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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JAY-Z IS THE FIRST TO OWN THE $340K BUGATTI TOURBILLON WATCH AND HAS SHOWED IT OFF. (PHOTOS).

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 Jay-Z is the first to own the $340k Bugatti Tourbillon watch and has showed it off


Jay-Z is the first person to own limited-edition Bugatti Tourbillon wristwatch, according to Jacob Arabo, founder of Jacob & Co.


The watch is inspired by the new Bugatti Tourbillon, and it has a hefty price tag of $340,000


American rapper was spotted rocking his latest timepiece during his appearance at Fanatics Fest in New York.

Jay-Z’s new limited-series wristwatch is worth $340,000 – starting price of a brand new 2024 Cadillac Celestiq.

The new limited-edition masterpiece inspired by the new $4.1 million Bugatti Tourbillon hyper sports car.


With few exceptions, such as the Jacob Bugatti Jean, most Bugatti watches feature a miniature reproduction of the car engine.

This also applies to the Bugatti Tourbillon watch, which includes a replica of V16 engine block.


Wristwatch features a V16 engine block automation, a 30-second double-pace flying tourbillon and a twin power reserve as, well as retrograde hours and minutes that start at zero to mimic an RPM counter.

Jacob says the watch took around 18 months to complete, but it was clearly worth the wait.


Last week, American rapper, Shawn Carter, known professionally as Jay-Z, was spotted rocking his latest timepiece, the Jacob&Co Bugatti Tourbillon during his appearance at Fanatics Fest in New York.


The 24-time Grammy winner is the first person to own the recently released limited-edition masterpiece designed by American jewelry and watch company, Jacob & Co., according to founder, Jacob Arabo.


“My dear friend @jayz was the first to own the 5 time zone watch. 25 years later, he’s the first to own the bugatti tourbillion,” Jacob Arabo wrote in a post shared on his Instagram page.


According to Jacob Arabo, Jay-Z was also the first to wear Five Time Zone, a multi-coloured quartz piece with four subdials (zones) that showed the time in New York, Los Angeles, Tokyo and Paris, which was introduced in the early 2000.


Jay-Z’s new limited-series wristwatch, developed over 18 months, is worth $340,000 – which is exactly the starting price of a brand new 2024 Cadillac Celestiq before the numerous bespoke options.


The Bugatti Tourbillon wristwatch reimagines the complexity and appearance of Bugatti’s latest hypercar, the new $4.1m Tourbillon – itself a limited-edition hypercar inspired by the world of horology.

Like the hypercar, this remarkable timepiece features a V16 engine block automation, a 30-second double-pace flying tourbillon, a twin power reserve as well as a retrograde hours and minutes that start at zero to mimic an RPM counter.


More photos below  







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