A prosecution witness on Tuesday told the Federal High Court in Abuja about several high-value transactions that passed through the account of Alkausar Farm, one of the entities linked to the alleged ₦8.7 billion money laundering case involving former Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN).
Naijaonpoint reports that the witness, Munawwarah Salisu Anas, a Compliance Officer with Jaiz Bank Plc, testified before Justice Joyce Abdulmalik as the fifth prosecution witness in the trial of Malami, his wife, Hajia Bashir Asabe, and their son, Abubakar Abdulaziz Malami.
The Economic and Financial Crimes Commission (EFCC) is prosecuting the trio on a 16-count charge bordering on conspiracy, concealment and laundering of alleged proceeds of unlawful activities amounting to ₦8,713,923,759.49.
At the resumed hearing, lead prosecution counsel, Jibrin Okutepa (SAN), informed the court that the matter was scheduled for continuation of trial and subsequently called NAIJAONPOINT .
While being led in evidence, Anas told the court that her duties as a compliance officer include liaising with law enforcement agencies, including the EFCC.
She confirmed receiving a request from the anti-graft agency seeking account-related documents and stated that Jaiz Bank responded through a letter dated February 4, 2026, addressed to the EFCC Chairman.
The prosecution tendered the bank’s response and supporting documents, which were admitted in evidence as Exhibit E Series after defence counsel, Adedayo Adedeji (SAN), reserved his objection until the final written address.
Explaining the contents of the exhibit, NAIJAONPOINT said, “Page one is the forwarding letter, page two is the certificate of identification, pages three to 25 are the account opening documents, while pages 26 to 30 are the statement of account of Alkausar Farm.”
Reviewing the account statement before the court, Anas highlighted a number of transactions recorded in the account.
She testified that on June 13, 2018, the account received a cash deposit of ₦1 million from Hassan Aliyu, while another ₦2.25 million cash deposit was made by Aliyu Mohammed on June 20, 2018.
According to her, the account also received multiple inflows from Kalamu Wahid Global Concept on December 7, 2018, including four separate transfers of ₦10 million each and an additional transfer of ₦8 million on the same day.
She further disclosed that on December 18, 2018, a transfer of ₦45.5 million was made from the account to Donaliv Global Nigeria Limited.
NAIJAONPOINT also told the court that the account received ₦26.25 million from Al-Afiya Energy Limited on July 13, 2020, and another ₦26.25 million from the same company on July 22, 2020.
She added that on July 24, 2020, the account recorded a transfer of ₦50 million to Sahad Stores Limited and another ₦1 million transfer to Alfagai Jewelry Nigeria Limited.
Anas further revealed that on August 12, 2020, the account received a credit inflow of ₦2.03 million, while a cheque withdrawal of the same amount was made on the same day by one Aliyu Mohammed Hassan.
During cross-examination, defence counsel questioned NAIJAONPOINT on her knowledge of the transactions reflected in the account statement.
Responding, Anas said the bank monitors transactions and reports suspicious activities to the Nigerian Financial Intelligence Unit.
“Yes, we know because we monitor and report to the Nigerian Financial Intelligence Unit (NFIU) if the transactions are suspicious,” she told the court.
Following the conclusion of her testimony, NAIJAONPOINT was discharged.
Justice Abdulmalik subsequently adjourned the matter until July 17, 2026, for continuation of trial.
Malami, his wife and son were re-arraigned on February 27 on the money laundering charges and pleaded not guilty.
The court later granted each defendant bail in the sum of ₦200 million with two sureties in like sum.
Justice Abdulmalik ordered that one of the sureties must provide title documents to a landed property located in either Maitama or Asokoro District of Abuja and directed the defendants to deposit their international passports with the court.
