More
    HomeNewsCourt Grants Interim Forfeiture of 57 Properties, Valued at N213.2bn Linked to...

    Court Grants Interim Forfeiture of 57 Properties, Valued at N213.2bn Linked to Malami, Two Others

    Published on

    A Federal High Court sitting in Abuja on Tuesday, January 6, 2026 ordered the interim forfeiture of 57 properties suspected to be proceeds of unlawful activities linked to a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN) and two of his sons, Abdulaziz Malami and Abiru—Rahman Malami, to the Federal Government.
    Justice Emeka Nwite granted the order following an ex-parte motion moved by counsel to the Economic and Financial Crimes Commission, EFCC, Ekele Iheanacho (SAN).
    The multi-billion naira landed properties , valued at N213,234,120,000 are located in Abuja, Kebbi, Kano, and Kaduna States.
    In granting the order, Justice Nwite ruled that, “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 also directed the publication of the interim order of forfeiture in any national daily “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.”
    He, therefore, adjourned the matter until January 27, 2026, for a report of compliance.
    Malami, his wife, Bashir Asabe, and his son, Abubakar Abdulaziz, are currently facing an alleged N8.7 billion money laundering charge before Justice Nwite.
    The properties include: Rayhaan University Buildings, Agro allied factory buildings, machines, hotels, pharmacy, supermarket, 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 Dec. 2018 at N7,000,000,000.
    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 Sept. 2020 at carcass level at N850,000,000 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 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) AsokoroDistrict, 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 Il, FCT, Abuja, which was purchased in March 2024 at N120,000,000.
    No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, which was purchased in December 2022 at 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, which was purchased in 2020 at N100,000,000.
    Four Bedroom Bungalow Gesse Phase, Birnin Kebbi, which was purchased in 2023 at N101,000, 000.
    Shops Nos. A36, B3 Vegas Mall, Wuse 2, Abuja, which was purchased in July 2023 at N158,000,000.
    No. 26, Babbi Drive, Bua Estate, Abuja, purchased in 2022 at N136,000,000.
    No. 27, Efab Estates Avenue, 59™️ Crescent, Gwarimpa, Abuja, purchased in January 2016 at N120,000,000.
    Four Bedroom/ 2 Rooms Boys Quarters AtNo. 10B, Doka Crescent Abakpa GRA, Kaduna, purchased in Jan. 2018 at 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 Il, 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, was purchased between February and May 2017 at N250,000,000.
    Properties acquired by Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage namely.
    Others 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, among other assets listed in the schedule.

    Latest articles

    APC South-South Says Rivers Assembly Impeachment Plot is Retaliation Against Fubara for Rejecting Fictitious Projects in 2026 Budget

    The All Progressives Congress (APC) South-South Group has accused Rivers Assembly lawmakers loyal to...

    NIGER EAST 2027: WHY THERE IS NO ALTERNATIVE TO 313

    By Mohammed A. Mohammed In Niger East, a quiet revolution began in 2019 when...

    Energy governance group faults ADC, says Tinubu’s approval of NNPC legacy balance reconciliation restores fiscal transparency, not revenue loss

    The Centre for Energy Governance and Public Finance Accountability (CEGPFA) has dismissed claims by...

     PDP vows to reclaim Lugard house seat of Kogi state government in 2027

    Olu Samuel The Chairman of the Kogi state People's Democratic party, PDP, Hon. Muhammed Sanni...

    More like this

    APC South-South Says Rivers Assembly Impeachment Plot is Retaliation Against Fubara for Rejecting Fictitious Projects in 2026 Budget

    The All Progressives Congress (APC) South-South Group has accused Rivers Assembly lawmakers loyal to...

    NIGER EAST 2027: WHY THERE IS NO ALTERNATIVE TO 313

    By Mohammed A. Mohammed In Niger East, a quiet revolution began in 2019 when...

    Energy governance group faults ADC, says Tinubu’s approval of NNPC legacy balance reconciliation restores fiscal transparency, not revenue loss

    The Centre for Energy Governance and Public Finance Accountability (CEGPFA) has dismissed claims by...