Court admits banking documents in Malami money laundering case
A Federal High Court in Abuja has admitted nine banking documents in the ongoing money laundering trial involving Abubakar Malami (SAN), his wife Hajia Bashir Asabe, and son Abdulaziz Malami. The documents were presented by the Economic and Financial Crimes Commission through a compliance officer from Zenith Bank. The court overruled objections from the defence and accepted the documents as evidence. The trial is based on allegations of laundering over N8.7 billion linked to various accounts and companies.
What we know
- The court admitted nine documentary exhibits, dated between July 19, 2024, and March 12, 2026, as Exhibits D1 to D9.
- The prosecution alleges offences under the Money Laundering (Prevention and Prohibition) Act, 2022, involving over N8.7 billion.
- The documents include account statements and opening forms for accounts linked to Abubakar Malami, A.A. Malami & Co, and several companies.
- Notable transactions include a credit of N194,791,608 from New Horizons Limited on November 11, 2020, and multiple large inflows in 2022 from Rayhaan Hotels Limited and Rayhaan Bustan Agro Allied Limited.
- Justice Abdulmalik adjourned the trial to May 13, 2026, to allow the defence to review the exhibits and prepare for cross-examination.
