Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), remains in the custody of the Economic and Financial Crimes Commission (EFCC).
His detention follows his failure to fulfill the stipulated conditions for his bail.
Malami is currently under investigation for 18 alleged offences, which include money laundering, abuse of office, and terrorism financing.
“We have detained him over terrorism financing and the whereabouts of Abacha loot recovered from Switzerland and the Island of Jersey in the UK,” an EFCC source said.
The agency is probing Malami’s role in the recovery of $346.2 million Abacha loot from Switzerland and funds from the Island of Jersey.
Persecondnews recalls that the EFCC had granted Malami bail, but he failed to meet the conditions, leading to his detention.
“He is presently in our custody. He was initially granted bail but did not meet the conditions. The offences against him are many,” the source said.
Malami has denied allegations of terrorism financing, stating that his public record contradicts any insinuation of complicity.
“For the avoidance of doubt, my public record in office stands in direct contradiction to any insinuation of complicity in terrorism financing,” he said.
The investigation involves 46 bank accounts allegedly linked to Malami, and the EFCC is also probing his N10 billion investments in Kebbi State.
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