Former Attorney-General of the Federation, Abubakar Malami, has spent a second night in the custody of the Economic and Financial Crimes Commission (EFCC) after failing to meet his bail conditions.Â
Malami, who is under investigation for 18 alleged offences including money laundering, abuse of office, and terrorism financing, is being held under a remand order obtained by investigators.
He was unable to fulfil the bail requirements as of late Tuesday, The Cable reported.Â
Malami had been taken into custody on Monday evening and questioned over multiple high-profile financial transactions linked to his time in office.
Sources said he struggled to secure two permanent secretaries needed as sureties. Malami had earlier been grilled on November 29, dismissing the allegations as fabricated.
The ongoing probe revisits several controversial deals from his tenure, including the $496 million payment to Global Steel Holdings, asset sales tied to the EFCC, the $419 million Paris Club judgment debt, issues surrounding the Mambilla power project, and alleged irregularities in the recovery of Abacha loot.
