FG to probe Malami over 5 suspicious mega deals under his watch

The Federal Government will reportedly investigate the immediate past Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN).

According to the report, Malami will be questioned over at least five suspicious transactions during his time in office.

Five of the transactions under investigation are: The mysterious payment of $496 million to Global Steel Holdings Ltd (GSHL) as settlement for the termination of the Ajaokuta Steel concession nine years after the Indian company had waved all claims for compensation

Others include his handling of the sale of assets worth billions of naira forfeited to the Economic and Financial Crimes Commission (EFCC) by politically-exposed persons

Also included is the ex-AGF’s role in the $419 million judgment debt awarded to consultants who claimed to have facilitated the Paris Club refunds to the States.

The others are: the strange agreement to pay Sunrise Power $200 million compensation in its dispute with the Federal Government over the Mambilla Power Project, and the duplicated legal fees in the transfer of $321 million Abacha loot from Switzerland to Nigeria.

Sources disclosed that a security agency will be mandated to handle his interrogation.

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