By Muhammad Mamman
Investigations by the Economic and Financial Crimes Commission (EFCC) have traced a significant portion of former Attorney-General of the Federation Abubakar Malami’s wealth to controversial funds, TheCable can report.
According to sources familiar with the probe, Malami’s assets are linked to multiple channels, including Paris Club refunds allocated to states, unpaid loans from the Central Bank of Nigeria (CBN) under the Anchor Borrowers Programme, and funds repatriated from the late Sani Abacha’s notorious loot.
The EFCC has detained Malami ahead of his impending arraignment before a Federal High Court in Abuja. Details of the charges remain closely guarded, but officials indicate that the case involves alleged misappropriation and diversion of public funds.
This development marks a significant escalation in ongoing efforts to hold public officials accountable for financial misconduct, particularly in high-profile cases involving recovered national assets.
The EFCC has urged members of the public to allow due process to take its course as investigations continue.
