EFCC Seeks Malami Property Forfeiture
Analysis based on 21 articles · First reported Apr 02, 2026 · Last updated Apr 03, 2026
The ongoing legal battle for the forfeiture of 57 properties linked to Abubakar Malami could signal increased scrutiny on public officials in Nigeria, potentially improving investor confidence in the long term by demonstrating a commitment to combating corruption. However, the immediate impact on the real estate market in affected states like Kano and Kebbi might be a temporary slowdown in transactions involving politically exposed persons or entities linked to them.
The Nigeria — Economic and Financial Crimes Commission has requested the Nigeria — Federal High Court of Nigeria to order the permanent forfeiture of 57 properties allegedly linked to former Attorney-General of the Federation, Abubakar Malami. The properties, located in Abuja, Kebbi, Kano, and Kaduna States, are suspected to be proceeds of unlawful activities. The Nigeria — Economic and Financial Crimes Commission argues that Abubakar Malami's lawful income during his tenure (2015-2023) was disproportionate to the value of the acquired assets. The investigation involved financial records from the Nigeria — Central Bank of Nigeria and commercial banks, as well as information from the Nigeria — Corporate Affairs Commission, Nigeria — Nigeria Revenue Service, and Nigeria — Code of Conduct Bureau. Several entities, including Rayhaan Group Limited and its subsidiaries, along with Abubakar Malami's family members, are listed as respondents in the suit. The Nigeria — Federal High Court of Nigeria had previously issued an interim forfeiture order, and the Nigeria — Economic and Financial Crimes Commission is now seeking to make it permanent, with a hearing scheduled for April 21.
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