According to Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), the case of former Attorney General of the Federation and Minister of Justice Abubakar Malami has demonstrated to Nigerians assuming public office that authority is ephemeral.
According to Moghalu, public position in Nigeria is no longer associated with skill, beliefs, or moral principles like honesty.
The former CBN deputy governor wrote on X that the court should determine Malami’s guilt or innocence.
In response to a report that connected Malami’s wealth to the Paris Club refund, Sani Abacha’s loot, and the CBN agric loan, Moghalu wrote: “Anyone taking public office in Nigeria should understand the transience of power by now, especially in a country where public office has progressively become uncoupled from competence, ideology, or values like integrity.”
“The hunts will become the prey when people continue to act as though tomorrow will never come. This is not Mr. Malami’s “conviction,” but rather only a generic statement.
“Let the courts determine whether he is guilty or innocent, if they will, and if this doesn’t turn into just another purported corruption case with no actual resolution.
“However, it was a little strange when, under the brilliant central banking whiz kid Mr. Emefiele, the central bank gradually became the “Central Bank of Agriculture.”
Malami and his son, Abubakar Abdulaziz, were charged with money laundering on Tuesday at the Abuja Federal High Court.
Malami, Abdulaziz, and another person entered not guilty pleas to the 16 counts of alleged money laundering.
On charges of obtaining and concealing money illegally, they were arraigned.
