Former Attorney General Malami to Face Probe Over Multiple Suspicious Transactions

Former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, is set to be questioned by Nigerian authorities over at least five controversial transactions executed during his tenure in office.

According to legal and investigative sources, the probe will focus on financial decisions and agreements made under Malami’s watch that have raised serious questions of transparency and due process.

The transactions under investigation include:

1. \$496 Million Settlement to Global Steel Holdings Ltd (GSHL): Authorities are probing the circumstances surrounding the payment to GSHL as compensation for the terminated Ajaokuta Steel concession, despite the company reportedly waiving all claims nearly a decade earlier.

2. Sale of Forfeited Assets: Malami’s management of assets forfeited to the Economic and Financial Crimes Commission (EFCC) by politically exposed persons—valued in billions of naira—is under scrutiny for possible irregularities.

3. Paris Club Refund Judgment Debt: The former AGF’s role in the controversial \$419 million judgment awarded to consultants involved in facilitating refunds to Nigerian states from the Paris Club is being re-examined.

4. Sunrise Power Agreement: Investigators are reviewing a peculiar agreement in which the federal government agreed to pay \$200 million to Sunrise Power as compensation in the ongoing Mambilla power project dispute.

5. Duplicated Legal Fees on Abacha Loot: Malami is also being probed over duplicated legal fees allegedly paid in the process of repatriating \$321 million of the Abacha loot from Switzerland.

The investigation follows growing calls for accountability in high-profile cases involving public funds.