Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), is set to be probed by the President Bola Tinubu administration over suspicious mega deals.
According to TheCable, Malami will be questioned over at least five suspicious transactions during his time in office, from 11 November 2015 to 29 May 2023, under the regime of former President, Major General Muhammadu Buhari (retd.).
Sources disclose that a security agency will be mandated to handle his interrogation.
Five of the transactions under investigation are:
1. The mysterious payment of $496 million to Global Steel Holdings Ltd as settlement for the termination of the Ajaokuta Steel concession nine years after the Indian company had waved all claims for compensation.
Malami allegedly agreed to $496 million compensation to Global Steel over Ajaokuta steel plant despite the company having withdrawn claims for compensation in 2013.
2. His handling of the sale of assets worth billions of naira forfeited to the Economic and Financial Crimes Commission by politically exposed persons.
3. His role in the $419 million judgment debt awarded to consultants who claimed to have facilitated the Paris Club refunds to the states.
4. The strange agreement to pay Sunrise Power $200 million compensation in its dispute with the federal government over the Mambilla power project
5. The duplicated legal fees in the transfer of $321 million Abacha loot from Switzerland to Nigeria.
According to the publication, Abubakar Malami’s name had cropped up in a number of questionable deals under the last administration.