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Abubakar Malami under EFCC investigation for 46 bank accounts and multiple high-value transactions.
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Overnight interrogation follows previous questioning on November 29; daily reporting to continue.
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Contentious deals scrutinized include $496M Ajaokuta Steel settlement and $321M Abacha loot transfer.
Abubakar Malami, former Attorney-General of the Federation (AGF) and Minister of Justice, spent Monday night at the Economic and Financial Crimes Commission (EFCC) headquarters amid an ongoing investigation into alleged financial misconduct.
An associate disclosed that Malami arrived late for questioning and stayed overnight to continue answering investigators’ queries. The probe reportedly covers 46 bank accounts linked to Malami and several suspicious financial transactions during his tenure in office.
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Following his previous interrogation on November 29, Malami had described the session as “successful” and confirmed he would continue to meet EFCC investigators daily.
Investigations focus on at least five contentious deals:
1. Payment of $496 million to Global Steel Holdings Ltd for Ajaokuta Steel concession, years after the company waived claims.
2. Sale of assets forfeited to EFCC by politically exposed persons.
3. $419 million judgment debt to consultants claiming Paris Club refund facilitation.
READ ALSO: EFCC Releases Ex-AGF Malami After Interrogation, Schedules Further Questioning
4. $200 million compensation to Sunrise Power over Mambilla power project disputes.
5. Duplicated legal fees in the $321 million Abacha loot transfer from Switzerland to Nigeria.
Meanwhile, Malami recently resigned from the APC and joined the African Democratic Congress (ADC), declaring his intention to contest the 2027 Kebbi State governorship election.
He stated that the move followed “wide consultations and deep personal reflection,” driven by concern for national hardship.
