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Court Admits Nine Exhibits Against Malami and Family

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A Federal High Court sitting in Maitama, Abuja and presided over by Justice Joyce Abdulmalik on Monday, April 20, 2026 admitted nine exhibits against a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami.

The exhibits were presented before the court by the Economic and Financial Crimes Commission, EFCC, in its ongoing trial of the former Minister and some family members.

The EFCC is prosecuting the defendants on an 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 Prohibition) Act, 2022.

The exhibits, which are documentary in nature, were tendered through the fourth prosecution witness, Mashelia Arhyel Bata, a compliance officer with Zenith Bank Plc.

Led in evidence by prosecution counsel, J. S. Okutepa, SAN, the witness told the court that, in the course of his official duties, he received correspondence from the EFCC requesting documents relating to several accounts linked to the defendants and associated entities.

“I work as a compliance officer with Zenith Bank, Maitama branch. My duty includes receiving correspondence from law enforcement agencies and responding accordingly,” he said.

Bata further disclosed that the bank complied with EFCC’s requests by providing both soft and hard copies of documents relating to accounts belonging to the defendants and companies such as Rayhaan Hotels Limited, Rayhaan Bustan Agro Allied Limited, Nashab Limited, Golden Age Global Ventures, and Rahamaniyya Properties Limited.

“My lord, the documents are nine,” he stated, confirming his ability to identify them when presented in court.

Upon application by Okutepa, the court admitted the documents, dated between July 19, 2024 and March 12, 2026, as Exhibits D1 to D9, despite an initial objection by defence counsel, J. B. Daudu, SAN, who noted that “the dates are almost all in March.”

Continuing his testimony under further examination by prosecution counsel, Ekele Iheanacho, SAN, the witness provided details of transactions contained in the exhibits.

He identified Exhibit D1 as containing account opening documents and statements for accounts belonging to Abubakar Malami and A.A. Malami & Co, including a naira account and a dollar account.

According to him, the statement of account for one of the accounts covered the period from January 1, 2012 to December 31, 2023.

The witness confirmed that the accounts were active between 2015 and 2023, noting that “there were transfers within that period.”

He further revealed that total credits into one of the accounts stood at N383,637,21.55 between January 1, 2016 and December 31, 2023, while total credits from January 1, 2012 to December 31, 2015 amounted to N560,506,465.12.

On debits, he stated that N384,322,120.85 was recorded between 2016 and 2023, while N571,891,174.08 was debited between 2012 and 2015.

Giving further breakdown of transactions, the witness told the court that on November 11, 2020, the account received N194,791,608.00 from New Horizons Limited, and on June 24, 2022, it received N622,500,000.00 from Rayhaan Bustan Agro Allied Limited.

He added that on July 1 and July 7, 2022, the account received N250 million each from Rayhaan Hotels Limited, while on December 22, 2022, there was an inflow of N500 million linked to Rayhaan Bustan Agro Allied Limited.

Continuing in that format, the witness identified so many transactions running into billions.

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NCC Honours Top Staff Driving Nigeria’s Digital Transformation

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BY NKECHI NAECHE-ESEZOBOR—The Nigerian Communications Commission (NCC) has recognised and rewarded its top-performing staff in a move that underscores its commitment to excellence and innovation, spotlighting employees whose contributions are helping to accelerate Nigeria’s digital transformation and strengthen the country’s telecommunications landscape.

The event, which took place in Abuja, brought together major stakeholders from across the telecommunications sector and reiterated the Commission’s goal of building “a more connected and prosperous Nigeria” for digital users across the country.

Speaking at the ceremony, Chairman of the NCC Governing Board, Idris Olorunnimbe, described the occasion as a milestone for the organisation, emphasising the critical role of its workforce in achieving its strategic goals.

“This is a moment of pride as we celebrate the very core of our organisation—our outstanding staff.”

Olorunnimbe stressed that the Commission’s successes are anchored in the commitment of its personnel, whose creativity, resilience, and consistent dedication continue to propel its progress.
He further noted that institutions thrive when they invest in developing their people, adding that NCC employees reflect the highest levels of professionalism and service excellence.

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Customer Testimonial Highlights Why Mutual Benefits Assurance Stands Out

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BY NKECHI NAECHE-ESEZOBOR—In a time when confidence in insurance is steadily growing, a satisfied customer of Mutual Benefits Assurance Plc is sharing his experience to encourage more Nigerians to embrace the value of protection and peace of mind.

Mr. Abdelhamid Abdelrahman of RAP Building Solutions Ltd recently applauded the company for its swift claims settlement and attentive customer service, describing his journey as clear evidence that insurance truly works when managed by a dependable provider.

Abdelrahman explained that his decision to insure his vehicles with the company was influenced by its strong reputation and visible presence within his business environment in Lagos. Easy access to one of its offices also gave him added confidence, allowing for seamless interaction and support whenever needed. Four years on, he remains a loyal customer.

He said: “I had my doubts at some point, thinking that because they are one of the oldest insurance companies, perhaps their service might not be as efficient. But when I had a vehicle claim in 2023, it was processed in no time.

He added that subsequent claims involving other vehicles in his fleet were handled just as efficiently, further strengthening his confidence in the company.

“Since then, I have felt that whenever I have a vehicle, I will always subscribe to their packages and services. Mutual Benefits may be one of the oldest, but they are still one of the most responsive insurance companies in Nigeria. Their response to customers’ questions and feedback is very fast. I have no regrets partnering with them,” he stated.

Abdelrahman also used the opportunity to encourage Nigerians who remain sceptical about insurance to reconsider their views.

“Many people believe insurance does not work in Nigeria, but it does. When the time comes to make a claim and it is handled smoothly, then you know insurance truly works,” he said.

Industry experts have repeatedly noted that prompt claims settlement remains one of the strongest indicators of trust and credibility in the insurance sector. According to analysts, customers are more likely to retain policies, renew coverage and recommend insurers when claims are paid quickly and transparently.

They explain that efficient claims management not only provides financial relief during difficult times but also helps improve public perception of insurance as a dependable financial safety net. In markets where scepticism exists, real customer experiences and timely claims payments often play a critical role in driving adoption.

Mutual Benefits Assurance Plc has consistently positioned prompt claims settlement as a core part of its customer promise, with billions of naira paid out monthly across life and general insurance categories.

As economic uncertainties continue to heighten the need for financial protection, stakeholders say insurers that deliver swift and seamless claims experiences are likely to enjoy stronger customer loyalty and wider market acceptance.

The post Customer Testimonial Highlights Why Mutual Benefits Assurance Stands Out appeared first on Business Today NG.

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