EFCC Seeks Final Forfeiture of Abubakar Malami's 57 Properties
Analysis based on 22 articles · First reported Apr 02, 2026 · Last updated Apr 02, 2026
This event signifies a continued crackdown on corruption in Nigeria, potentially improving investor confidence in the long term by demonstrating accountability. However, it could also create short-term uncertainty for businesses and individuals linked to the accused, particularly those in the real estate sector in affected states.
The Nigeria===Economic and Financial Crimes Commission (EFCC) has asked the Nigeria===Federal High Court of Nigeria in Abuja to permanently forfeit 57 properties, valued at approximately N213.2 billion, allegedly linked to Abubakar Malami, SAN, the former Minister of Justice and Attorney General of the Federation. The EFCC claims these properties, located across Abuja, Kebbi, Kano, and Kaduna states, including Rayhaan University, were acquired through unlawful activities and are disproportionate to Malami's known lawful income between 2015 and 2023. An interim forfeiture order was previously issued, and the EFCC argues that Malami and other respondents, including his sons and several companies, have failed to provide sufficient evidence to vacate it. The case highlights ongoing efforts by the Nigerian government to recover assets obtained through corruption.
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