Breaking: Court Sets Jan 7 for Decision on Malami’s Bail — What to Expect

 Abubakar Malami, a Senior Advocate of Nigeria, his son Abdulaziz, and one of his wives, Bashir Asabe, are on trial for alleged money laundering charges brought against them by the Economic and Financial Crimes Commission.

A Federal High Court in Abuja has scheduled a hearing on January 7 for former Attorney General of the Federation and Minister of Justice Abubakar Malami's bail application stemming from alleged money laundering.

Malami has been remanded at Kuje Correctional Centre.

The Senior Advocate of Nigeria, his son Abdulaziz, and one of his wives, Bashir Asabe, are on trial for a 16-count indictment brought against them by the Economic and Financial Crimes Commission.

The trio accused of laundering ₦8.7 billion pleaded not guilty during their arraignment on December 29, 2025.

Following their not guilty plea, Justice Emeka Nwite ordered their remand to Kuje Correctional Centre until January 2, 2026, when their written bail application will be presented by his legal team.

The defendants were charged with conspiring to conceal, disguise, and retain proceeds from criminal acts under FHC/ABJ/CR/700/2025.

According to the indictment, they obtained the criminal monies indirectly through several bank accounts, company companies, and high-value real estate purchases during a nearly ten-year period.

According to the charge sheet, the alleged offences occurred between 2015 and 2025, mostly in the Federal Capital Territory of Abuja, during Malami's tenure as Attorney-General.

They were also accused of depositing a another ₦600 million from September 2020 to February 2021.

The properties in question include a luxury duplex on Amazon Street, Maitama, purchased for ₦500 million; a home on Onitsha Crescent, Garki, bought for ₦700 million; and one in Jabi District for ₦850 million.

Additional acquisitions include real estate on Rhine Street, Maitama (₦430 million), Asokoro District (₦210 million and ₦325 million), and Efab Estate, Gwarimpa (₦120 million).

The EFCC accuses Malami of illegally acquiring properties in Abuja, Kano, and Birnin Kebbi worth ₦952 million between 2018 and 2023.

The deals were allegedly conducted using proxies and other organizations to conceal ownership.

The commission said that the suspected conduct violated the provisions of the Money Laundering (Prohibition) Act of 2011 (as modified) and the Money Laundering (Prevention and Prohibition) Act of 2022.