ALLEGED N8.7B FRAUD: MALAMI’S BANKERS FILED SUSPICIOUS REPORTS ON HIS TRANSACTIONS-WITNESS. (PHOTO). #PRESS RELEASE.

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Alleged N8.7b Fraud: Malami’s Bankers Filed Suspicious Reports on his Transactions-Witness The Fourth Prosecution Witness, PW4, in the trial of the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, May 13, 2026, told Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, that Zenith Bank Plc, where the former AGF had account, filed Suspicious Transaction Report, STR, in respect of his transactions. The Economic and Financial Crimes Commission, EFCC, is prosecuting Malami alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami, on amended 16-count charge, bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities to the tune of N8,713,923,759.49 (Eight Billion, Seven Hundred and Thirteen Million, Nine Hundred and Twenty-Three Thousand, Seven Hundred and Fifty-Nine Naira, Forty-Nine Kobo), contrary to the provisions of the Money Laundering (Prevention and Pro...
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5 FEARED DEAD AS A BOAT FROM CMS TO IKORODU CAPSIZED TODAY.

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Image result for lagos boat capsize     About five persons were feared dead when a boat capsized in Lagos on Wednesday evening.An eyewitness told newsmen that the boat was travelling from CMS to Ikorodu.
Bodies of the victim of the accident were brought to the jetty at Ipakodo in Ikorodu, on the outskirts of Lagos.
Lagos State police spokesman, Chike Oti, who confirmed the incident, noted that sixteen persons were rescued.
“The information reaching us from the Marine unit of the command reveals that five persons died in the Boat mishap, while 16 persons were rescued alive, Oti said.
“Our marine team is still combing the waters to see if there are other victims in the water.“The Commissioner of police, CP Imohimi Edgal has ordered the officer in charge of the marine unit to investigate the remote cause of the Boat accident.”
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