In a recent development, the Economic and Financial Crimes Commission (EFCC) has reportedly traced 41 properties worth a total of N212 billion to Abubakar Malami, the former Attorney-General of the Federation and Minister of Justice. These assets span multiple states, with the majority located in Kebbi, Kano, and the Federal Capital Territory (FCT), Abuja.
The properties in question include hotels, residential buildings, schools, a printing press, and large tracts of land. According to the EFCC’s findings, the breakdown of these assets is as follows:
• Kebbi State: N162.2 billion
• Kano State: N16 billion
• FCT, Abuja: N34.7 billion
Malami and his son, Abdulaziz Malami, are facing serious allegations of money laundering. The federal government has filed 16 counts of money laundering against them, accusing the father-son duo of violating the Money Laundering (Prevention and Prohibition) Act.
Kebbi State – Total Value: N162.2 Billion
The properties linked to Malami in Kebbi include various educational, residential, and commercial assets. Here’s a closer look at the breakdown:
• Rayhaan University & Education:
• Permanent Site: N56 billion
• Temporary Site: N37.8 billion
• Third Site: N2.45 billion
• Vice Chancellor’s House: N490 million
• Model Academy: N11.2 billion
• Primary & Secondary School: N8.75 billion
• Rayhaan Agro-Allied Factory & Commercial:
• Factory Buildings: N4.2 billion
• Factory Machines & Plant Units: N10.5 billion
• Factory Mosque: N2.45 billion
• Staff Quarters (10 units): N1.49 billion
• Bustan Building: N3.15 billion
• Printing Press: N1.05 billion
• Al-Afiya Energy Tanker Garage: N2.45 billion
• Amasdul Oil & Gas Ltd Structure: N1.05 billion
• Rayhaan Radio: N78.75 million
• Azbir Brand Properties:
• Azbir Hotel: N10.33 billion
• Gallery: N581 million
• Gardens: N392 million
• Mosque: N252 million
• Clothing: N350 million
• Pharmacy & Supermarket: N175 million
• Residential & Foundations:
• Malami House (GRA): N350 million
• Malami House (Behind Mobil): N490 million
• Malami Residence (Behind Cemetery): N350 million
• Abdulaziz House: N1.66 billion
• Ahbiru House: N2.99 billion
• Malami Support Organization Building ADC: N210 million
• Kadi Malami Foundation Building: N56 million
• Rayhaan Security House: N245.7 million
• Uncompleted 3-Storey Complex: N665 million
Kano State – Total Value: N16 Billion
Malami’s assets in Kano include both business and residential properties. Here’s a look:
• Zeennoor Hotel: N11.2 billion
• Zeennoor Mosque: N84 million
• Zeennoor Old Hotel Building: N280 million
• Rayhaan Hotel Kano: N2.24 billion
• Rayhaan Gym Kano: N1.23 billion
• Wife’s House (Ahmadu Bello Way): N982.8 million
FCT, Abuja – Total Value: N34.7 Billion
In Abuja, Malami is linked to high-end properties, with values running into billions:
• Duplex at Amazon Street, Maitama: N5.95 billion
• Meethaq Hotel (Jabi Branch): N8.4 billion
• Meethaq Hotel (Maitama Branch): N12.95 billion
• 42 Bungalows at Efab Estate: N385 million
• Harmonia Hotels, Area 11 Garki: N7 billion
The EFCC’s investigation into Malami and his son adds fuel to the ongoing anti-corruption efforts, shedding light on the possible illicit accumulation of wealth by top government officials. With a wide range of properties spread across the country, this latest revelation raises significant questions about the sources of their wealth.
As the legal process unfolds, the Malamis face serious charges that could have long-reaching consequences, both for them and for the broader public perception of the integrity of the Nigerian government.
What does the revelation of these assets say about transparency and accountability in Nigerian leadership? Should there be stricter measures to monitor and investigate wealth accumulation by public officials?
#CorruptionWatch #TransparencyMatters #NigeriaAccountability
Omar
Excited to stay updated on your insightful coverage, sign me up!