A Federal High Court in has granted bail to former Attorney-General of the Federation, , his wife , and their son over alleged ₦8.1 billion money laundering charges.
Justice on Friday granted each defendant bail in the sum of ₦200 million with two sureties in like sum.
As part of the bail conditions, the court ordered that one of the sureties must present title documents of a property located in either Maitama or Asokoro in Abuja.
The court also directed the defendants to deposit their international passports, pending the conclusion of the trial.
Justice Abdulmalik further ruled that the defendants would remain in the custody of the Nigerian Correctional Service until the bail conditions are fully met.
EFCC Allegations
The (EFCC) had re-arraigned the defendants on a 16-count charge bordering on conspiracy and money laundering.
According to the anti-graft agency, the Malami family allegedly laundered over ₦8.1 billion between 2015 and 2025 through multiple bank accounts and corporate entities.
The prosecution claimed the funds were moved through companies linked to the family, including Metropolitan Auto Tech Limited and Meethaq Hotels Limited, across several commercial banks.
The EFCC further alleged that the financial transactions were structured to conceal the origin and ownership of the funds, thereby evading regulatory scrutiny.
Properties and Financial Transactions Under Probe
Investigators also accused the defendants of using the funds to acquire high-value residential and commercial properties in Abuja, Kano, and Kebbi States.
Part of the money—estimated at about ₦600 million—was allegedly kept as cash collateral for bank facilities, despite claims that the funds originated from unlawful activities.
The anti-corruption agency argued that the defendants retained control of the funds while disguising their true source through complex financial transactions and corporate structures.
