Court Orders Final Forfeiture of Properties Linked to Malami

On a recent ruling, Justice Joyc Abdulmalik of the Federal High Court in Abuja ordered the final forfeiture of over 40 properties associated with former Attorney General of the Federation, Abubakar Malami. The Economic and Financial Crimes Commission (EFCC) had filed an application citing suspicions that the properties were acquired through unlawful activities.
The court dismissed several motions from Malami's family members and companies linked to the properties, which they claimed were lawfully acquired. The properties, located in Abuja, Kano, Kebbi, and Kaduna, include various commercial and residential buildings, with a total estimated value of ₦212.8 billion.
The ruling followed an interim forfeiture order issued by Justice Emeka Nwite in January 2023, which required the EFCC to publish the order in national newspapers. The court's decision is part of ongoing investigations into Malami's financial dealings, with the EFCC maintaining that the properties were acquired through proceeds of crime.
Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.
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