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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2023: I WILL HAND OVER FEDERAL UNIVERSITIES TO STATE GOVERNMENT - ATIKU ABUBAKAR.(PHOTO).

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2023: I Will Hand Over Federal Universities To State Govts – Atiku Abubakar

Atiku Abubakar, the presidential candidate for the Peoples Democratic Party in the elections of 2023, has declared he will transfer control of federally funded universities to state governments.

As a panelist at the 2022 Nigerian Bar Association's Annual General Conference, which took place in the Eko Atlantic City in Lagos State on Monday, the 75-year-old lawmaker from Adamawa made this claim.

This week's conference, with the title "Bold Transitions," got under way. It will last through August 26.

Atiku stated the Federal Government does not have unlimited resources while speaking on Monday during the panel discussion.

The only approach, according to him, is to create an atmosphere that is favorable for both foreign and domestic investors to invest in our nation's infrastructure, education, and electricity needs.

"I got into a fight with a professor at Federal University Lokoja. He claimed to have seen in my policy document my intention to devolve, or to hand back control of education to the states. What the heck am I doing?

"Do you realize, Mr. Professor, that the first group of our universities is owned by the regional governments? I asked. He replied, "Yes." I said, "Who will succeed the regional government?" The states, he said.

"I stated the kids you send to the universities in England and America are owned by...," the majority of the private sector. Why do you think we can't do it here, then? We lack the necessary funds.


 

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