The Economic and Financial Crimes Commission (EFCC) has traced 41 properties to former Attorney-General and Minister of Justice, Abubakar Malami, and his son, Abdulaziz Malami.
The assets, comprising hotels, schools, residential buildings, lands, and a printing press, are located across Kebbi, Kano, and the Federal Capital Territory (FCT), with a combined valuation of approximately N212.89 billion.
According to a document obtained by Premium Times, the disclosure comes as the Economic and Financial Crimes Commission (EFCC) conducted searches at his homes and offices in Abuja and Kebbi State on 17 December, as part of ongoing investigations into alleged financial misconduct.
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.
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: N4,200,000,000.00
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
Kano State Properties
Total valuation: N16,011,800,000.00
Zeennoor Hotel: N11,200,000,000.00
Zeennoor Mosque: N84,000,000.00
Zeennoor Old Hotel Building: N280,000,000.00
Rayhaan Hotel Kano: N2,240,000,000.00
Rayhaan Gym Kano: N1,225,000,000.00
Wife’s House (Ahmadu Bello Way, Kano): N982,800,000.00
FCT Abuja Properties
Total valuation: N34,685,000,000.00
Duplex at Amazon Street, Maitama: N5,950,000,000.00
Meethaq Hotel (Jabi Branch): N8,400,000,000.00
Meethaq Hotel (Maitama Branch): N12,950,000,000.00
42 Units of Bungalow at Efab Estate: N385,000,000.00
Harmonia Hotels, Area 11 Garki: N7,000,000,000.00
Grand total valuation: N212,892,750,000
