Former Attorney-General of the Federation, Abubakar Malami (SAN), has been released by the Economic and Financial Crimes Commission (EFCC) after several hours of questioning on Thursday. His visit to the Commission comes amid ongoing investigations into several financial dealings linked to his tenure in office.
According to reports, the EFCC is probing five major transactions that occurred during Malami’s time as the nation’s chief law officer. These include the controversial $496 million payment to Global Steel Holdings Ltd (GSHL) as compensation for the termination of the Ajaokuta Steel concession—despite the company reportedly waiving all claims nearly a decade earlier.
Investigators are also examining his involvement in the disposal of assets worth billions of naira previously forfeited to the government by politically exposed persons through EFCC processes.
Another area of scrutiny is the $419 million judgment debt awarded to consultants who claimed to have assisted in processing the Paris Club refund for state governments, a case that has long generated public concern.
Additionally, the EFCC is querying a contractual agreement that reportedly committed the Federal Government to pay $200 million to Sunrise Power over the disputed Mambilla power project.
The probe also covers allegations of duplicated legal fees in the repatriation of $321 million of the Abacha loot from Switzerland to Nigeria—transactions that raised questions about transparency and accountability at the time.
Malami has maintained that he is cooperating fully with investigators.
