₦airaland Forum

The move came after Justice Emeka Nwite granted EFCC an interim forfeiture order on January 6, 2026, in Suit No. FHC/ABJ/CS/20/2026.
The order temporarily handed the commission control of houses, hotels, schools, factories, and plots of land across Abuja, Kano, and Kebbi.
EFCC’s ex parte motion claimed the assets were “reasonably suspected to be proceeds of unlawful activities”.

Malami’s sworn response, however, stated that it was not true.

“There is no prima facie evidence,” the affidavit read, insisting every property was bought with legitimate funds and declared to the Code of Conduct Bureau long before the EFCC move. [b]To prove it, the former AGF laid out N15.5 billion in “lawful income” earned between 2015 and 2023. That included N374.6 million as AGF salary and allowances, N10.01 billion business turnover, N3.52 billion in bank loans, N958 million in wedding gifts, and N509.8 million from two book launches.

Companies named included Rayhaan Hotels, Zeennoor Hotels, Meethaq Hotels, Rayhaan Bustan Agro Allied, Azbir Arena, and Rayhaan University. He accused EFCC of inflating values to “mislead the court”.

A Maitama duplex the commission valued at N5.95 billion was bought for N500 million, Malami said, add-ing that Rayhaan University’s permanent site, pegged at N56 billion by EFCC, had receipts showing N150 million, while an independent valuation by Jide Taiwo & Co was attached to back his figures. Malami tendered four CCB asset declaration forms from 2015, 2019, and 2023, arguing that the disputed properties were already on record before the case began.

He also said six assets, including Rayhaan Hotel, Kano, and Malami Support Organisation Building, were acquired between 2006 and 2013 — before he became minister. The affidavit took a personal turn when Malami said armed EFCC operatives evicted his family from six Abuja homes on March 24, 2026, without a final forfeiture order. “My wives and children, who are minors, were chased out,” he stated, and added that title documents were seized during his 25-day detention in December 2025.

The interim order might have started to hit his businesses already. For instance, NEXIM Bank recalled a N1.122 billion loan to Rayhaan Bustan Agro Allied days after the court ruling, the affidavit said. Zenith Bank, which guaranteed the facility, also began charging daily interest on the balance, it added. Malami also addressed the criminal angle. The forfeiture, he stated, leaned on Charge No. FHC/CR/700/2025, where he had pleaded not guilty. “Allegations are being contested and not determined,” he wrote.

On four Abuja properties tied to businessman Abdulrahman Musa Bashir, Malami said they stemmed from pre-2015 legal and business deals, later settled by set-off. Another property, he claimed, belonged to his late father’s estate and was held in trust for other heirs. The court had directed any interested party to “show cause” why the assets shouldn’t be permanently forfeited to the federal government. “I have fully accounted for ownership and lawful source of funds,” Malami’s affidavit concluded. Nwite is expected to set a hearing date to decide whether to lift the interim order or make it final. For now, the hotels, schools, and mansions remained in EFCC’s custody. Outside the court, Malami’s lead counsel, J.B. Daudu, SAN, told reporters that the interim order was “based on speculation, not evidence”. EFCC declined comment on the new filings.

To prove it, the former AGF laid out N15.5 billion in “lawful income” earned between 2015 and 2023. That included N374.6 million as AGF salary and allowances,

Oya, you fit earn millions legitimately as a minister

this man was earning billions as a minister

femi4:
Criminal jatijati..he ll rot in jail

frog12:
Oya, you fit earn millions legitimately as a minister

this man was earning billions as a minister

dragunov:
Let him be grandstanding. Every kobo he got illegitimately and through abuse of office, power and influence will be taken from him. Ole radarada.

OgaRico:
The people who will take "every illegitimately Kobo" from Malami will steal it.

AndroBlaze:
We have now reached the stage where a charge and bail lawyer will boldly challenge the EFCC stating with glee the money he robbed from Nigeria claiming "allowances" and that he was doing better than Dangote as a business man while in government.

No one cares anymore in Nigeria.

One thing that is funny though is his explanation of "allowances" is the same explanation he used to hang Onoghen with when they got rid of him.

keemsleek:
Haa is that possible pls to earn such money has a minister?

dragunov:
For where? Let him be grandstanding.

frog12:
Oya, you fit earn millions legitimately as a minister

this man was earning billions as a minister

BiggandKlever:
Naija sha! Imagine he had family members in six different Abuja residences. I bet they are all in highbrow areas.
Okay, for starters I'd like to know his businesses and how much he was worth before [b]June 12, 2015 [/b]we can they take up the matter from there.

blaise26abj:
He has listed his earnings and if it is already in his asset declaration as stated , Let EFCC prove otherwise . These interim forefeitures are becoming a way to harass politicians and it will soon move to private citizens any administration is not comfortable with . Let EFCC do their work instead of just going around “stealing” people’s properties without first investigating. It is a disgusting behaviour

frog12:
Oya, you fit earn millions legitimately as a minister

this man was earning billions as a minister

frog12:
Former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN, yesterday, fired back at the Economic and Financial Crime Commission (EFCC), filing a 40-page affidavit before the Federal High Court to block the final forfeiture of more than 50 properties linked to him, his family, and 14 companies.


Source: https://www.thisdaylive.com/2026/04/28/malami-dares-efcc-over-seizure-of-50-properties-says-all-declared-all-legal/

Hez143:
read first,not to rush to comment.Na your type dey say "school na