EFCC Traces 41 Properties Worth ₦212 Billion To Malami

 

The Economic and Financial Crimes Commission (EFCC) has traced 41 properties to Abubakar Malami, the former attorney-general of the federation and minister of justice.

TheCable understands that the properties — hotels, residential buildings, lands, schools, and a printing press — are scattered across Kebbi, Kano and the Federal Capital Territory (FCT).

The properties in Kebbi state are valued at N162,195,950,000, while the assets in Kano state are said to be worth N16,011,800,000, and the value of the FCT properties was put at N34,685,000,000.

The federal government has also filed a 16-count charge bordering on money laundering against the former minister and his son, Abdulaziz Malami.

Father and son are accused of committing offences contrary to Sections 15, 18 and 21 of the Money Laundering (Prevention and Prohibition) Act.

TheCable has obtained the full list of the properties linked to Malami.

See below.

FULL LIST: EFCC traces 41 properties worth N212bn to Malami

Abubakar Malami, former attorney-general of the federation (AGF) and minister of justice

Abubakar Malami.

The Economic and Financial Crimes Commission (EFCC) has traced 41 properties to Abubakar Malami, the former attorney-general of the federation and minister of justice.

TheCable understands that the properties — hotels, residential buildings, lands, schools, and a printing press — are scattered across Kebbi, Kano and the Federal Capital Territory (FCT).

The properties in Kebbi state are valued at N162,195,950,000, while the assets in Kano state are said to be worth N16,011,800,000, and the value of the FCT properties was put at N34,685,000,000.

The federal government has also filed a 16-count charge bordering on money laundering against the former minister and his son, Abdulaziz Malami.

Father and son are accused of committing offences contrary to Sections 15, 18 and 21 of the Money Laundering (Prevention and Prohibition) Act.

TheCable has obtained the full list of the properties linked to Malami.

See below.

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: N4,200,000,000.0

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