EFCC Uncovers 41 Properties Worth ₦212.8bn Linked to Ex-AGF Abubakar Malami
The EFCC has traced 41 properties valued at over ₦212.8bn to former Attorney-General Abubakar Malami across Kebbi, Kano and Abuja, as the FG files a 16-count money laundering charge against him and his son
EFCC Traces 41 High-Value Properties Worth ₦212.8bn to Ex-AGF Abubakar Malami
The Economic and Financial Crimes Commission (EFCC) has traced 41 high-value properties to Abubakar Malami, former Attorney-General of the Federation and Minister of Justice, in one of the most expansive asset investigations involving a former top government official.
According to an investigative report by TheCable, the properties — comprising hotels, residential buildings, educational institutions, industrial facilities, lands and a printing press — are spread across Kebbi State, Kano State, and the Federal Capital Territory (FCT), Abuja.
The cumulative value of the assets is estimated at a staggering ₦212,892,750,000, with Kebbi State accounting for the largest share.
A breakdown of the valuation shows that properties in Kebbi State are worth ₦162,195,950,000, those in Kano State are valued at ₦16,011,800,000, while assets located in the FCT are estimated at ₦34,685,000,000.
Meanwhile, the Federal Government has filed a 16-count charge bordering on money laundering against Malami and his son, Abdulaziz Malami. The charges are said to contravene Sections 15, 18 and 21 of the Money Laundering (Prevention and Prohibition) Act.
The EFCC alleges that the father and son engaged in financial transactions inconsistent with lawful income, prompting the tracing and documentation of the assets now under scrutiny.
Below is the full breakdown of the properties linked to the former justice minister, as compiled from official records:
Kebbi State Properties
Total Valuation: ₦162,195,950,000
Rayhaan University & Education Assets
- Rayhaan University (Permanent Site): ₦56bn
- Rayhaan University (Temporary Site): ₦37.8bn
- Rayhaan University (Third Site): ₦2.45bn
- Vice-Chancellor’s Residence: ₦490m
- Rayhaan Model Academy: ₦11.2bn
- Rayhaan Primary & Secondary School: ₦8.75bn
Rayhaan Agro-Allied & Commercial Assets
- Factory Buildings: ₦4.2bn
- Machines & Plant Units: ₦10.5bn
- Factory Mosque: ₦2.45bn
- Staff Quarters (10 Units): ₦1.487bn
- Rayhaan Bustan Building: ₦3.15bn
- Printing Press: ₦1.05bn
- Al-Afiya Energy Tanker Garage: ₦2.45bn
- Amasdul Oil & Gas Structure: ₦1.05bn
- Rayhaan Radio Station: ₦78.75m
Azbir Brand Properties
- Azbir Hotel: ₦10.325bn
- Gallery: ₦581m
- Gardens: ₦392m
- Mosque: ₦252m
- Azbir Clothing Store: ₦350m
- Azbir Pharmacy & Supermarket: ₦175m
Residential & Foundation Properties
- Malami House, GRA: ₦350m
- Malami House (Behind Mobil): ₦490m
- Malami Residence (Behind Cemetery): ₦350m
- Abdulaziz Malami’s House: ₦1.659bn
- Ahbiru Malami’s House: ₦2.989bn
- Malami Support Organisation (ADC): ₦210m
- Kadi Malami Foundation Building: ₦56m
- Rayhaan Security House: ₦245.7m
- Uncompleted Three-Storey Complex: ₦665m
Kano State Properties
Total Valuation: ₦16,011,800,000
- Zeennoor Hotel: ₦11.2bn
- Zeennoor Mosque: ₦84m
- Zeennoor Old Hotel Building: ₦280m
- Rayhaan Hotel, Kano: ₦2.24bn
- Rayhaan Gym, Kano: ₦1.225bn
- Wife’s Residence (Ahmadu Bello Way): ₦982.8m
FCT Abuja Properties
Total Valuation: ₦34,685,000,000
- Duplex, Amazon Street, Maitama: ₦5.95bn
- Meethaq Hotel, Jabi: ₦8.4bn
- Meethaq Hotel, Maitama: ₦12.95bn
- 42 Bungalow Units, Efab Estate: ₦385m
- Harmonia Hotel, Area 11, Garki: ₦7bn
Grand Total Asset Valuation: ₦212,892,750,000
The case is expected to further test the Federal Government’s renewed commitment to the anti-corruption campaign, as legal proceedings against the former justice minister and his son unfold in court.The EFCC has traced 41 properties valued at over ₦212.8bn to former Attorney-General Abubakar Malami across Kebbi, Kano and Abuja, as the FG files a 16-count money laundering charge against him and his son
EFCC Traces 41 High-Value Properties Worth ₦212.8bn to Ex-AGF Abubakar Malami
The Economic and Financial Crimes Commission (EFCC) has traced 41 high-value properties to Abubakar Malami, former Attorney-General of the Federation and Minister of Justice, in one of the most expansive asset investigations involving a former top government official.
According to an investigative report by TheCable, the properties — comprising hotels, residential buildings, educational institutions, industrial facilities, lands and a printing press — are spread across Kebbi State, Kano State, and the Federal Capital Territory (FCT), Abuja.
The cumulative value of the assets is estimated at a staggering ₦212,892,750,000, with Kebbi State accounting for the largest share.
A breakdown of the valuation shows that properties in Kebbi State are worth ₦162,195,950,000, those in Kano State are valued at ₦16,011,800,000, while assets located in the FCT are estimated at ₦34,685,000,000.
Meanwhile, the Federal Government has filed a 16-count charge bordering on money laundering against Malami and his son, Abdulaziz Malami. The charges are said to contravene Sections 15, 18 and 21 of the Money Laundering (Prevention and Prohibition) Act.
The EFCC alleges that the father and son engaged in financial transactions inconsistent with lawful income, prompting the tracing and documentation of the assets now under scrutiny.
Below is the full breakdown of the properties linked to the former justice minister, as compiled from official records:
Kebbi State Properties
Total Valuation: ₦162,195,950,000
Rayhaan University & Education Assets
- Rayhaan University (Permanent Site): ₦56bn
- Rayhaan University (Temporary Site): ₦37.8bn
- Rayhaan University (Third Site): ₦2.45bn
- Vice-Chancellor’s Residence: ₦490m
- Rayhaan Model Academy: ₦11.2bn
- Rayhaan Primary & Secondary School: ₦8.75bn
Rayhaan Agro-Allied & Commercial Assets
- Factory Buildings: ₦4.2bn
- Machines & Plant Units: ₦10.5bn
- Factory Mosque: ₦2.45bn
- Staff Quarters (10 Units): ₦1.487bn
- Rayhaan Bustan Building: ₦3.15bn
- Printing Press: ₦1.05bn
- Al-Afiya Energy Tanker Garage: ₦2.45bn
- Amasdul Oil & Gas Structure: ₦1.05bn
- Rayhaan Radio Station: ₦78.75m
Azbir Brand Properties
- Azbir Hotel: ₦10.325bn
- Gallery: ₦581m
- Gardens: ₦392m
- Mosque: ₦252m
- Azbir Clothing Store: ₦350m
- Azbir Pharmacy & Supermarket: ₦175m
Residential & Foundation Properties
- Malami House, GRA: ₦350m
- Malami House (Behind Mobil): ₦490m
- Malami Residence (Behind Cemetery): ₦350m
- Abdulaziz Malami’s House: ₦1.659bn
- Ahbiru Malami’s House: ₦2.989bn
- Malami Support Organisation (ADC): ₦210m
- Kadi Malami Foundation Building: ₦56m
- Rayhaan Security House: ₦245.7m
- Uncompleted Three-Storey Complex: ₦665m
Kano State Properties
Total Valuation: ₦16,011,800,000
- Zeennoor Hotel: ₦11.2bn
- Zeennoor Mosque: ₦84m
- Zeennoor Old Hotel Building: ₦280m
- Rayhaan Hotel, Kano: ₦2.24bn
- Rayhaan Gym, Kano: ₦1.225bn
- Wife’s Residence (Ahmadu Bello Way): ₦982.8m
FCT Abuja Properties
Total Valuation: ₦34,685,000,000
- Duplex, Amazon Street, Maitama: ₦5.95bn
- Meethaq Hotel, Jabi: ₦8.4bn
- Meethaq Hotel, Maitama: ₦12.95bn
- 42 Bungalow Units, Efab Estate: ₦385m
- Harmonia Hotel, Area 11, Garki: ₦7bn
Grand Total Asset Valuation: ₦212,892,750,000
The case is expected to further test the Federal Government’s renewed commitment to the anti-corruption campaign, as legal proceedings against the former justice minister and his son unfold in court. Read More
