EFCC Discovers 41 Properties Worth N212.8 Billion Linked to Former Attorney General Abubakar Malami

The Economic and Financial Crimes Commission has uncovered a massive property portfolio allegedly belonging to Nigeria's former Attorney General. Documents obtained reveal shocking details about the assets under investigation.

Former Attorney General of the Federation and Minister of Justice Abubakar Malami faces serious allegations as the EFCC traces 41 properties valued at N212.89 billion to him. The revelation comes amid an ongoing corruption probe that has gripped the nation.

The properties span three key locations. Kebbi State accounts for the largest share, Kano State follows, and the Federal Capital Territory completes the portfolio.

Abubakar Malami Properties in Kebbi State Worth N162 Billion

Kebbi State houses 30 properties with an estimated total value of N162.19 billion. The collection includes educational institutions, commercial ventures, and luxury residential estates.

Rayhaan University Properties and Educational Assets

The investigation reveals extensive educational infrastructure. Rayhaan University's permanent site carries a valuation of N56 billion. The temporary campus is valued at N37.8 billion. A third university location adds N2.45 billion to the portfolio.

The vice chancellor's residence alone is worth N490 million. Rayhaan Model Academy commands a valuation of N11.2 billion. The primary and secondary school complex is valued at N8.75 billion.

Rayhaan Agro Allied Industrial Complex

The former minister's industrial holdings are substantial. Factory buildings are valued at N4.2 billion. Machines and plant units total N10.5 billion. The factory mosque carries a N2.45 billion price tag.

Staff quarters consist of 10 units worth N1.487 billion combined. The Rayhaan Bustan Building is valued at N3.15 billion.

Azbir Brand Commercial Properties

The Azbir Hotel in Birnin Kebbi commands a valuation of N10.325 billion. A gallery and printing press together are worth N1.631 billion. Gardens and a mosque are valued at N644 million.

Azbir Clothing carries a N350 million valuation. The pharmacy and supermarket are worth N175 million combined.

Additional Commercial Assets in Kebbi

Al-Afiya Energy tanker garage is valued at N2.45 billion. Amasdul Oil and Gas structure carries a N1.05 billion price tag. Rayhaan Radio station is worth N78.75 million.

Support organization buildings include the Malami Support Organisation at N210 million. The Kadi Malami Foundation building is valued at N56 million.

Residential Properties in Kebbi State

Malami House in GRA is valued at N350 million. Another Malami House behind Mobil carries a N490 million valuation. A residence behind a cemetery is worth N350 million.

Properties linked to family members show significant value. The house identified as belonging to Abdulaziz (first son) is valued at N1.659 billion. Ahbiru's residence (second son) carries a N2.989 billion price tag.

Former Attorney General Properties in Kano State: N16 Billion Portfolio

Kano State properties total N16.01 billion according to investigation documents. The collection features luxury hotels, religious structures, and residential estates.

Zeennoor and Rayhaan Hotels in Kano

Zeennoor Hotel leads the Kano portfolio with an N11.2 billion valuation. The old Zeennoor Hotel building is worth N280 million. Zeennoor Mosque is valued at N84 million.

Rayhaan Hotel Kano carries a N2.24 billion price tag. The Rayhaan Gym facility is worth N1.2225 billion.

Residential Holdings in Kano

A property on Ahmadu Bello Way described as a wife's residence is valued at N982.8 million. This adds to the growing list of family-linked assets.

Malami FCT Properties: N34.68 Billion in Nigeria's Capital

The Federal Capital Territory holdings amount to N34.685 billion. Luxury properties dominate this portfolio section.

Maitama and Jabi Luxury Properties

A duplex on Amazon Street in Maitama is valued at N5.95 billion. Meethaq Hotel's Jabi branch carries an N8.4 billion valuation. The Maitama branch of Meethaq Hotel is worth N12.95 billion.

Estate Holdings and Additional Hotels

Two bungalow units at Efab Estate are valued at N385 million. Harmonia Hotel in Area 11, Garki commands a N7 billion price tag.

EFCC Charges Against Abubakar Malami and Son

The federal government filed 16 counts of money laundering charges. Both Malami and his son Abdulaziz face allegations under the Money Laundering Prevention and Prohibition Act.

Details of Money Laundering Allegations

Prosecutors allege involvement in laundering N1.14 billion. The funds were allegedly traced to a Sterling Bank account. Charges cite violations of Sections 15, 18, and 21 of the anti-money laundering law.

The prosecution claims the defendants knew funds represented proceeds from illegal activities. Accusations include using Metropolitan Auto Tech Limited to conceal unlawful money origins between July 2022 and June 2025.

EFCC Raid on Malami Homes and Offices

On December 17, EFCC operatives conducted searches at multiple locations. Malami's homes and offices in Abuja and Kebbi State were visited during the investigation.

Malami's Response to EFCC Actions

The former minister claimed the searches amounted to intimidation. He linked the actions to his earlier reference to the Justice Ayo Salami Commission report. That report allegedly indicted EFCC Chairman Ola Olukoyede.

His statement described the operations as retaliatory and a threat to rule of law. However, no evidence was provided connecting the searches to his public comments.

What charges does Malami face?

He faces 16 counts of money laundering along with his son Abdulaziz under the Money Laundering Prevention and Prohibition Act.