The Economic and Financial Crimes Commission (EFCC) has traced 41 properties valued at about ₦212.9 billion to Abubakar Malami, a former Attorney-General of the Federation and Minister of Justice, according to court documents obtained by TheCable.
The assets—comprising hotels, residential buildings, schools, industrial facilities, and undeveloped lands—are spread across Kebbi State, Kano State and the Federal Capital Territory (FCT), Abuja.
A breakdown of the valuations shows that properties linked to Mr Malami in Kebbi State account for the bulk of the assets, with an estimated value of ₦162.2 billion. Assets in Kano State are valued at about ₦16.01 billion, while those in the FCT are estimated at ₦34.69 billion.
The EFCC has also filed a 16-count charge bordering on money laundering against Mr Malami and his son, Abdulaziz Malami, at the Federal High Court. The charges are brought under Sections 15, 18 and 21 of the Money Laundering (Prevention and Prohibition) Act. Both defendants are yet to enter a plea.
According to the charge sheet, the properties include multiple educational institutions under the Rayhaan brand in Kebbi, industrial facilities such as agro-allied factories and oil and gas infrastructure, hotels, private residences, media outlets, and commercial buildings. Investigators also listed high-value hotels and residential properties in Kano and Abuja, including luxury hotels in Maitama, Jabi and Garki areas of the FCT.
The EFCC alleges that the assets are proceeds of unlawful activities and form part of a complex network of properties acquired through associates and family members.
Mr Malami served as Nigeria’s Attorney-General and Minister of Justice from 2015 to 2023.
The full list of the properties are:
Kebbi State Properties
Total valuation: N162,195,950,000.00
Rayhaan University and Education
Rayhaan University Permanent Site: N56,000,000,000.00
Rayhaan University Temporary Site: N37,800,000,000.00
Rayhaan University Third Site: N2,450,000,000.00
Rayhaan University Vice Chancellor House: N490,000,000.00
Rayhaan Model Academy: N11,200,000,000.00
Rayhaan Primary and Secondary School: N8,750,000,000.00
Rayhaan Agro Allied Factory & Commercial
Factory Buildings: N4,200,000,000.00
Factory Machines and Plants Units: N10,500,000,000.00
Factory Mosque: N2,450,000,000.00
Rayhaan Mill Staff Quarters (10 units): N1,487,500,000.00
Rayhaan Bustan Building: N3,150,000,000.00
Printing Press: N1,050,000,000.00
Al-Afiya Energy Tanker Garage: N2,450,000,000.00
Amasdul Oil and Gas Ltd Structure: N1,050,000,000.00
Rayhaan Radio: N78,750,000.00
Azbir Brand Properties
Azbir Hotel: N10,325,000,000.00
Gallery: N581,000,000.00
Gardens: N392,000,000.00
Mosque: N252,000,000.00
Azbir Clothing: N350,000,000.00
Azbir Pharmacy and Supermarket: N175,000,000.00
Residential and Foundations
Malami House GRA: N350,000,000.00
Malami House Behind Mobil: N490,000,000.00
Malami Residence Behind Cemetery: N350,000,000.00
Abdulaziz (First Son House): N1,659,000,000.00
Ahbiru (Second Son House): N2,989,000,000.00
Malami Support Organization Building ADC: N210,000,000.00
Kadi Malami Foundation Building: N56,000,000.00
Rayhaan Security House: N245,700,000.00
Uncompleted 3 Storey Complex: N665,000,000.00
Kano State Properties
Total valuation: N16,011,800,000.00
Zeennoor Hotel: N11,200,000,000.00
Zeennoor Mosque: N84,000,000.00
Zeennoor Old Hotel Building: N280,000,000.00
Rayhaan Hotel Kano: N2,240,000,000.00
Rayhaan Gym Kano: N1,225,000,000.00
Wife’s House (Ahmadu Bello Way, Kano): N982,800,000.00
FCT Abuja Properties
Total valuation: N34,685,000,000.00
Duplex at Amazon Street, Maitama: N5,950,000,000.00
Meethaq Hotel (Jabi Branch): N8,400,000,000.00
Meethaq Hotel (Maitama Branch): N12,950,000,000.00
42 Units of Bungalow at Efab Estate: N385,000,000.00
Harmonia Hotels, Area 11 Garki: N7,000,000,000.00
Grand total valuation: N212,892,750,000
