Abubakar Malami News

Abubakar Malami Properties List | Detailed Overview of 41 Assets Valued at ₦212 Billion

Who is Abubakar Malami ? 

‎Abubakar Malami, a former Attorney-General of the Federation (AGF) and Minister of Justice, is facing significant scrutiny as Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), has identified 41 high-value properties associated with him and his close associates. These assets, situated in Kebbi, Kano, and the Federal Capital Territory (Abuja), have an estimated total value of ₦212,892,750,000, making this one of the most notable property lists linked to a former public official in recent Nigerian history.

‎‎Overview of Properties Linked to Abubakar Malami

The EFFC's investigations have uncovered a varied portfolio of residential, commercial, hospitality, educational, manufacturing, and land assets allegedly tied to Malami. These properties are distributed across three primary regions:

‎• ‎Kebbi State Properties – Estimated Valuation: ₦162.2 Billion

‎• In Kebbi, Malami's home state, most of the identified assets are located. These consist of significant educational and industrial sites:

‎• Rayhaan University sites (Permanent, Temporary & Third): ₦56B + ₦37.8B + ₦2.45B

• ‎Rayhaan Model Academy: ₦11.2B

‎• ‎Rayhaan Primary & Secondary School: ₦8.75B

‎• ‎Rayhaan Agro-Allied Factory buildings: ₦4.2B

• ‎Factory machines, plant units, and fuel tanker garages: ₦10.5B + ₦2.45B

‎• ‎Rayhaan Radio Station: ₦78.75M

‎Other assets include a pharmacy, supermarket, hotel, gardens, and a mosque linked to the Azbir brand.

‎‎Residential properties of Malami, including Malami House GRA, incomplete buildings, foundation sites, and properties belonging to his sons.

‎• ‎Kano State Properties – Estimated Valuation: ₦16 Billion

‎‎The real estate holdings in Kano include hospitality, fitness, religious, and residential properties:

‎• ‎Zeennoor Hotel: ₦11.2B

• ‎‎Zeennoor Old Hotel Building & Mosque

‎• ‎Rayhaan Hotel Kano & Rayhaan Gym

‎• ‎Luxury residence on Ahmadu Bello Way (wife’s home): ₦982.8M

‎• ‎FCT Abuja Properties – Estimated Valuation: ₦34.7 Billion

‎In Abuja, major real estate assets encompass:

‎• ‎Duplex on Amazon Street, Maitama: ₦5.95B

‎• ‎Meethaq Hotels (Jabi & Maitama): ₦8.4B + ₦12.95B

‎• Harmonia Hotels, Area 11 Garki: ₦7B

‎• 42 Units of Bungalows at Efab Estate: ₦385M

‎‎Total Estimated Value

‎‎The combined estimated value of all 41 properties across these regions stands at ₦212,892,750,000 (approximately ₦212.89 billion).

‎‎Legal Context

‎‎The revelation of these assets coincides with a 16-count money laundering charge filed by the Federal Government against Malami, his son Abdulaziz Malami, and an associate, Hajia Bashir Asabe. The allegations pertain to the illegal acquisition and hiding of funds through property acquisitions and other financial activities from 2015 to 2025, a timeframe that significantly overlaps with Malami's time as AGF.

Conclusion

‎‎The list of properties owned by Abubakar Malami has become a key element in Nigeria’s larger anti-corruption initiatives. With assets that include educational institutions, hotels, residences, and commercial properties valued in the hundreds of billions of naira, the situation is developing as legal actions proceed. These events are under close observation by news outlets throughout Nigeria