Federal High Court Grants ₦200 Million Bail Each to Ex-AGF Abubakar Malami, Wife & Son in Money Laundering Trial

A Federal High Court in Abuja presided over by Justice Joyce Abdulmalik has admitted former Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), his wife Hajia Asabe Bashir, and their son Abdulaziz Malami to bail in the sum of ₦200 million each in the ongoing money laundering and financial crimes trial brought by the Economic and Financial Crimes Commission (EFCC).

Delivering the ruling on Friday, March 6, 2026, the court imposed the following strict conditions: Each defendant must provide two sureties in like sum (₦200 million each), One of the sureties must submit title documents of landed property situated in either Maitama or Asokoro two of Abuja’s most exclusive districts, All defendants must deposit their international passports with the court registry pending the conclusion of the trial and The defendants shall remain in the custody of the Nigerian Correctional Service until all bail conditions are fully satisfied why The court subsequently adjourned the matter to March 16, 2026, for the commencement of full trial proceedings.

Malami, who served as Nigeria’s chief law officer from 2015 to 2023 under former President Muhammadu Buhari, is facing a 16-count charge bordering on money laundering, retention of proceeds of crime, and related financial offences. The EFCC alleges the defendants concealed and utilised approximately ₦9 billion in illicit funds through various corporate entities and property acquisitions across Abuja, Kebbi, and Kano states.

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The defendants pleaded not guilty when the charge was read to them. The ruling follows multiple adjournments, reassignments of the case, and earlier periods of detention by both the EFCC and ICPC.

This ruling covers only the bail application in the EFCC money laundering charge. Malami and his son are also facing a separate five-count charge of terrorism financing and illegal firearms possession filed by the Department of State Services (DSS), which remains pending.

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DDNewsOnline – Lagos
By Ogungbayi Beedee Adeyemi
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