The Economic and Financial Crimes Commission (EFCC) has detained former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), over allegations of terrorism financing and money laundering.
According to the report, Malami is being questioned on several financial issues, including the operation of suspicious accounts, an alleged ₦10 billion investment traced to Kebbi State, and the whereabouts of the recovered $322 million Abacha loot from Switzerland as well as another $22 million reportedly recovered from the Island of Jersey in the United Kingdom.
Sources say the former minister remained in EFCC custody as of 10 p.m. on Tuesday after failing to meet his bail conditions.
Malami, however, denied any wrongdoing, insisting that his record in public office contradicts any suggestion of involvement in terrorism financing.
