Jaiz Bank officer testifies in Malami’s alleged N8.7bn money laundering case
A prosecution witness on Tuesday told the Federal High Court in Abuja that several high-value transactions passed through the account of Alkausar Farm, one of the entities linked to the alleged N8.7 billion money laundering case involving former Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN).
The witness, Munawwarah Salisu Anas, a Compliance Officer with Jaiz Bank Plc, testified as the fifth prosecution witness in the trial of Malami, his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami. The Economic and Financial Crimes Commission (EFCC) is prosecuting the trio on a 16-count charge bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities amounting to N8,713,923,759.49.
At the resumed hearing, prosecution counsel, J.S. Okutepa (SAN), informed the court that the matter was slated for continuation of trial and called Anas to testify. Led in evidence by the prosecution, the witness said her responsibilities as a compliance officer include liaising with law enforcement agencies, including the EFCC.
She told the court that Jaiz Bank received a request from the EFCC for account-related documents and subsequently responded through a letter dated February 4, 2026. The court admitted the bank’s response and accompanying documents in evidence as Exhibit E Series after Justice Joyce Abdulmalik granted the application.
Explaining the contents of the exhibit, Anas said, “Page one is the forwarding letter, page two is the certificate of identification, pages three to twenty-five are the account opening documents, while pages twenty-six to thirty are the statement of account of Alkausar Farm”.
Reviewing the account statement, the witness identified several transactions, including cash deposits of N1 million on June 13, 2018, and N2.25 million on June 20, 2018. She also told the court that on December 7, 2018, the account received four separate transfers of N10 million each and another transfer of N8 million from Kalamu Wahid Global Concept.
Anas further testified that the account recorded a debit transfer of N45.5 million to Donaliv Global Nigeria Limited on December 18, 2018. She added that the account received two separate transfers of N26.25 million each from Al-Afiya Energy Limited in July 2020, before recording transfers of N50 million to Sahad Stores Limited and N1 million to Alfagai Jewelry Nigeria Limited on July 24, 2020.
The witness also disclosed that the account received a credit of N2.03 million on August 12, 2020, while a cheque withdrawal of the same amount was made on the same day by one Aliyu Mohammed Hassan. Under cross-examination, she stated that the bank monitors account activities and reports suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU). Justice Abdulmalik adjourned the matter until July 17, 2026, for continuation of trial.
