A Federal High Court Abuja has granted bail of ₦200 million each to former Attorney General of the Federation, Abubakar Malami, his wife Asabe Bashir, and their son Abdulaziz Malami in an ongoing money laundering trial involving about ₦8.7 billion.
Delivering the ruling on Friday, Justice Joyce Abdulmalik approved the bail application but attached strict conditions. The judge directed that each defendant must provide two sureties who own developed landed properties in either Maitama or Asokoro in Abuja.
The court further ordered that the property documents presented by the sureties must be verified by the Deputy Chief Registrar of the court. In addition, the sureties are required to submit an affidavit of means confirming their financial capacity.
The three defendants are also mandated to deposit their international passports with the court and must not travel outside the country without prior permission from the court. They are also required to submit two recent passport photographs each.
Justice Abdulmalik ruled that Malami and his son should remain at the Kuje Prison, while his wife is to be remanded at the Suleja Prison in Niger State until they meet the bail conditions.
The trio is being prosecuted by the Economic and Financial Crimes Commission over alleged money laundering offences amounting to about ₦8.7 billion.
Further details of the case are expected as the trial progresses.
