Malami In Troubled Waters Over Alleged Dubious Transactions

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Toba Owojaiye reporting 

 

Former Attorney General of the Federation (AGF), Abubakar Malami, is set to be questioned regarding at least five dubious transactions that occurred during his tenure in office.

Imran, a prominent political lobbyist and influential figure on social media, has raised concerns about these transactions.

The five transactions currently under investigation are as follows:

•A puzzling payment of $496 million to Global Steel Holdings Ltd (GSHL) as a settlement for terminating the Ajaokuta Steel concession, nine years after the Indian company had relinquished all claims for compensation.

•Malami’s involvement in the sale of assets worth billions of Naira that were forfeited to the Economic and Financial Crimes Commission (EFCC) by politically exposed individuals.

•His role in the $419 million judgment debt awarded to consultants who claim to have facilitated the Paris Club refunds to states.

•An unusual agreement to compensate Sunrise Power with $200 million in its dispute with the Federal Government over the Mambilla power project.

•The investigation into duplicated legal fees in the transfer of $321 million Abacha loot from Switzerland to Nigeria.

This situation is far from reaching its conclusion, as there is a growing public outcry against corruption among public office holders.

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