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List of N213.2bn worth of properties court ordered Malami to forfeit to FG
The Federal High Court in Abuja has ordered the interim forfeiture of 57 properties with an estimated value of N213.2 billion to the Federal Government, following an application by the Economic and Financial Crimes Commission (EFCC).
Justice Emeka Nwite granted the order after an ex parte motion filed by EFCC counsel, Ekele Iheanacho, SAN. The properties are those under investigation and are reasonably suspected to be proceeds of unlawful activities linked to a former Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN.
The affected properties are located across Abuja, Kebbi, Kano and Kaduna states. Although the ruling was delivered on Tuesday, a certified true copy of the order was sighted by NAN on Wednesday.
In his ruling, Justice Nwite stated:
“It is hereby ordered that an interim order of this honourable court is hereby made forfeiting to the Federal Government of Nigeria the properties described in Schedule 1 below, which are reasonably suspected to be proceeds of unlawful activities.”
The judge further directed that the interim forfeiture order be published in a national daily newspaper, inviting any individual or organisation with an interest in the listed properties to show cause within 14 days of publication why a final forfeiture order should not be made.
The matter was adjourned to a later date for a report on compliance with the publication order.
Properties listed in the court order include:
- A luxury duplex at Amazon Street, Plot No. 3011, Cadastral Zone A06, Maitama, Abuja, purchased in December 2022 for N500 million and valued at about N5.95 billion after enhancement.
- A two-winged large storey building at No. 3 Onitsha Crescent, Area 11, Garki, Abuja (formerly Harmonia Hotels Limited), purchased in December 2018 for N7 billion.
- Plot 683, Jabi District, Abuja, comprising a five-storey building now operating as Meethaq Hotels Ltd with 53 rooms, purchased in September 2020 at carcass level for N850 million, with an additional N300 million paid to take possession.
- Property No. 3130, Asokoro District, Abuja, comprising terrace buildings, purchased in January 2021 for N360 million.
- Property at No. 3 Rhine Street, Maitama, Abuja, operating as Meethaq Hotels Ltd with 15 rooms, purchased in February 2018 for N430 million and later valued at about N12.95 billion after rehabilitation.
- Plot No. 1241B, Asokoro District, Abuja, purchased in July 2021 for N325 million.
- Shop No. C82, Citiscape–Shariff Plaza, Aminu Kano Crescent, Wuse II, Abuja, purchased in March 2024 for N120 million.
- Residential property at No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, purchased in December 2022 for N300 million.
- Plot 157, Lamido Crescent, Nasarawa GRA, Kano, purchased in July 2019.
- A plaza with commercial facilities near Birnin Kebbi Market, purchased in 2021 for N100 million.
- 100 hectares of land along Birnin Kebbi–Jega Road, purchased in 2020 for N100 million.
- A four-bedroom bungalow at Gesse Phase, Birnin Kebbi, purchased in 2023 for N101 million.
- Shops A36 and B3, Vegas Mall, Wuse II, Abuja, purchased in July 2023 for N158 million.
- Property at No. 26 Babbi Drive, BUA Estate, Abuja, purchased in 2022 for N136 million.
- Property at No. 27 EFAB Estates Avenue, Gwarimpa, Abuja, purchased in January 2016 for N120 million.
- A four-bedroom bungalow with boys’ quarters at No. 10B Doka Crescent, Abakpa GRA, Kaduna, purchased in January 2018 for N40 million.
- Plot No. 13, IPENT 7 Estate, Karsana District, Abuja, purchased in June 2018 for N85 million.
- A bedroom duplex with boys’ quarters at No. 12 Yalinga Street, Wuse II, Abuja, purchased in October 2018 for N150 million.
- Two warehouse shops at Wuse Market, Abuja, purchased in July 2020 for N50 million.
- Twin houses at Apo Legislative Quarters, Gudu District, Abuja, purchased between February and May 2017 for N250 million.
- Properties acquired by Khadimiyya for Justice & Development Initiative at Academic Garden City, Birnin Kebbi, including nine units of three-bedroom bungalows, three units of two-bedroom bungalows and 5.4 hectares of land, purchased between February and September 2023 for N187 million.
Other assets were also listed in the schedule attached to the court order.
Mr Malami, his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz, are currently standing trial before Justice Nwite on an alleged N8.7 billion money laundering charge filed by the EFCC. The charge, marked FHC/ABJ/CR/700/2025, names the former minister, his wife, his son and an employee of a company linked to him as defendants.
The EFCC has alleged that the defendants carried out suspicious financial transactions and attempted to conceal the origin of funds through bank accounts and property acquisitions across Abuja, Kano and Kebbi between 2015 and 2025.
The defendants have pleaded not guilty, and the case remains before the court. The interim forfeiture order does not amount to a final determination of ownership or guilt, as all parties are entitled to present their defence.
The leadership crisis rocking the African Democratic Congress (ADC) deepened on Friday as the faction led by the party’s National Chairman, Nafiu Bala Gombe, and House of Representatives member, Leke Abejide, has rejected their reported expulsion, describing it as illegal and the product of a “hijacked structure.”
The duo also dismissed claims that they were being sponsored by President Bola Tinubu, insisting that allegations of external sponsorship were mere propaganda aimed at discrediting their stance.
Addressing journalists in Abuja, Bala maintained that those who announced their expulsion lacked the legal standing to do so, arguing that they were not recognised members of the party.
“Our suspension is nullity. These individuals are not even members of our party, so they lack the locus to take such decisions. We will fight it to the last point,” he said.
He further ruled out any form of negotiation with the rival bloc, stating that there was no agreement between his leadership and the coalition-backed faction.
“I cannot negotiate with people who are not members of our party. There is no understanding or arrangement with them whatsoever,” Bala added.
The crisis follows a convention held in Abuja on April 14 by a faction aligned to former Senate President, David Mark, where the expulsion of Bala, Abejide and others over alleged anti-party activities was announced.
But the Bala-led leadership has dismissed the exercise as unlawful, insisting it violates subsisting court orders and lacks the recognition of the Independent National Electoral Commission (INEC).
He warned that actions taken in defiance of a Court of Appeal judgment delivered on March 12, 2026, were liable to be voided by the courts.
According to him, the matter has gone beyond internal party disagreement, alleging that forged documents bearing his signature had surfaced as part of efforts to legitimise the actions of the rival group.
On his part, Abejide described the purported expulsion as laughable, accusing the opposing faction of attempting to destabilise the party.
“These are people who came to destroy this party. They have no stake here and cannot dictate the future of ADC,” he said.
The lawmaker, who represents Yagba Federal Constituency of Kogi State, warned that the lingering crisis could jeopardise the party’s electoral prospects if not urgently resolved.
“I am not a political merchant running from one party to another party. I have been in ADC since 2017 and never changed party but many of the coalition’s leaders have moved from PDP to ACN to APC back to PDP to APGA to Labour Party to NNPP to ADC, and so on. Our insistence in resisting them is because of their habitual character of political use and dump.
“My so-called suspension and that of Nafiu Bala Gombe is in contempt of the orders of both the Court of Appeal and Federal High Court and as such I have briefed my Lawyers on possible litigation against their purported suspension for record purpose, which is a visitation of hostility on me while my case is in court. The principles of law forbid this; in our jurisprudence it is called Lis pendis.”
Abejide cautioned that his camp would not hesitate to walk away if the party was pushed to the brink.
“At the stage we are now, if this is not resolved quickly, anyone contesting on this platform risks their political career,” he added.
He also questioned the credibility of the coalition figures, alleging that many of them had a history of moving across multiple political parties.
Abejide warned that the ongoing crisis could prevent the ADC from fielding candidates in future elections, blaming the rival faction for any such outcome.
“If at the end of these shenanigans ADC cannot field candidates, then the coalition people should be blamed for the failure,” he added. (The Guardian)
Suspected bandits have reportedly attacked the palace of a traditional ruler in Olayinka community, Ifelodun Local Government Area of Kwara State, abducting the monarch, his wife, and one other person in the early hours of Saturday.
According to sources who spoke to newsmen, the armed men stormed the palace around 1:40 a.m., firing sporadically before taking the royal father to an unknown destination.
Yes. At Olayinka at about 1 am. His wife and one other person were also abducted.
The Monarch is one of the recently graded.”
Another source added, “The bandits invaded the palace around 1:40 a.m. on Saturday. They came heavily armed and took the monarch away without resistance because everyone was terrified.”
The abducted monarch was said to have been recently elevated and officially installed by the Kwara State Government earlier this year, a development that has made the incident particularly shocking to residents.
The attack is the third reported case of a traditional ruler being kidnapped in Kwara South within a year. In 2025, two monarchs in the region were abducted by suspected bandits and were only released after ransom payments were made.
Domestic prices of petrol and diesel are expected to decline following a sharp drop in global crude oil prices triggered by the reopening of the Strait of Hormuz.
As of Saturday morning, West Texas Intermediate (WTI) and Brent crude fell by 11 percent and 9 percent to $83.85 and $90.38 per barrel, respectively, down from about $100 per barrel.
The decline comes after Iran announced that the Strait of Hormuz has been fully reopened for vessel passage.
The development has begun to reflect in Nigeria’s downstream petroleum market, where depot marketers have slightly reduced fuel prices.
Petrol prices at depots now range between N1,205 and N1,206 per litre— about N5 to N6 higher than the Dangote Refinery price of N1,200 per litre.
This pricing trend was observed among marketers such as Aiteo, Bono, and NIPCO.
Meanwhile, diesel prices at depots in Lagos, including Menj and Duport, stood at N1,775 per liter.
Market observers say the drop in crude oil prices has triggered panic selling among depot marketers.
Despite this, retail pump prices have remained unchanged as of filing this report, with petrol selling between N1,290 and N1,333 per litre, while diesel ranges from N1,850 to N1,900 per litre.
The President of the Independent Petroleum Marketers Association, Abubakar Maigandi, confirmed the development, noting that further reductions are likely if the downward trend in crude prices persists.
“We expect fuel prices to drop in the coming days if crude oil prices continue to decline.
Daily Post
Expulsion: Bala, Abejide vow to battle Mark-led ADC faction to finish
Just in: Bandits reportedly kidnap newly installed monarch, wife, one other in Kwara
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