Dear Founders/business owners,
One day your business will outgrow your ability to hold everything together. When that day comes, you'll have two choices. Hire more people... Or build better systems. Most people choose the first. I believe the second should come first.👇
Just imagine! What's he using all these for? My problem with this seizures, the govt will allow it to rot instead selling or handling it off to people who will still keep it running in partnership.
EFCC Secures Final Forfeiture of University, Radio Station, 46 Other Properties Linked to Malami
The Economic and Financial Crimes Commission, EFCC, on Wednesday, July 15, 2026, secured the final forfeiture of 48 properties linked to a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, to the Federal Government of Nigeria.
Among the forfeited properties are Rayhaan University, Kebbi State, including the Rayhaan University Permanent Site, Rayhaan University Temporary Site, Rayhaan University Third Site, the Rayhaan University Vice Chancellor's House and Rayhaan Radio along Sani Abacha Bypass Road, Birnin Kebbi.
Delivering judgment, Justice Joyce Abdulmalik of the Federal High Court, Abuja, held that the Commission had successfully established that the properties were reasonably suspected to be proceeds of unlawful activities and were not acquired from lawful sources of income.
The properties finally forfeited to the Federal Government are: a luxury duplex at Amazon Street, Plot No. 3011 within Cadastral Zone A06, Maitama District, Abuja (File No. AN 11352); a two-winged large three-storey building situated at No. 3 Onitsha Crescent, Area 11, Garki, Cadastral Zone A03, Abuja (formerly Harmonia Hotels Limited); Plot 683, Jabi District, Cadastral Zone B04, comprising a five-storey building (now luxurious Meethaq Hotels Ltd., Jabi, with 53 rooms/suites); Property No. 3130 within Cadastral Zone A04, Asokoro District, FCT, Abuja, comprising terraces; Property No. 3 Rhine Street, Maitama, Abuja (Meethaq Hotels Ltd., Maitama, with 15 rooms); and Plot No. 1241B, Asokoro District (No. 11A Yakubu Gowon Crescent), Asokoro District.
Others are: Shop No. C52, Citiscape – Shariff Plaza, Plot 739, Cadastral Zone A07, Aminu Kano Crescent, Wuse II, FCT, Abuja; No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano; Plot 157, Lamido Nasarawa GRA, Kano; a commercial plaza comprising commercial toilets, laundering facilities, warehouse tanks adjacent to Birnin Kebbi Market; 100 hectares of land along Birnin Kebbi–Jega Road; and another 100 hectares of land along Birnin Kebbi–Jega Road.
Others are: a four-bedroom bungalow at Gesse Phase II, Birnin Kebbi; Shops Nos. A36 and B3, Vegas Mall, Wuse II, Abuja; No. 26 Babbi Drive, BUA Estate, Abuja; No. 27 EFAB Estate, 5th Avenue, 59th Crescent, Gwarimpa, Abuja; a four-bedroom house with two-room boys' quarters at No. 10B Doka Crescent, Abakpa GRA, Kaduna; Plot No. 13, IPENT 7 Estate, Karsana District, Abuja; a bedroom duplex with boys' quarters at No. 12 Yalinga Street, off Adetokunbo Ademola Crescent, Wuse II, Abuja; two warehouse shops B40 and B46, Wuse Market, Abuja; acquisition of twin houses at Zone E, Apo Legislative Quarters, Cadastral Zone B01, Plot 1401, Gudu District, Abuja; and properties acquired by Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage, namely: nine units of three-bedroom bungalows, three units of two-bedroom bungalows, and 5.4 hectares of land.
Also forfeited are the Rayhaan Agro Allied Factory in Kebbi State, including the factory buildings, factory machines and plant units, factory mosque, Rayhaan Mill staff quarters, and the Rayhaan Bustan Building.
Others are assets at Azbir Arena, Kebbi State, including Azbir Hotel, Printing Press, Gallery, Gardens, Mosque, Azbir Clothing, and Azbir Pharmacy and Supermarket.
Other forfeited properties include the Al-Afiya Energy tanker garage opposite Rayhaan University Health Centre along Sani Abacha Bypass Road, Birnin Kebbi; Rayhaan Security House off Sani Abacha Bypass, Birnin Kebbi; an uncompleted two-storey plaza located opposite Central Motor Park (Eastern Park), Birnin Kebbi; Amasdul Oil and Gas Ltd. filling station structure along Sani Abacha Bypass Road, Birnin Kebbi, near Jambali Automobile Workshop; the assets of Zeennoor Hotel at Kabuga Satellite Town, off Gwarzo Road, Kano, with 131 rooms; Zeennoor Mosque at Kabuga Satellite Town, off Gwarzo Road, Kano; and the old Zeennoor Hotel building.
It would be recalled that on January 6, 2026, Justice Emeka Nwite granted the interim forfeiture order following an ex parte motion moved by counsel to the Economic and Financial Crimes Commission, EFCC, Ekele Iheanacho, SAN.
Sequel to the granting of the interim forfeiture order, and in compliance with the order of the court, the EFCC published the interim order in national dailies, inviting interested persons to come forward and show cause why the final forfeiture order should not be granted in favour of the Federal Government of Nigeria.
The EFCC subsequently filed a motion for the final forfeiture of all the properties.
Meanwhile, following the publication of the interim order, Mr. Malami, SAN, and 14 other persons, mainly his family members and associates, filed applications to show cause and also urged the court to set aside the interim forfeiture order on the properties. They further challenged the jurisdiction of the court to grant the order and urged it not to grant the final forfeiture order.
The case was heard before Justice Joyce Abdulmalik on May 27, 2026, and the matter was thereafter adjourned for judgment.
Delivering judgment on Wednesday, the court held that the EFCC had sufficiently established that the 48 properties were reasonably suspected to have been acquired with proceeds of unlawful activities, and that the respondents failed to discharge the evidential burden placed on them, as they could not show the legitimate sources of the funds used in acquiring the properties.
The court further held that the respondents merely claimed ownership of the properties without providing proof of how they acquired them with funds from lawful sources.
According to the court, non conviction-based forfeiture proceedings require respondents to adduce evidence showing the lawful sources of the funds used in acquiring the properties, and not merely make bare assertions of ownership.
You'll have N5 million and Twitter investors would be advising you to lock it up in Piggyyvest, mmf on interest of 18% per annum. That'll yield you N900,000 at the end of the year and N75,000 every month.
Very rubbish something. How can you be comfortable getting just N75,000 monthly on a N5 million investment.
Instead of that,
Go to any busy market within your town. Secure a shop. Go straight to Dangote cement and order for a trailer load. As at today, the factory price is N11,700. And there's 300 bags in a trailer load. That's a total of N3,525,000. And they will deliver it cost-free to anywhere you are in Nigeria.
When the cement arrives, you can sell at N12,750 and within a month you can finish one trailer load and make N3,825,000. That'll give you a profit of N300,000 in just that month.
And the interesting thing is that you may not even need to be there. Get a salesgirl and only come around to take stock records.
Within a year, you have N3.6 million Naira profit and a huge portion of your N5 million capital is still untouched.
Everything no be Piggyyvest and MMF. That's for lazy investors.
That question has moved more businesses forward than waiting ever did.
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A business moves forward when people stop waiting for certainty and start creating it through action.
What decision have you been postponing because you're waiting for more certainty?
Most businesses don't stall because founders stop working.
They stall because founders keep waiting for certainty.
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Founders tell themselves things like:
"I need more research".
"I need to perfect the offer".
"I need to wait until everything is ready".
It means accepting that no amount of planning can replace real-world feedback.
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I've started asking myself a different question.
Instead of:
"Am I certain"?
I ask:
"What's the smallest action I can take today that teaches me something"?
I have worked with incredibly busy founders...
...yet their business wasn't moving forward.
Over time, I realized they weren't lacking effort.
They were confusing motion with progress.
I've seen founders spend weeks redesigning a logo.
I understand, activity creates the feeling of progress, but progress comes from solving the problem that's actually holding a business back. Those are rarely the same thing.
The question isn't, "Have I been busy today?"
It's, "Did I move the business forward?"