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        Home»News»Crime»ANTI CORRUPTION NEWS»UPDATE: Court Orders Interim Forfeiture Of 57 Property Allegedly Linked To Malami
        ANTI CORRUPTION NEWS

        UPDATE: Court Orders Interim Forfeiture Of 57 Property Allegedly Linked To Malami

        National RecordBy National RecordJanuary 7, 2026Updated:January 7, 2026No Comments9 Mins Read
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        Abubakar Malami
        Malami, SAN
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        THE FEDERAL High Court in Abuja has ordered the interim forfeiture of 57 property suspected to be proceeds of unlawful activities linked to Mr Abubakar Malami.

        Malami, a Senior Advocate of Nigeria, was the Attorney-General of the Federation and Minister of Justice in the Muhamadu Buhari administration

        Justice Emeka Nwite granted the order following an ex-parte motion moved by the lawyer of the Economic and Financial Crimes Commission, Ekele Iheanacho to the effect.

        The News Agency of Nigeria (NAN) reports that the multi-billion naira landed property are located in Abuja, Kebbi, Kano and Kaduna States.

        Although the order was made on Tuesday, its certified true copy (CTC) was sighted by NAN on Wednesday.

        “It is hereby ordered that an interim order of this honourable court is hereby made forfeiting to the Federal Government of Nigeria the properties described in Schedule 1 below which are reasonably suspected to be proceeds of unlawful activities,” the judge said.

        Nwite, in the ruling, also directed the publication of the interim order of forfeiture in any national daily.

        The ruling is “inviting any person(s) or body (ies) who may have interest in the properties listed in the schedule to show cause, within 14 days of the publication, why a final order of forfeiture to the Federal Government of Nigeria of the said assets and properties, should not be made.”

        The judge then adjourned the matter until Jan. 27 for report of compliance.

        The assets, according to the ruling, include the following:

        • Luxury Duplex at Amazon Street, Plot No. 3011 Within Cadastral Zone, A06 Maitama; File No: AN enhancement 11352, which was purchased in December 2022 at N500,000, 000.00 (value after enhancement at N5,950, 000, 000);
        • Two Winged Large Storey Building Situate at No. 3, Onitsha Crescent, Area 11,Garki, Cadastral Zone, A03, Abuja (formerly Harmonia Hotels Limited), FCT, which was purchased December 2018 at N7,000,000,000.00.
        • Plot 683, Jabi District, Cadastral Zone B04, Comprising of a five storey Building (now luxurious Meethaq Hotels Ltd, Jabi, with 53 rooms/suites), which was purchased in September 2020 at carcass level at N850,000, 000. 00 with additional N300, 000, 000 to take possession (value after completion N8, 400, 000, 000).
        • Property No. 3130 within Cadastral Zone A04, Asokoro District, FCT, Abuja, comprising of terraces, purchased in January 2021 at N360, 000, 000.00.
        • Property No. 3 Rhine Street, Maitama, Abuja (MEETHAQ HOTELS LTD, MAITAMA WITH 15 ROOMS), which was purchased on in February 2018 at N430, 000, 000.00 (current value after rehabilitation is N12, 950, 000, 000).
        • Plot No. 1241B, Asokoro District Zone (NO. 11A YAKUBU GOWON CRESCENT) ASOKORO DISTRICT, which was purchased July 2021 at N325, 000, 000.00.
        • SHOP NO. C82 CITISCAPE — SHARIFF PLAZA, PLOT 739 CADASTRAL ZONE A07, AMINU KANO CRESCENT, WUSE Il, FCT, ABUJA, which was purchased in March 2024 at N120, 000, 000.00.
        • NO. 4 AHMADU BELLO WAY, NASARAWA GRA, KANO, which was purchased in December 2022 at N300, 000, 000. 00
        • PLOT 157, LAMIDO CRESCENT, NASARAWA, GRA, KANO, purchased in July 2019 with no specific amount stated.
        • A PLAZA, COMMERCIAL TOILETS, LAUNDERING, WAREHOUSE TANKS ADJACENT TO BIRNIN KEBBI MARKET, which was purchased in 2021 at N100, 000, 000.00.
        • 100 HECTARES OF LAND ALONG BRININ KEBBI, JEGA ROAD, which was purchased in 2020 at N100, 000, 000.00.
        • 4 BEDROOM BUNGALOW GESSE PHASE, BIRNIN KEBBI, which was purchased in 2023 at N101, 000, 000.00.
        • SHOPS NOS. A36, B3 VEGAS MALL, WUSE 2, ABUJA, which was purchased in July 2023 at N158, 000, 000.00.
        • NO. 26, BABBI DRIVE, BUA ESTATE, ABUJA, purchased in 2022 at N136, 000, 000.00.
        • NO. 27, EFAB ESTATES AVENUE, 59™ CRESCENT, GWARIMPA, ABUJA, purchased in January 2016 at N120, 000, 000.00.
        • 4 BEDROOM/ 2 ROOMS BOYS QUARTERS AT NO. 10B, DOKA CRESCENT ABAKPA GRA, KADUNA, purchased in January 2018 at N40, 000, 000.00.
        • PLOT NO. 13, IPENT 7 ESTATE, KARSANA DISTRICT, ABUJA, purchased in June 2018 at N85, 000, 000.00.
        • A BEDROOM DUPLEX & BOYS QUARTERS AT NO. 12 YALINGA STREET, OFF ADETOKUNBO ADEMOLA CRESCENT, WUSE Il, ABUJA, purchased in October 2018 at N150, 000, 000.00.
        • TWO WAREHOUSE SHOPS B40 AND B46, WUSE MARKET, ABUJA, purchased in July 2020 at N50, 000, 000.00.
        • TWIN HOUSES AT ZONE E, APO LEGISLATIVE QUARTERS, CADASTRAL ZONE B01, PLOT 14014, GUDU DISTRICT, ABUJA, purchased between February and May 2017 at N250, 000, 000.00.
        • Properties acquired by Khadimiyya for Justice and Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage.
        • These are nine units of three-bedroom, bungalow, three units of two bedroom, bungalow, and 5.4 hectares of land, which were purchased between February 2023 and September 2023 at N187, 000, 000.00.
        • RAYHAAN UNIVERSITY, KEBBI STATE, which include Rayhaan University Permanent Site; Rayhaan University Temporary Site; Rayhaan University Third Site and Rayhaan University Vice Chancellor House valued at N56, 000, 000, 000.00; N37, 800, 000, 000.00; 2, 450, 000, 000.00 and N490, 000, 000.00 respectively.
        • RAYHAAN AGRO ALLIED FACTORY IN KEBBI which include Factory Buildings, Factory Machines and Plants Units, Factory Mosque, Rayhaan Mill Staff Quarters and Rayhaan Bustan Building valued at N4, 200, 000, 000.00; N10, 500, 000, 000.00; N2, 450, 000, 000. 00; N1, 487, 500, 000.00; and N3, 150, 000, 000.00 respectively.
        • AZBIR ARENA, KEBBI STATE, which comprises of Azbir Hotel, Printing Press, Gallery, Gardens, Mosque, Azbir Clothing and Azbir Pharmacy and Supermarket valued at N10, 325, 000, 000.00; N1, 050, 000, 000.00; N581, 000, 000.00; N392, 000, 000.00; N252, 000, 000.00; N350, 000, 000.00 and N175, 000, 000.00 respectively.
        • OTHER PROPERTIES HELD IN KEBBI STATE include Al-Afiya Energy Tanker Garage, opposite Rayhaan University Health Centre, along Sani Abacha Bypass Road,

        The EFCC, in the suit marked: FHC/ABJ/CS/20/2026 dated Jan. 5 but filed on Jan. 6 by J. S. Okutepa, SAN, had sought two reliefs.

        In the affidavit attached to the application and deposed to by Daniel Adebayo, an investigating officer with Special Duties Committee of EFCC, he said the commission received several petitions against Malami from different persons alleging case of corruption, abuse of office and fraud.

        The investigator, who listed three groups that wrote several petitions against the ex-minister, said upon receipt of the series of petitions, they were assigned to his team for discreet investigation.

        “In carrying out the mandate of the commission, my team carried out several investigation activities which include making inquiries and receiving financial records from commercial banks and the Central Bank of Nigeria (CBN),” he said.

        The investigator said it also included writing and receiving responses from the Corporate Affairs Commission (CAC), the Federal Inland Revenue Services (FIRS) and the Code of Conduct Bureau (CCB).

        Others were the Abuja Geographical Information System (AGIS), the Land Registry of Kebbi State, Sokoto State and Kano State, Kebbi State Inland Revenue Service, FCT Inland Revenue Services and National Universities Commission (NUC).

        Besides, Adebayo said it included visiting the sold landed properties as well as inviting and interviewing individuals who featured in the investigation.

        He said Malami, who was former AGF between 2015 and 2023, was was paid a total of N89, 664, 000.00 as salary between 2015 and 2023 whilst in office with an average payment of N962,663.68 per month.

        “He also received a severance allowance of N12, 158, 400.00 at the end of his tenure in office,” he said.

        The investigator said Malami was also paid estacodes allowances to cover his travel expenses whenever he travelled outside the country on official trips.

        According to the officer, he (Malami) calculated and declared a total sum of N253, 608, 500.00 as the amount he received for the official trips between 2015 and 2023 in a letter written to the Chairman of the CCB as addendum to his Assets Declaration Form in June 2023.

        “Further to sub-paragraph (c) above, Mr Malami SAN in the course of investigation by the EFCC also filled and signed another Asset Declaration form which is attached and marked as Exhibit EFCC 4.

        “I know that estacode allowances are not paid as income to public official but to cover expenses which a public officer will incur for official trips outside the country,” he said.

        Adebayo averred that Malami did not state that he neither travelled for the official trips nor did not use the allowances paid for the trips.

        “Mr Malami SAN used his position in office as the Honourable Minister of Justice and Attorney General of the Federation to acquire and disguise funds which are not part of his known lawful sources of income.

        “That while standing as a guarantor to the loan availed his private enterprises, Rayhaan Hotels Ltd by Zenith Bank Plc, Mr Malami SAN declared his personal assets before a Notary public on the 10th of September, 2020.

        “In the declaration, Mr Malami SAN stated that the total value of his assets was N41, 000, 000.00, while his net income per month after expenses was N397, 000.

        “That I know as a fact and verily believe the findings of the investigation that Mr Malami SAN whilst in office as the HAGF indirectly acquired the properties listed in the schedule to the application, with funds reasonably suspected to have been derived from unlawful activities.

        “That aside the actual acquisition of the properties, most of the buildings referred to above in Kebbi State, did not obtain permit to erect most of the various structures in Kano and Kebbi States.

        “That Mr Malami SAN indirectly acquired some of the above listed properties either in his name or through third party individuals or front companies/entities (which are currently under his chairmanship vide the Rayhaan Group Ltd),” the investigator alleged.

        The officer equally listed several other companies under the Rayhaan Group Ltd to include Rayhaan Hotels Limited, Atmal Oil and Gas Limited and Rayhaan Communication Limited, among others. (NAN)

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        57 Property interim forfeiture Malami
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