By EFCC Lists 57 Properties Linked to Ex-AGF Abubakar Malami Worth Hundreds of Billions as Court Orders Forfeiture
The Economic and Financial Crimes Commission (EFCC) has released details of 57 properties allegedly linked to former Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), following an interim forfeiture order issued by the Federal High Court in Abuja.
The order, marked FHC/ABJ/CS/20/2026, authorises the temporary forfeiture of the assets pending the determination of the case and invites any interested persons to appear before the court to show cause why the properties should not be permanently forfeited to the Federal Government.
The development represents one of the most extensive asset recovery actions undertaken by the anti-graft agency in recent years, with the properties spread across the Federal Capital Territory, Kebbi and Kano States.
Luxury Properties Across Abuja
A significant number of the assets are located in some of Abuja’s most exclusive neighbourhoods, including Maitama, Asokoro, Wuse II, Garki, Gwarinpa and Jabi.
Among the notable properties listed by the EFCC are a luxury duplex on Amazon Street in Maitama, reportedly purchased for N500 million in 2022 but now estimated to be worth about N5.95 billion, and a five-storey hotel complex in Jabi currently operating as Meethaq Hotels Limited, valued at approximately N8.4 billion.
The commission also listed another Meethaq Hotels property on Rhine Street, Maitama, which it estimates is now worth N12.95 billion after renovation.
Other Abuja assets include residential houses, shopping mall units, warehouses, commercial buildings, terraces, land, and twin houses in Apo Legislative Quarters.
Kano and Kebbi Properties
Outside the Federal Capital Territory, the EFCC identified numerous high-value assets in Kano and Kebbi States.
The list includes Zeennoor Hotel in Kano with 131 rooms, Rayhaan Hotel opposite Aminu Kano Teaching Hospital, a gymnasium, mosques and other commercial facilities.
In Kebbi State, investigators listed hotels, schools, agricultural facilities, fuel stations, shopping complexes, warehouses, private residences and more than 100 hectares of land.
Rayhaan University Among Biggest Assets
Perhaps the most valuable assets in the forfeiture application are those associated with Rayhaan University in Kebbi State.
According to court documents, the university’s permanent site was valued at N56 billion, while its temporary campus was estimated at N37.8 billion. A third campus, the Vice-Chancellor’s residence and other university facilities also formed part of the assets covered by the court order.
The EFCC also included Rayhaan Agro Allied Factory, whose factory buildings, industrial machines, staff quarters and related facilities are collectively worth several billions of naira.
Foundations and Organisations Also Listed
The forfeiture application extends beyond residential and commercial properties.
Assets linked to Khadimiyya for Justice & Development Initiative include housing units and more than five hectares of land in Birnin Kebbi.
Other properties allegedly connected to foundations and organisations associated with Malami were also listed, including the Malami Support Organisation building and the ADC Kadi Malami Foundation building.
Nature of the Court Order
An interim forfeiture order is a temporary legal measure. It does not amount to a final determination that the assets were unlawfully acquired. Instead, it preserves the properties while allowing any interested party to appear before the court and provide evidence explaining why the assets should not be permanently forfeited.
The publication of the asset list forms part of that legal process, giving members of the public and any affected persons an opportunity to respond before the court decides whether to grant a final forfeiture order.
The EFCC has maintained that the application is part of its ongoing efforts to recover assets suspected to be proceeds of unlawful activities.
As of the time of filing this report, there has been no fresh public response from Abubakar Malami regarding the interim forfeiture order and the extensive list of properties published by the anti-graft agency.
Why This Story Is Significant
If the interim forfeiture is eventually upheld, it would rank among the largest asset recovery cases in Nigeria’s anti-corruption history, involving luxury real estate, hotels, educational institutions, industrial facilities, commercial buildings and large parcels of land with a combined estimated value running into hundreds of billions of naira.
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