Malami Spends Another Night In EFCC Custody Over ‘Terrorism Financing, Money Laundering’

Abubakar Malami, former attorney-general and minister of justice, is currently being held by the Economic and Financial Crimes Commission (EFCC).

He is under investigation for 18 alleged offences, including money laundering, abuse of office, and financing terrorism.

The EFCC is reported to have obtained a remand order for his detention.

According to TheCable, sources familiar with the case said that Malami has not been able to explain the recovery of $346.2 million Abacha loot from Switzerland or funds traced to the Island of Jersey.

The probe also covered the handling of N4 billion from the Central Bank of Nigeria’s Anchor Borrowers’ Programme, as well as a suspected N10 billion investment in schools, hotels, and rice mills in Kebbi State.

It was gathered that Abubakar Malami failed to meet his bail conditions by 11 p.m. on Tuesday, forcing him to spend a second night in EFCC custody.

An associate said Malami had been called in for questioning on Monday but arrived late, leading to an overnight stay as he continued to answer investigators’ questions.

The EFCC is reportedly probing 46 bank accounts linked to Malami, which form a significant part of the investigation.

EFCC spokesperson Dele Oyewale declined to comment when contacted on Wednesday.

In November 2025, Abubakar Malami announced his plan to run for governor of Kebbi State in 2027, after leaving the All Progressives Congress (APC) to join the African Democratic Congress (ADC).