EFCC Tenders Nine Bank Exhibits in N8.7 Billion Fraud Trial of Former AGF Abubakar Malami

The EFCC tendered nine exhibits detailing billions in transactions in the trial of former AGF Abubakar Malami. Next court date set for May 13, 2026.

By: AXL Media

Published: Apr 21, 2026, 7:26 AM EDT

Source: Information for this report was sourced from THISDAY

Prosecution Witness Details Documentary Evidence

The corruption trial of former Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN, intensified on Monday as the EFCC tendered nine significant documentary exhibits. The Fourth Prosecution Witness (PW4), Mashelia Arhyel Bata, a Compliance Officer with Zenith Bank Plc, presented the documents before Justice Joyce Abdulmalik at the Federal High Court in Abuja. These exhibits, admitted as D1 through D9, form the backbone of the anti-graft agency's case regarding the movement of alleged illicit funds through various corporate and personal accounts.

Scope of the 16 Count Criminal Charge

Malami is standing trial alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami. The 16-count charge includes allegations of money laundering, corruption, and fraud totaling approximately N8,713,923,759.49. The EFCC alleges that the defendants engaged in a sophisticated conspiracy to disguise and conceal proceeds of unlawful activities, an act the agency maintains violates the Money Laundering Prevention and Prohibition Act of 2022.

Analysis of Corporate Account Linkages

During his testimony, the bank official revealed that the bank provided extensive documentation for accounts linked to the defendants and a network of companies. These entities include Rayhaan Hotels Limited, Rayhaan Bustan Agro Allied Limited, Nashab Limited, Golden Age Global Ventures, and Rahamaniyya Properties Limited. The witness confirmed that the provided records included both soft and hard copies of account opening documents and transaction statements requested by law enforcement between July 2024 and March 2026.