News
Updated: Malami, son plead not guilty in alleged money laundering case, denied bail till January 2 hearing
Among the charges are large-scale money laundering and the illegal acquisition of properties worth over N8.7 billion.
•Abubakar Malami in the FHC Abuja, Tuesday, 30 December 2025.
Trial Justice Emeka Nwike issued the remand order after he rejected an oral bail application the defendants made through their team of lawyers led by Mr J. B. Daudu, SAN.
The court stressed the need to allow the Economic and Financial Crimes Commission (EFCC), which opposed the release of the defendants on bail, to file its counter-affidavit.
The former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, his son, and one other person pleaded not guilty to alleged money laundering on Tuesday.
Malami and the others were arraigned before the Federal High Court in Abuja after the Economic and Financial Crimes Commission (EFCC) had filed a 16- count charges against him, his son, Abubakar Abdulaziz Malami, and an associate, Hajia Bashir Asabe.
Among the charges are large-scale money laundering and the illegal acquisition of properties worth over N8.7 billion.
The EFCC’s witnesses include investigators, bank officials, bureau de change operators, and company representatives.
Consequently, the court ordered that Malami, alongside his son, Abdulaziz, and an accomplice, Hajia Bashir Asabe, should remain in Kuje prison till January 2, 2026, when their formal request for bail would be considered.
The Trial Justice Emeka Nwike issued the remand order after he rejected an oral bail application the defendants made through their team of lawyers led by Mr J. B. Daudu, SAN.
The court stressed the need to allow the Economic and Financial Crimes Commission (EFCC), which opposed the release of the defendants on bail, to file its counter-affidavit.
Details later…
News
President Tinubu Performing Umrah
The President is expected to return to Nigeria next week after completing the religious exercise.
Photo: President Tinubu I Makkah
President Bola Tinubu on Friday commenced performing Umrah at Makkah in Saudi Arabia, praying for the nation and for every Nigerian to live in peace and harmony.
Tinubu on Thursday evening arrived in Saudi Arabia, landing at the King Abdulaziz International Airport in Jeddah.
He was received by Nigeria’s ambassador to Saudi Arabia, Yakubu Gambo, and the Saudi head of royal protocol Ahmad bin Thafir.
Thursday’s trip marks the second time Tinubu has travelled to Makkah to perform Umrah since assuming office on May 29, 2023.
President Tinubu visited the holy city in November 2023, shortly after attending the Saudi-African Summit in Riyadh, where he also prayed for divine guidance in leading Nigeria.
The latest trip is part of a series of foreign engagements undertaken by Tinubu since becoming president. He has visited more than 30 countries in over 50 unique and recurring trips.
The President is expected to return to Nigeria next week after completing the religious exercise.
News
State police ready by December — Senate Leader
Highlighting the historic milestone, Bamidele explained that the 30 state approvals comfortably satisfy the two-thirds concurrency requirement mandated by Section 9(2) of the 1999 Constitution (as amended).
Senate Leader Opeyemi Bamidele has expressed conviction that the proposed state police will be ready on or before December 2026, given that 30 State Houses of Assembly have officially approved the State Police Constitution Alteration Bill, 2026.
Speaking on the Bill on Thursday, the Leader of the Senate declared that multi-tier policing in Nigeria has moved from a recurring political promise into an actionable constitutional reality.
Bamidele, who also serves as the Vice Chairman of the Senate Committee on the Review of the 1999 Constitution, made the disclosure while delivering a paper at the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State.
He addressed participants of the Senior Executive Course (SEC) 48 on the topic, “Improving the Efficiency and Effectiveness of Governance through Proactive Lawmaking.”
Highlighting the historic milestone, Bamidele explained that the 30 state approvals comfortably satisfy the two-thirds concurrency requirement mandated by Section 9(2) of the 1999 Constitution (as amended).
News
Nigeria Debt Concerns Mount as Tinubu Seeks Fresh $20.5bn, €1bn Loans
President Bola Tinubu’s request for approval to borrow $20.52 billion and €1.045 billion has intensified debate over Nigeria’s rising debt burden and its long-term implications.

Nigeria’s external debt climbed from $43.16 billion in June 2023 to $54.52 billion in June 2026 — an increase of $11.36 billion, or 26.3%. Over the same period, total public debt rose from ₦87.38 trillion to ₦166.79 trillion, a jump of roughly 90.9%.
When the latest loan request is combined with previously approved but undrawn financing, potential external debt exposure could reach about $81.96 billion if all facilities are fully drawn and there is no overlap. Officials stress this remains an illustrative figure rather than current outstanding debt.
The government says the new borrowing will finance critical development projects. Critics, however, are demanding greater transparency. They want clear evidence of what earlier loans have delivered — completed roads, functional hospitals, power projects that have increased electricity supply, and measurable gains for businesses and households facing high living costs.
Questions are also being raised about the scale of new borrowing at a time when government revenues are reported to be rising, and amid concerns from lawmakers about inadequate capital releases to ministries under previous budgets.
Opposition voices and civil society groups are calling for the National Assembly to insist on full disclosure before approving further loans. They want a project-by-project register of external loans since May 2023, showing amounts borrowed and disbursed, loan terms, project locations, implementation status and independently verified results. They also seek a clear assessment of future debt-service obligations and the risks from exchange-rate movements.
Borrowing can support development when investments produce measurable returns and repayment remains sustainable. The central issue, observers say, is not only how much more debt Nigeria can carry, but what citizens receive in return.
The National Assembly is expected to subject the requests to rigorous scrutiny.
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