A Federal High Court in Abuja has granted bail to former Attorney-General of the Federation, Abubakar Malami, his wife, Asabe Bashir, and their son, Abdulaziz Malami, in an alleged money laundering case.

The trial judge, Joyce Abdulmalik, on Friday admitted each of the defendants to bail in the sum of N200 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 area of Abuja. The defendants were also directed to deposit their international passports with the court.

Pending the fulfilment of the bail conditions, the court ordered that they remain in the custody of the Nigerian Correctional Service.

The Malamis were re-arraigned before the court following the reassignment of the case to Justice Abdulmalik.
In a 16-count charge filed by the Economic and Financial Crimes Commission (EFCC), the anti-graft agency alleged that the defendants conspired to launder over N8.1 billion between 2015 and 2025.

According to the EFCC, the funds were allegedly moved through several bank accounts and companies linked to the family, including Metropolitan Auto Tech Limited and Meethaq Hotels Limited, to conceal their source and ownership.

The commission further claimed that the funds were structured through various financial transactions to disguise their alleged illicit origin and evade regulatory scrutiny.

Part of the money, the EFCC said, was allegedly kept as cash collateral for bank facilities, including about N600 million which the defendants allegedly knew or should have known were proceeds of unlawful activity.

Investigators also alleged that the funds were used to acquire high-value properties in Abuja, Kano, and Kebbi states, including residential and commercial buildings allegedly purchased directly or through proxies to conceal beneficial ownership.