Justice Joyce Abdulmalik of the Federal High Court in Abuja has granted former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN, along with his son and wife, bail of N200 million each pending trial in an N8.7 billion money laundering case brought by the federal government.
The court ordered each defendant to produce two sureties with developed landed properties in Maitama or Asokoro. The properties will be verified by the Deputy Chief Registrar, and the sureties must depose to an affidavit of means.
The defendants are required to deposit their travel documents with the court and are prohibited from leaving the country without judicial permission. They must also submit two recent passport photographs.
While bail conditions are being perfected, Malami and his son have been remanded in Kuje Prison, and his wife in Suleja Prison, Niger State.
The trial has been scheduled to commence on March 16, with Joseph Daudu SAN representing the defendants. The Economic and Financial Crimes Commission (EFCC), represented by Jibrin Okutepa SAN, did not oppose the bail.
The EFCC had filed a 16-count charge of money laundering against Malami and his family members. This follows a previous bail granted by Justice Emeka Nwite during the vacation period, which had set bail at N500 million.
