Nigeria’s former Attorney-General of the Federation, Abubakar Malami, is currently under investigation for five suspicious mega deals that took place under his watch. The probe, spearheaded by the Economic and Financial Crimes Commission (EFCC), has captured nationwide attention.
US$496 million payment to Global Steel Holdings Ltd related to Ajaokuta Steel Company.
US$419 million judgment debt paid to consultants allegedly over facilitating fund refunds to states.
US$200 million compensation linked to a major hydroelectric project.
Controversial legal fees and asset disposal transactions tied to recovered looted funds.
The EFCC has summoned Malami for questioning, and he has reportedly been released with instructions to return for further engagements.
While the probe is ongoing, no formal charges or convictions have been reported yet.
The investigation has ignited discussions on transparency, accountability, and governance in Nigeria, especially regarding high-profile government contracts and the management of recovered assets.
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