A compliance officer from Jaiz Bank Plc has told the Federal High Court about several multi-million naira transactions linked to Alkausar Farm, as the trial of former Attorney-General of the Federation, Abubakar Malami, continues.
The witness, Munawwarah Salisu Anas, testified on Tuesday as the fifth prosecution witness in the alleged N8.7 billion money laundering case involving Malami, his wife Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami.
According to Anas, the bank submitted Alkausar Farm’s account opening documents and statements to the Economic and Financial Crimes Commission following a request from the agency. The documents were admitted as evidence by Justice Joyce Abdulmalik.
She told the court that the account recorded several notable transactions, including cash deposits of N1 million and N2.25 million in June 2018. The account also received multiple transfers from Kalamu Wahid Global Concept in December 2018, including four separate N10 million payments and an additional N8 million transfer.
The witness further revealed that N45.5 million was transferred from the account to Donaliv Global Nigeria Limited later that month. In 2020, the account reportedly received two separate inflows of N26.25 million from Al-Afiya Energy Limited and subsequently transferred N50 million to Sahad Stores Limited and N1 million to Alfagai Jewelry Nigeria Limited.
During cross-examination, Anas stated that suspicious transactions are monitored by the bank and reported to the Nigerian Financial Intelligence Unit when necessary.
The EFCC is prosecuting the defendants on a 16-count charge involving alleged conspiracy, concealment, and laundering of proceeds of unlawful activities totaling N8.71 billion. The case was adjourned until July 17, 2026, for continuation of trial.
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