The Former Attorney-General of the Federation (AGF), Abubakar Malami, has been summoned to address questions concerning several suspicious transactions that occurred during his time in office. The following issues are under investigation:
An investigation is underway regarding a mysterious payment of $496 million to Global Steel Holdings Ltd (GSHL). This payment was made as a settlement for the termination of the Ajaokuta Steel concession, a full nine years after the Indian company had already waived all claims for compensation.
Adding, is Malami’s involvement in the sale of assets worth billions of naira that were forfeited to the Economic and Financial Crimes Commission (EFCC), by politically exposed persons is being scrutinised.
People have also been raising concerns about Malami’s role in a $419 million judgment debt that was awarded to consultants claiming to have facilitated the Paris Club refunds to the states and peculiar agreement to pay Sunrise Power $200 million in compensation as part of its dispute with the Federal Government over the Mambilla power project.
Furthermore, the transfer of $321 million Abacha loot from Switzerland to Nigeria has come under scrutiny due to alleged duplicated legal fees, according to sources close to Imran.
These matters have drawn significant attention, and authorities are seeking clarity on the actions and decisions taken during Abubakar Malami’s tenure as AGF.
The investigation ,when done aims to shed light on these suspicious transactions and ensure transparency and accountability in the handling of public funds. More updates are expected as the investigation progresses.
