@DejiAdesogan Rail lines from Port Harcourt to Maiduguri and oil pipelines from Port Harcourt to Yola have been completely removed, and no one has been punished.
Court Orders Final Forfeiture of 48 Properties Worth N212bn Linked to Ex-AGF Malami
By Zagazola Makama
The Federal High Court in Abuja has ordered the final forfeiture of 48 out of 57 properties valued at about ₦212 billion and linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN).
The order was granted by Justice Joyce Abdulmalik following an application by the Economic and Financial Crimes Commission (EFCC), which sought the permanent forfeiture of the assets after an earlier interim forfeiture order.
The judge dismissed objections filed by Malami, members of his family and several companies laying claim to the properties, holding that the objections lacked merit.
In her ruling, Justice Abdulmalik held that the central issue before the court was not the ownership of the properties but the legitimacy of the funds allegedly used in acquiring them.
“The issue before this court is not who owns the property, but how legitimate are the funds used to acquire the properties,” the judge ruled.
The forfeited assets are spread across the Federal Capital Territory (FCT), Kebbi, Kano and Kaduna states and comprise luxury hotels, residential estates, duplexes, commercial plazas, warehouses, schools, factories, filling stations and other high-value investments.
Among the major assets affected by the ruling are the Meethaq Hotels in Maitama and Jabi, Abuja; Rayhaan University permanent, temporary and third campuses in Kebbi State; Rayhaan Agro Allied Factory; Azbir Hotel and Arena; Rayhaan Model Academy; Rayhaan Primary and Secondary School; Zeennoor Hotel in Kano; Rayhaan Hotel, Kano; as well as numerous residential and commercial properties in Abuja, Kano, Kebbi and Kaduna.
The court also ordered the forfeiture of several high-value residential properties in Abuja, including luxury duplexes in Maitama, Asokoro, Garki, Wuse II, Gwarimpa and Apo Legislative Quarters.
Other assets affected include warehouses, shopping units, commercial plazas, a printing press, pharmacy and supermarket, mosque, gardens, radio station, filling station, factory buildings and staff quarters.
Several properties associated with members of the former Attorney-General’s family, including residential buildings allegedly linked to his two sons in Birnin Kebbi, were also listed among the assets affected by the forfeiture order.
According to court documents, the properties had initially been placed under interim forfeiture by the EFCC pending the determination of the substantive application.
The anti-graft agency had argued that the assets were suspected to have been acquired with proceeds of unlawful activities and therefore liable to forfeiture under relevant provisions of the law.
With Wednesday’s ruling, 48 of the 57 properties are to be permanently forfeited to the Federal Government.
The ruling represents one of the largest single asset forfeiture decisions in Nigeria’s history in terms of the number and estimated value of the properties involved.
There was no immediate reaction from Malami or his legal team following the court’s decision.
Age of each of these countries:
USA: 250 years
Netherlands: 445 years
Sweden: 503 years
Spain: 547 years
Monaco: 729 years
Switzerland: 735 years
Thailand: 788 years
Mongolia: 820 years
Portugal: 883 years
Hungary: 1,026 years
Poland: 1,060 years
Denmark: 1,061 years
England: 1,099 years
Norway: 1,154 years
Russia: 1,164 years
France: 1,183 years
Morocco: 1,238 years
Bulgaria: 1,345 years
China: 2,246 years
Iran: 2,575 years
Japan: 2,685 years
Ethiopia: 3,000 years
Egypt: 5,125 years
Mr Ibu’s case is just painful and very heartbreaking 💔💔
A man worked all his life, built houses, bought lands, made money… but barely 2 years after his death, everything is scattered.
Lagos house sold — ₦60m
Enugu property sold — ₦17m
Asaba property sold — ₦11m
That’s about ₦88 million gone.
Then they asked Mr Ibu’s wife what she does for a living… she started stammering.
“I have a page on Instagram… errrm… I sell jewelry… I was an actress but my husband said…”
Madam, no clear job, no solid business, yet you carried your children to go rent house for expensive estate.
Then they asked her again:
“Did you sell your husband’s properties?”
She brought out one paper from envelope.
Leave paper and answer question.
She finally said yes.
“Yes, I sold them… but I was not the only one. Me and two of his sons sold it.”
Now Nigerians donated another ₦7.5 million for rent and school fees.
This is what I don’t understand…
You sold properties worth almost ₦90m.
What happened to the money? And Nigerians still carry 7.5 million naira give her 🙄🙄
Senate President Akpabio has a personal interest in NNPC. His daughter was employed by former NNPC CEO Mele Kyari in a juicy position she probably didn't merit.
- Senator Oshiomhole hits Senate President Akpabio over last week's clash in the Senate, which saw the red chamber disown Mele Kyari's arrest warrant
Marriage has six stages,
But most couples give up at stage three.
The ones that pass stage three remain strong forever.
Stage 1: The Honeymoon Stage....