EFCC) called its first witness, who provided details about loan transactions involving Rayham Hotel Limited and Metropolitan Autotech. The judge set bail conditions and adjourned the trial for further proceedings.
What we know
- Abubakar Malami, his wife, and son are standing trial on a 16-count charge of alleged money laundering before the EFCC.
- The EFCC’s first witness, David Ajoma, testified that on December 2, 2025, Sterling Bank received a request from the EFCC about Rayham Hotel Limited’s loan facilities.
- Ajoma stated that none of the reviewed transactions originated from government accounts or from Malami personally, and no suspicious activity was found.
- Justice Joyce Abdulmalik granted bail to all three defendants in the sum of N200m each, with two sureties in like sum and other conditions.
- The case was adjourned till March 16 for continuation of trial.
