EFCC Detains Malami Over Alleged Terrorism Financing
The Economic and Financial Crimes Commission (EFCC) has detained a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN) for alleged terrorism financing.
The ex-Minister is also to explain issues relating to money laundering, especially operation of suspicious accounts.
Malami has been asked to account for his investment of about N10billion in Kebbi State, whereabouts of $322million Abacha loot recovered from Swiss account and about $22million from Island of Jersey in the UK.
The EFCC was holding on to Malami as at 10pm on Tuesday because he has not been able to meet his bail conditions.
But the ex-AGF said his public record in office stands in direct contradiction to any insinuation of complicity in terrorism financing.
A top EFCC source said the allegations against Malami were many which will require some days to go through.
The source said:”We have detained the ex-Minister for terrorism financing and the whereabouts of Abacha loot recovered from Switzerland and Island of Jersey in the UK.
“His sudden wealth of N10billion investments in Kebbi State are under investigation. We may attach some of these assets.
“We are likely to interrogate one of his wives on her role on N4billion Anchor Borrowers cash advanced by the Central Bank of Nigeria (CBN).”
