A document has revealed that former Attorney-General of Nigeria, Abubakar Malami, is facing 16 counts of money laundering charges related to alleged fraud, with 30 properties valued over N212.8 billion under scrutiny.
The identified properties, according to the Economic and Financial Crimes Commission (EFCC), are spread across Kebbi State, Kano State and the Federal Capital Territory (FCT), Abuja, with a combined valuation put at “N212,892,750,000.00.”
Kebbi State accounts for the bulk of the listed assets, with two separate collections valued at “N162,195,950,000.00.”
Among the major properties are Rayhaan University Permanent Site valued at N56,000,000,000.00, Rayhaan University Temporary Site valued at N37,800,000,000.00, and Rayhaan University Third Site, alongside a Rayhaan University Vice Chancellor House valued at N490,000,000.00.
Also listed are Rayhaan Agro Allied Factory buildings valued at N4,200,000,000.00, factory machines and plants valued at N10,500,000,000.00, a factory mosque valued at N2,450,000,000.00, and Rayhaan Mill Staff Quarters valued at N1,487,500,000.00.
Also, Rayhaan Bustan Building valued at N3,150,000,000.00, Azbir Hotel valued at N10,325,000,000.00, a printing press valued at N1,050,000,000.00, a gallery valued at N581,000,000.00, gardens valued at N392,000,000.00, and a mosque valued at N252,000,000.00.
Commercial ventures such as Azbir Clothing valued at N350,000,000.00 and Azbir Pharmacy and Supermarket valued at N175,000,000.00 are also included.
The first collection of Kebbi properties alone totals “N131,652,500,000.00.”
A second additional Kebbi assets including Al-Afiya Energy Tanker Garage valued at N2,450,000,000.00, Rayhaan Model Academy valued at N11,200,000,000.00, Rayhaan Primary and Secondary School valued at N8,750,000,000.00, Rayhaan Security House valued at N245,700,000.00, Rayhaan Radio valued at N78,750,000.00, and an uncompleted three-storey complex valued at N665,000,000.00.
Residential properties listed include Malami House GRA, Malami House Behind Mobil, a residence behind cemetery, Abdulaziz (First Son House) valued at N1,659,000,000.00, and Ahbiru (Second Son House) valued at N2,989,000,000.00.
This second Kebbi collection is valued at “N30,543,450,000.00.”
In Kano State, there are properties with a combined estimated value of “N16,011,800,000.00.”
These include Zeennoor Hotel valued at N11,200,000,000.00, Zeennoor Mosque valued at N84,000,000.00, an old Zeennoor Hotel building valued at N280,000,000.00, Rayhaan Hotel Kano valued at N2,240,000,000.00, Rayhaan Gym Kano valued at N1,225,000,000.00, and a residential property described as “Wife’s House Ahmadu Bello Way Kano” valued at N982,800,000.00.
In the Federal Capital Territory, Abuja, the listed assets are valued at “N34,685,000,000.00.”
They include a “Duplex at Amazon Street Maitama valued at N5,950,000,000.00,” Meethaq Hotel Jabi Branch valued at N8,400,000,000.00, Meethaq Hotel Maitama Branch valued at N12,950,000,000.00, two units of bungalow at Efab Estate valued at N385,000,000.00, and Harmonia Hotels Area 11 Garki valued at N7,000,000,000.00.
A summary section puts the total valuation of the properties at “N212,892,750,000.00,” broken down as Kebbi State properties valued at N162,195,950,000.00, Kano State properties valued at N16,011,800,000.00, and FCT Abuja properties valued at N34,685,000,000.00.
The documents provided a detailed picture of the vast assets now under scrutiny as the former Attorney General prepares to answer to multiple charges linked to alleged fraud.
The anti-graft agency may invoke the Non-Conviction Asset Forfeiture clause to seize some of these properties.
Meanwhile, Malami’s trial is scheduled for January 5, 2026.