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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ALAAFIN UNDERGOES FINAL TRADITIONAL RITES, CORONATION SCHEDULED FOR APRIL. (PHOTO).

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 Alaafin Undergoes Final Traditional Rites, Coronation Scheduled for April


The final phase of traditional rites (Oro Ipebi) for the Alaafin-elect, Oba Akeem Owoade I, will take place tonight at the Sango shrine in Koso, Oyo town.


According to a statement from Bode Durojaiye, Director of Media and Publicity to the Alaafin of Oyo, Oba Owoade will be accompanied by the Oyo Mesi, royal family members, traditional priests, village heads (Baales), and some residents.


The ceremony includes an overnight stay at the shrine, where Baba Mogba will place the sacred Sango crown on the Alaafin-elect in the early hours of Saturday, officially marking him as the 46th Alaafin of Oyo.


Following this, attendees, including the Oyo Mesi, will pay homage to the new monarch. The coronation is set for April 5, 2025, at Oliveth Heights, Oyo.

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