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41 Properties Worth N212bn Traced To Malami By EFCC
The Economic and Financial Crimes Commission (EFCC) has traced 41 properties to Abubakar Malami, the former attorney-general of the federation and minister of justice.
TheCable understands that the properties — hotels, residential buildings, lands, schools, and a printing press — are scattered across Kebbi, Kano and the Federal Capital Territory (FCT).
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.
The federal government has also filed a 16-count charge bordering on money laundering against the former minister and his son, Abdulaziz Malami.
Father and son are accused of committing offences contrary to Sections 15, 18 and 21 of the Money Laundering (Prevention and Prohibition) Act.
The full list of the properties linked to Malami is provided 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
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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
©TheCable
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