Former Nigerian AGF Malami Arraigned on Terrorism Charges
Analysis based on 51 articles · First reported Feb 02, 2026 · Last updated Mar 10, 2026
The arraignment of a former high-ranking government official like Abubakar Malami on terrorism and corruption charges could signal a stronger stance by the Nigerian government against graft, potentially improving investor confidence in the long term. However, the immediate impact might be increased political uncertainty and scrutiny on governance, which could cause short-term market jitters.
Abubakar Malami, former Attorney-General of the Federation of Nigeria, and his son, Abdulaziz Abubakar Malami, have been arraigned before the Nigeria===Federal High Court of Nigeria in Abuja by the Nigeria===State Security Service on five counts. These charges include knowingly abetting terrorism financing by allegedly refusing to prosecute suspected terrorism financiers in November 2022, and unlawful possession of firearms and ammunition in December 2025, which is considered conduct preparatory to acts of terrorism. Both defendants pleaded not guilty to all charges. The court has adjourned the matter to February 20, 2026, for a bail application hearing and possible commencement of trial, with the defendants remanded in Nigeria===State Security Service custody. Separately, Abubakar Malami, his wife Asabe Malami, and Abdulaziz Abubakar Malami are also facing money laundering charges brought by the Nigeria===Economic and Financial Crimes Commission, involving N8.7 billion and 57 properties worth N212.8 billion, which Abubakar Malami is challenging.
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