Alleged N9bn money laundering: Court grants Malami, son, wife N500m bail each

Date:

By Vivian Okejeme Abuja

Justice Emeka Nwite of the Federal High Court Abuja has granted former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami SAN, his son and wife bail in the sum of N500million each.

The Economic and Financial Crimes Commission (EFCC) is prosecuting the defendants on a 16-count boarding on N9 billion money laundering charge.

On the bail conditions, Justice Nwite held that the Malami is to produce two sureties who will stand for him in the like sum.

The court also ordered that the two sureties must have landed properties in Maitama, Asokoro or Gwarimpa.

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The documents of the properties are to be verified by the Deputy Chief Registrar of the Court while the sureties are also to depose to affidavit of means.

Malami is to deposit his travelling documents with the Court and must not travel out of the country without the express permission of the court.

Besides, the former AGF and his sureties were also ordered to deposit their two recent passport photograph with me court.

The same bail conditions were extended to Malami, son Abdulaziz Malami, and an employee of Rahamaniyya Properties Limited, Hajia Asabe Bashir,.

Meanwhile, Malami has been ordered to be remanded in Kuje prison pending his perfection of the bail conditions.

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At the time of this report, business associates, friends and sympathizers of the former Minister of Justice have been rallying round to secure bail for Malami.

Meantime, the matter has been adjourned to February 17, for commencement of trial.

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