Malami's N213.2 Billion Property Forfeiture
Analysis based on 12 articles · First reported Jan 07, 2026 · Last updated Jan 07, 2026
The interim forfeiture of N213.2 billion in properties linked to Abubakar Malami and his sons signals increased government scrutiny on illicit wealth, potentially boosting investor confidence in Nigeria's anti-corruption efforts. However, the ongoing legal battles and allegations of abuse of office could create uncertainty in the real estate and hospitality sectors where many of the forfeited assets are located, particularly affecting entities like Meethaq Hotels Limited.
A Federal High Court in Abuja has ordered the interim forfeiture of 57 properties, valued at N213.2 billion, linked to former Attorney-General of the Federation Abubakar Malami and his sons, Abdulaziz Al-Ammar and Abiru-Rahman Malami. The properties, located across Abuja, Kebbi, Kano, and Kaduna States, are suspected to be proceeds of unlawful activities. The order was granted following an ex-parte application filed by the Nigeria — Economic and Financial Crimes Commission (EFCC). The court has directed the EFCC to publish the order in a national newspaper, allowing interested parties 14 days to show cause why the properties should not be permanently forfeited to the Federal Government of Nigeria. This development comes as Abubakar Malami, his wife Hajia Bashir Asabe, and son Abdulaziz Al-Ammar are already facing an N8.7 billion money laundering charge filed by the EFCC, with allegations of suspicious transactions and attempts to conceal the unlawful origin of funds between 2015 and 2025.
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