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    Home»EFCC»Malami, Family Face ₦8.7bn Money Laundering Trial as EFCC Presents Bank Records
    EFCC

    Malami, Family Face ₦8.7bn Money Laundering Trial as EFCC Presents Bank Records

    Staff EditorBy Staff EditorMarch 17, 2026No Comments2 Mins Read
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    The trial of former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, his wife, Asabe Rakiya Bashir, and their son, Abubakar Abdulaziz Malami, resumed on Monday at the Federal High Court, Abuja, before Justice Joyce Abdulmalik.

    The Economic and Financial Crimes Commission (EFCC) is prosecuting the family on an amended 16-count charge, alleging conspiracy, procuring, disguising, concealing, and laundering proceeds of unlawful activities totaling ₦8,713,923,759.49, in violation of the Money Laundering (Prevention and Prohibition) Act, 2022.

    During Monday’s proceedings, EFCC counsel J.S. Okutepa, SAN, called Daniel Simon Kwayil, a Union Bank compliance officer, as Prosecution Witness Two (PW2). Kwayil testified that the bank received an EFCC request in 2025 for documents linked to Meethaq Hotels Limited, including a forwarding letter, certificate of compliance, account opening package, and the company’s statement of account.

    The witness identified the documents, dated December 23, 2025, on Union Bank letterhead, which were subsequently admitted as Exhibit B series after defence counsel J.B. Daudu, SAN, reserved the right to object later.

    Kwayil detailed transactions in the Meethaq Hotels Limited account, covering pages 34 to 41 of the statement. Notable inflows included:

    • ₦1,745,242.73 and ₦21,202,209.36 on November 3, 2022
    • ₦685,200.00 and ₦685,400.00 on November 8, 2022
    • ₦1,047,019.55 on November 18, 2022
    • Two separate ₦10,000,000 deposits from YMB Energy Limited on November 28, 2022
    • ₦4,565,320.58 on December 2, 2022, and ₦4,828,880.56 on December 5, 2022
    • ₦1,083,686.44 on December 20, 2022
    • ₦43,177,453.94 and ₦4,650,781.50 on January 10, 2023

    The trial continues as the prosecution leads further evidence against the Malami family.

    Abubakar Malami
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