The Economic and Financial Crimes Commission (EFCC) has traced 41 properties to former Attorney-General and Minister of Justice, Abubakar Malami, and his son, Abdulaziz Malami. The assets, comprising hotels, schools, residential buildings, lands, and a printing press, are located across Kebbi, Kano, and the Federal Capital Territory (FCT), with a combined valuation of approximately N212.89 billion.
In Kebbi State, Malami owns Rayhaan University sites, model schools, a printing press, and commercial properties valued at N162.19 billion. Assets in the state include:
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
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 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
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
In Kano, the former minister owns Zeennoor Hotel and Rayhaan Hotel, along with residential properties, totaling N16.01 billion. Assets in the state include:
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
The FCT properties, which include Meethaq Hotels, Harmonia Hotels, and residential bungalows in Maitama and Garki, are valued at N34.69 billion. Assets in the territory include:
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
The federal government has filed a 16-count money laundering charge against Malami and his son, alleging offences contrary to Sections 15, 18, and 21 of the Money Laundering (Prevention and Prohibition) Act. The charges claim the duo engaged in illicit activities transforming legal processes into means for financial gain.
The EFCC’s investigation sheds light on the extensive assets linked to Malami, signaling a significant escalation in ongoing anti-corruption efforts targeting high-profile public officials.
Grand total valuation of properties: N212,892,750,000.
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