Abubakar Malami, the former Attorney-General of the Federation (AGF), is set to face questioning in connection with at least five high-value deals during his tenure that have raised significant concerns, OBSERVERS TIMES report
The transactions under scrutiny include:
1. A contentious payment of $496 million to Global Steel Holdings Ltd (GSHL) as part of a settlement for the termination of the Ajaokuta Steel concession. This payment occurred nine years after the Indian firm had reportedly waived all claims to compensation.
2. Malami’s involvement in the sale of assets worth billions of naira, which had been forfeited to the Economic and Financial Crimes Commission (EFCC) by politically exposed persons.
3. His role in a $419 million judgment debt awarded to consultants who claimed to have assisted with the Paris Club refunds to state governments.
4. An unusual agreement to pay Sunrise Power $200 million in compensation related to a dispute with the federal government over the Mambilla power project.
5. Allegations of duplicated legal fees in the process of repatriating $321 million of the Abacha loot from Switzerland to Nigeria.
Investigative agencies are expected to seek clarifications from the former AGF regarding his authorization and oversight of these transactions, which have attracted widespread criticism and allegations of financial mismanagement.
No formal charges have been filed at this stage. Malami has yet to publicly respond to these developments.
