The Federal High Court in Abuja has fixed January 7 to deliver its ruling on the bail applications filed by former Attorney-General of the Federation, Abubakar Malami (SAN), his wife, Bashir Asabe, and their son, Abubakar Abdulaziz.
Justice Emeka Nwite adjourned for ruling after counsel to the defence, Joseph Daudu (SAN), and counsel for the Economic and Financial Crimes Commission (EFCC), Ekele Iheanacho (SAN), adopted their written addresses and advanced arguments before the court.
The defendants are standing trial in a charge marked FHC/ABJ/CR/700/2025, in which the EFCC listed Malami, his wife and son as the first, second and third defendants in an alleged money laundering case.
According to the anti-graft agency, the defendants are accused of carrying out suspicious financial transactions and attempting to conceal the alleged unlawful origin of billions of naira through multiple bank accounts and property acquisitions in Abuja, Kano and Kebbi states.
The EFCC alleged that the offences were committed between 2015 and 2025, a period that covers Malami’s tenure as Attorney-General of the Federation under the administration of late former President Muhammadu Buhari.
The Commission further alleged that Malami, his wife and son conspired to disguise the source of funds, acquire properties through indirect means and retain sums they allegedly knew to be proceeds of unlawful activities, contrary to the provisions of the Money Laundering (Prohibition and Prevention) Acts of 2011 (as amended) and 2022.
