EFCC
Olamilekan Abayomi
The Economic and Financial Crimes Commission (EFCC) is pushing for the final seizure of 57 properties allegedly linked to former Attorney General of the Federation, Abubakar Malami. The properties, valued at approximately N213.2 billion, are spread across Abuja, Kebbi, Kano, and Kaduna states, and include assets associated with Rayhaan University in Kebbi.
The EFCC obtained an interim forfeiture order on January 6, 2026, and has now applied for a final forfeiture order, arguing that Malami’s lawful income between 2015 and 2023 is disproportionate to the value of the assets. The commission alleges that some properties were acquired through proxies and corporate entities linked to Malami, including Rayhaan Group Ltd.
The EFCC’s investigation involved reviewing financial records, interviewing individuals, and verifying assets. The commission claims that Malami’s total earnings during his tenure as minister were N89,664,000, with an average monthly salary of N962,664, which is inconsistent with the value of the properties in question.
Malami and other respondents have challenged the interim forfeiture order, but the EFCC argues that they have failed to provide sufficient evidence to overturn it. The case is scheduled for hearing on April 21, 2026.
Some of the notable properties include a luxury duplex at Amazon Street, Maitama, valued at N5.95 billion, and a two-winged storey building at Onitsha Crescent, Area 11, Garki, formerly Harmonia Hotels, valued at N7 billion. Other assets include Rayhaan University’s permanent site, valued at N56 billion, and Meethaq Hotels in Jabi and Maitama, collectively valued at over N21 billion.
The EFCC has also traced several residential properties in Kebbi to Malami and members of his family, including houses in GRA areas, residences linked to his sons, and buildings associated with foundations and support organisations bearing his name.
Malami has accused the EFCC of unlawful property seizure and forced eviction, claiming that the agency acted without a valid court order. The EFCC, however, maintains that it has followed due process and obtained the necessary court orders.
The outcome of the case is expected to have significant implications for Malami and the EFCC’s efforts to recover allegedly ill-gotten assets.
