The Bola Ahmed Tinubu-led administration has announced plans to initiate a probe into the activities of former Attorney-general of the Federation and Minister of Justice, Abubakar Malami (SAN).
According to reliable sources cited by TheCable, Malami will be subjected to questioning regarding at least five suspicious transactions that occurred during his tenure in office.
The investigation will be carried out by a designated security agency, which will look into the following five transactions:
- The payment of $496 million to Global Steel Holdings Ltd (GSHL) as a settlement for the termination of the Ajaokuta Steel concession.
- This payment was made nine years after the Indian company had relinquished all claims for compensation. It is alleged that Malami approved this compensation despite the company withdrawing its claims for compensation back in 2013.
- The handling of the sale of assets worth billions of naira that were forfeited to the Economic and Financial Crimes Commission (EFCC) by politically exposed individuals.
- His involvement in the $419 million judgment debt awarded to consultants who claimed to have facilitated the Paris Club refunds to the states.
- An unusual agreement to pay Sunrise Power $200 million as compensation in a dispute with the federal government over the Mambilla power project.
- The investigation will also delve into the matter of duplicated legal fees related to the transfer of $321 million Abacha loot from Switzerland to Nigeria.
- As the probe begins, many are eagerly awaiting the outcome of the investigation to shed light on the alleged transactions and any potential wrongdoings.
