Malami Faces Probe Over Five Suspicious Mega Deals Under His Watch
The immediate past Attorney General of the Federation and Minister of Justices, Abubakar Malami SAN is under investigation by the administrator of President Bola Tinubu for some infractions that requires probe, reports TheCable.
According to the Cable, Mr. Malami is under investigation for the following::
- The mysterious payment of $496 million to Global Steel Holdings Ltd (GSHL) as settlement for the termination of the Ajaokuta Steel concession nine years after the Indian company had waved all claims for compensation.
- His handling of the sale of assets worth billions of naira forfeited to the Economic and Financial Crimes Commission (EFCC) by politically exposed persons.
- His role in the $419 million judgment debt awarded to consultants who claimed to have facilitated the Paris Club refunds to the states.
- The strange agreement to pay Sunrise Power $200 million compensation in its dispute with the federal government over the Mambilla power project.
- The duplicated legal fees in the transfer of $321 million Abacha loot from Switzerland to Nigeria.
TheCable understands that his name has cropped up in a number of questionable deals under the last administration.
A security agency will handle his interrogation, sources said.