Former Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, spent the second night in the custody of the Economic and Financial Crimes Commission (EFCC).
TheCable said Malami is being investigated for 18 alleged offences, including money laundering, abuse of office, and terrorism financing.
The report said it is believed that the EFCC secured a remand order for his detention.
The newspaper said sources privy to the investigation revealed that the former AGF is unable to account for the recovery of $346.2 million Abacha loot from Switzerland and funds from the Island of Jersey.
The investigation extends to the disbursement of N4 billion Anchor Borrowers’ Programme funds from the Central Bank of Nigeria (CBN).
Malami is also being quizzed over his alleged N10bn investment in schools, hotels, and rice mills in Kebbi State.
The ex-minister also failed to meet his bail conditions as of 11pm on Tuesday, forcing him to spend a second night in detention.
An associate of the former minister had earlier informed the publication that Malami was invited for questioning on Monday but arrived late in the evening, which resulted in him staying overnight to continue responding to investigators’ queries.
The associate also disclosed that 46 bank accounts allegedly linked to Malami are currently under investigation, forming a major part of the EFCC’s line of inquiry.
Dele Oyewale, the EFCC spokesperson, declined to comment on the matter when contacted by TheCable.
The former AGF, in November 2025, declared his intention to contest the 2027 governorship election in Kebbi — months after resigning from the All Progressives Congress (APC) and joining the African Democratic Congress (ADC).
