EFCC Seizes Malami’s Passport As $490 Million Abacha Loot Probe Deepens

Economic and Financial Crimes Commission (EFCC) seized the international passport of former Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, on Saturday as investigations into the whereabouts of the recovered Abacha loot intensify.

This seizure is part of an ongoing probe into the movement of $490 million of the Abacha loot, which was secured through Mutual Legal Assistance (MLAT). As a result, Malami is now prohibited from leaving Nigeria for one month due to strict bail conditions tied to his temporary release.

Reports indicate that one of the conditions for his release at 1:00 a.m. on Saturday requires him to report daily for interactions at the EFCC headquarters in Abuja. Malami is expected to provide detailed clarifications to the EFCC regarding the movement and location of the funds over the coming month.

TheNewsGuru.com(TNG) reports a fact sheet has revealed that Malami has multiple issues he needs to clarify with the commission in the next 30 days.

It stated, “We have asked him to explain the whereabouts of $490 million Abacha loot secured through Mutual Legal Assistance (MLAT).

“We didn’t say he stole money, but he should account for the loot. This is one of the issues he will clarify to our investigators.

“Considering the huge volumes of documents he has to go through and the detectives he needs to interact with, we have seized his international passport.

“One of the conditions for his release on bail at 1 am on Saturday was that he should report daily to the EFCC headquarters for interaction.

“He cannot travel out of the country except as mutually agreed with EFCC or with the permission of a High Court.

“We won’t join issues with him on his braggadoci,o but we will release our findings to the public after painstaking investigation.”