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A Federal High Court in Abuja has ordered the interim forfeiture of 57 properties valued at over N213 billion, suspected to be proceeds of unlawful activities allegedly linked to former Attorney-General of the Federation Abubakar Malami and two of his sons.
The order was granted on Tuesday by Justice Emeka Nwite following an ex parte application filed by the Economic and Financial Crimes Commission (EFCC)
According to the EFCC, the properties allegedly linked to Malami, Abdulaziz Malami, and Abiru Rahman Malami are valued at N213,234,120,000.
In his ruling, Justice Nwite said the assets were reasonably suspected to have been acquired with proceeds of unlawful activities.
“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 ruled.
He also directed the EFCC to publish the interim forfeiture order in a national daily newspaper, “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 adjourned the matter to January 27, 2026, for a report on compliance with the publication order.
Malami, his wife, Bashir Asabe, and his son, Abubakar Abdulaziz, are currently standing trial before the same court on allegations of money laundering involving N8.7 billion.
Some of the properties listed for interim forfeiture include Rayhaan University Buildings, Agro Allied factory buildings, machines, hotels, pharmacies, supermarkets, primary and secondary schools, oil and gas filling stations, shops, and other buildings.
Some of them are:
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 in December 2018 for N7,000,000,000.
Plot 683, Jabi District, Cadastral Zone B04, Comprising 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 with an 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 Terraces, purchased in January 2021 at N360,000,000.
Property No. 3, Rhine Street, Maitama, Abuja (Meethaq Hotels Limited, Maitama, with 15 ROOMS), which was purchased in February 2018 at N430,000,000 (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 in July 2021 at N325,000,000.
Shop No. C82 Citiscape—Shariff Plaza, Plot 739 Cadastral Zone A07, Aminu Kano Crescent, Wuse II, FCT, Abuja, which was purchased in March 2024 at N120,000,000.
No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, purchased in December 2022 for N300,000,000.
Plot 157, Lamido Crescent, Nasarawa, GRA, Kano, purchased in July 2019 with no specific amount stated.
A Plaza, Commercial Toilets, Laundering, Warehouse Tanks Adjacent
100 Hectares of Land Along Birnin Kebbi-Jega Road, purchased in 2020 for N100,000,000.
Four-bedroom bungalow in Gesse Phase, Birnin Kebbi, purchased in 2023 for N101,000,000.
Shops Nos. A36, B3 Vegas Mall, Wuse 2, Abuja, were purchased in July 2023 for N158,000,000.
No. 26, Babbi Drive, Bua Estate, Abuja, purchased in 2022 at N136,000,000.
No. 27, Efab Estates Avenue, 59th Crescent, Gwarimpa, Abuja, purchased in January 2016 at N120,000,000.
Four Bedroom/2 Rooms Boys Quarters at No. 10B, Doka Crescent, Abakpa GRA, Kaduna, purchased in Jan. 2018 for N40,000,000.00.
Plot No. 13, Ipent 7 Estate, Karsana District, Abuja, purchased in June 2018 at N85,000,000.
A Bedroom Duplex & Boys Quarters At No. 12 Yalinga Street, Off Adetokunbo Ademola Crescent, Wuse II, Abuja, purchased in Oct. 2018 at N150,000,000.
Two Warehouse Shops B40 and B46, Wuse Market, Abuja, purchased in July 2020 at N50,000,000.
Twin Houses at Zone E, Apo Legislative Quarters, Cadastral Zone B01, Plot 14014, Gudu District, Abuja, were purchased between February and May 2017 at N250,000,000.
Properties acquired by the Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage, namely.
Others include nine units of three-bedroom bungalows, three units of two-bedroom bungalows, and 5.4 hectares of land, purchased between February 2023 and September 2023 at N187,000,000, among other assets listed in the schedule.
