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The 16 sins of Malami! *How ex-AGF siphoned N212billion – EFCC
Abubakar Malami (SAN), former Attorney-General of the Federation and Minister of Justice,and his son, Abubakar Abdulaziz Malami, will have to explain the whereabouts of a whopping N212billion belonging to the Nigerians before the Federal High Court, sitting in Abuja.
TheCable, reports that the stolen funds were salted away in properties 41 properties, citing documents from the Economic and Financial Crimes Commission (EFCC), which has held the former AGF, believed to be one of the powerbrokers in the administration of Muhammadu Buhari who left power in 2023 after eight years spell.
The said properties, said to be scattered across Kebbi, Kano and the Federal Capital Territory (FCT), included hotels, residential buildings, lands, schools, and a printing press, with those in Kebbi, his home state valued at N162,195,950,000, while those in Kano and the FCT were said to be worth N16,011,800,000 and N34,685,000,000, respectively.
In Kebbi, where the former AGF, had attempted to contest the governorship in 2023, before withdrawing at he last minute, the said properties traced to his name were said to include:
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
Factory Machines and Plants Units: N10,500,000,000.00
Factory Mosque: N2,450,000,000.00.
There were also the Rayhaan Mill Staff Quarters (10 units): N1,487,500,000.00
Rayhaan Bustan Building: N3,150,000,000.00, a 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, and 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
In kano, Malami was said to have acquired:
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
The contentious properties in the FCT included:
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
In the suit, which also listed as a co-defendant in the case is Hajia Bashir Asabe, the government is accusing Malami, his son, and others of being involved in the laundering and concealment of ₦1,014,848,500.00 (One Billion, Fourteen Million, Eight Hundred and Forty-Eight Thousand, Five Hundred Naira) allegedly traced to a commercial bank.
Part of the claims was that between July 2022 and June 2025, within Abuja and the jurisdiction of the court, the former AGF procured Metropolitan Auto Tech Limited to conceal the unlawful origin of the money, adding that he used the company as a front to conceal the origin and movement of the funds, an act the government says constitutes money laundering under Nigerian law.
The alleged offence, revealing partly how the former AGF allegedly engaged Metropolitan Auto Tech Limited to launder funds, is said to be contrary to Section 21(c) of the Money Laundering (Prevention and Prohibition) Act, 2022, and punishable under Section 18(3) of the same Act.
The charges read:
“That you Abubakar Malami SAN, and Abubakar Abdulaziz Malami between July 2022 and June, 2025 in Abuja within the jurisdiction of this Honourable Court did procure Metropolitan Auto Tech Limited to conceal the unlawful origin of the total sum of N1, 014, 848, 500.00 (One Billion, Fourteen Million, Eight Hundred and Forty Eight Thousand, Five Hundred Naira) in the Sterling Bank Plc Account No. 0079182387 when you reasonably ought to have known that the said sum formed proceeds of unlawful activities and you thereby committed an offence contrary to Section 21(c) of the Money Laundering (Prevention and Prohibition) Act 2022 and punishable under Section 18(3) of the same Act.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation, and Abubakar Abdulaziz Malami between September 2020 and February, 2021in Abuja within the jurisdiction of this Honourable Court did procure Metropolitan Auto Tech Limited to conceal the unlawful origin of the total sum of N600,013,460.4 in the Sterling Bank Plc Account No. 0079182387 when you reasonably ought to have known that the said sum formed proceeds of unlawful activitiesand you thereby committed an offence contrary to Section 18(c) of the Money Laundering Prohibition Act 2011 as amended by Act No. 1 of 2012) and punishable under section 15(3) of the same Act
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation and Abubakar Abdulaziz Malami sometime in March, 2021 in Abuja within the jurisdiction of this Honourable Court did retain the total sum of N600,000,000.00 in Metropolitan Auto Tech Limited as cash collateral for a loan of N500,000,000.00 granted to RAYHAAN HOTELS LTD by Sterling Bank Plc when you reasonably ought to have known that the said cash collateral of N600,000,000.00 was proceed of unlawful activities and you thereby committed an offence contrary to Section 18(c) of the Money Laundering Prohibition Act 2011 as amendedpunishable under section 15(3) of the same Act
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation, Abubakar Abdulaziz Malami, and Hajia Bashir Asabe an employee of Rahamaniyya Properties Limited sometime in November, 2022 in Abuja within the jurisdiction of this Honourable Court did indirectly disguise the unlawful origin of the aggregate sum of N500,000,000.00 paid to Efab Properties Ltd paid for purchase of property known as luxury duplex at Amazon street, Plot No. 3011 within Cadastral Zone A06 Maitama District, Abuja in favour of Abubakar Malami SAN when you reasonably ought to have known that the said N500million formed proceed of unlawful activity and you thereby committed an offence contrary to section 18(2) (a) and punishable under section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
“That you Abubakar Malami SAN, Abubakar Abdulaziz Malami, and Hajia Bashir Asabe an employee of Rahamaniyya Properties Ltd sometimes in September 2024 in Abuja within the jurisdiction of this Honourable Court conspired to disguise the unlawful origin of the aggregate sum of N1,049,173,926.13 paid through the Union Bank Plc account of Meethaq Hotels Ltd Jabi savings Account No. 0179011105 between November 2022 and September 2024 and you thereby committed an offence contrary to Section 21 of the Money Laundering (Prevention and Prohibition Act) 2022 and punishable under Section 18(2) (a) and (3) of the same Act.
“That you Abubakar Malami SAN, and Abubakar Abdulaziz Malami between November 2022 and October, 2025 indirectly took control of the aggregate sum of N1,362,887,872.96 paid through the savings account of Meethaq Hotels Limited in Union Bank Plc when you reasonably ought to have known that the said funds formed proceeds of unlawful activity and you thereby committed an offence contrary to Section 18(2) (d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation and Hajia Bashir Asabe an employee of Rahamaniyya Properties Ltd sometimes between November and December, 2018 in Abuja within the jurisdiction of this Honourable Courtindirectly concealed the unlawful origin of the aggregate sum of N700,000,000.00 paid for the purchase of the property described as No. 3 Onitsha Crescent Area 11, Garki Abuja (Hamonia Hotels Ltd) in favour of Abubakar Malami SAN when you reasonably ought to have known that the said sum of N700, 000,000.00formed proceeds of unlawful activityand you thereby committed an offence contrary to section 15(2) (d) and punishable under section 15(3) of the Money Laundering (Prohibition) Act, 2011 as amended.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation, Abubakar Abdulaziz Malami and Hajia Bashir Asabe an employee of Rahamaniyya Properties Ltdsometimes between September 2020 and December, 2020 in Abuja within the jurisdiction of this Honourable Court, indirectly concealed the aggregate sum of N850,000,000.00 paid for the purchase of property described as Plot 683 Jabi District Cadastral Zone B04 (Meethaq Hotels Ltd, Jabi) when you reasonably ought to have known that the said sum of N850, 000, 000.00 represented proceeds of unlawful activity and you thereby committed an offence contrary to Section 15(2) (d) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011 as amended.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation and Hajia Bashir Asabe an employee of Rahamaniyya Properties Limited on or about February, 2018 in Abuja within the jurisdiction of this Honourable Court indirectly acquired the property described as No. 3 Rhine Street Maitama, Abuja (Meethaq Hotels Ltd) for an aggregate sum of N430,000,000.00 when you reasonably ought to have known that the said sum of N430,000,000.00 formed proceeds of unlawful activity and you thereby committed an offence contrary to Section 15(2) (d) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011 as amended.”
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation and Hajia Bashir Asabe an employee of Rahamaniyya Properties Ltd sometimes on or about February, 2018 in Abuja within the jurisdiction of this Honourable Court indirectly concealed the unlawful origin of the aggregate sum of N210,000,000.00 paid for the purchaseof the property described as No. 3130 Cadastral Zone A04 Asokoro District, Abuja in favour of Abubakar Malami SAN when you reasonably ought to have known that the said sum of N210, 000, 000,000.00 represented proceeds of unlawful activity and you thereby committed an offence contrary to section 15(2) (d) and punishable under Section 15(3) of the Money Laundering ( Prohibition) Act, 2011 as amended.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation and Hajia Bashir Asabe an employee of Rahamaniyya Properties Ltd between March and June 2021 in Abuja within the jurisdiction of this Honourable Court indirectly concealed the unlawful origin of the aggregate sum of N325,000,000,000.00 paid for the purchase of property described as No. 1241B Asokoro District Zone (No. 11A Yakubu Gowon Crescent Asokoro) in favour of Abubakar Malami SAN when you reasonably ought to have known that the said sum of N325, 000, 000.00 represented proceed of unlawful activity and you thereby committed an offence contrary to section 15(2) (d) and punishable under section 15(3) of the Money Laundering ( Prohibition) Act, 2011 as amended.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation and Hajia Bashir Asabe an employee of Rahamaniyya Properties Ltd between November 2015 and January, 2016 in Abuja within the jurisdiction of this Honourable Court indirectly concealed the unlawful origin of the aggregate sum of N120,000,000,000.00 paid for the purchase of property described as No. 27 Efab Estate 5th Avenue, 59th Crescent, Gwarimpa, Abuja in favour of Abubakar Malami SAN when you reasonably ought to have known that the said sum of N120, 000, 000.00 represented proceeds of unlawful activity and you thereby committed an offence contrary to section 15(2) (d) and punishable under section 15(3) of the Money Laundering ( Prohibition) Act, 2011 as amended.
“That you Abubakar Malami SANwhilst being the Attorney-General of the Federation, Abubakar Abdulaziz Malami, and Hajia Bashir Asabe an employee of Rahamaniyya Properties Ltd sometime in November, 2022 in Abuja within the jurisdiction of this Honourable Court did conspire amongst yourselves to conceal the unlawful origin of the funds paid for the purchase of property known as luxury duplex at Amazon street, Plot No. 3011 within Cadastral Zone A06 Maitama District, Abuja and you thereby committed an offence contrary to Section 21 of the Money Laundering (Prevention and Prohibition Act) 2022 and punishable under Section 18(2) (a) and (3) of the same Act.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation, Hajia Bashir Asabe whilst being an employee of Rahamaniyya Properties Ltd and other persons at large between December, 2016 and April, 2022 in Abuja within the jurisdiction of this Honourable Court conspired amongst yourselves to indirectly acquire landed properties for Abubakar Malami SAN with proceeds of unlawful activity and you thereby committed an offence contrary to section 18 of the Money Laundering (Prohibition Act) 2011 and punishable under Section 15(2) (a) and (3) of the same Act.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation, between June and January, 2023in Abuja within the jurisdiction of this Honourable Court indirectly concealed the unlawful origin of the aggregate sum N537,000,000.00 which you paid for the purchase of the properties namely (i) No. 26 Babbi Street, BUA Estate, Abuja, (ii) 4 bedroom Bungalow, Guesse 2 Brinin- Kebbi and (iii) No. 4 Ahmadu Bello Way, Kano, Nassarawa GRA, Kano knowing that the said sum of N537, 000,000.00formed proceeds of unlawful activity and you thereby committed an offence contrary to section 18(2) (a) and punishable under section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
“That you Abubakar Malami SAN whilst being the Attorney-General of the Federation, between October 2018 and December, 2021 in Abuja within the jurisdiction of this Honourable Court indirectly concealed the aggregate sum N415,000,000.00 which you paid for the purchase of the properties namely (i) No. 28 Bagudu Kaltio crescent Gwarimpa, Abuja (ii) Plot 13, Ipent 7 Estate Abuja and (iii) A Plaza, Commercial Toilets, Laundry and Warehouse Tanks Adjacent to Brinin Kebbi Market (iv) 100 hectares of land Along Brinin Kebbi, Jeba Road (v) Plot 157 Lamido Crescent, Nassarawa Road GRA, Kano knowing that the said sum of N415,000,000.00 formed proceeds of unlawful activity and you thereby committed an offence contrary to Section 15(2) (a) and punishable under Section 15(3) of the Money Laundering Prohibition Act, 2011 as amended.”
A Rivers High Court sitting in Oyigbo Local Government Area has stepped into the escalating political crisis in the state, issuing an interim injunction that temporarily halts further action on the impeachment process against Governor Siminalayi Fubara and his deputy, Ngozi Nma-Odu.
In a ruling delivered in Port Harcourt, the court restrained the Speaker of the Rivers State House of Assembly, Martin Amaewhule, alongside thirty-two other defendants — including the Clerk of the House and the Chief Judge of Rivers State—from taking steps aimed at advancing the impeachment process.
Specifically, the order barred the Chief Judge, Justice Simeon Chibuzor-Amadi, from receiving, forwarding, considering, or acting on any request, resolution, or impeachment-related document from the Assembly for the purpose of constituting an investigative panel, pending the determination of the matter. The injunction is to subsist for seven days.
In the two suits—marked OYHC/7/CS/2026 and OYHC/6/CS/2026—the court also granted the claimants leave to serve the interim order and other originating processes on the first to the thirty-first defendants by pasting them at the gate of the Rivers State Assembly quarters.
The court also directed that the Chief Judge, listed as the 32nd defendant, be served through any staff of the judiciary at his chambers within the court premises.
Justice Fiberesima thereafter adjourned the matter to January 23, 2026, for hearing of the motion on notice, as the legal battle over the impeachment move shifts from the political arena to the courtroom.
On Friday, the Rivers State House of Assembly had called on the Chief Judge of the state to set up a panel to investigate the allegations of gross misconduct against Governor Fubara and his deputy.
The assembly members, who made the call through a unanimous vote, vowed to continue with the impeachment process.
The lawmakers had earlier addressed a press conference in Port Harcourt, where they accused Fubara of allegedly using blackmail.
Addressing journalists, the deputy speaker, Dumle Maol, claimed Fubara lacked the trust needed to address the crisis rocking the oil-rich state.
They accused the governor of infringing on the 1999 Constitution, saying the parliament was left with no other choice but to apply their legislative power by impeaching him from office.
The lawmakers also claimed the governor and his deputy had resorted to intimidating the parliament.
They, however, thanked President Bola Tinubu for wading into the crisis.
The members also called on the Speaker, Martin Amaewhule, to reconvene the House.
Their position came weeks after they initiated an impeachment process against Fubara and Odu. The lawmakers are accusing them of gross negligence, a move that has heightened political tension in the coastal state.
No amount of intervention or pleading will mitigate the case of Siminalayi Fubara at this stage regarding the determination to impeach him, members of the Rivers State House of Assembly, vowed on Friday, as they opened a new chapter in the ongoing onslaught against the state governor.
Against the backdrop of what appeared like a lull when they failed to sit on Thursday for the same purpose, the members on their return, hinged the blame to go on with the action on the alleged intransigence of Fubara to retrace his step.
For this reason, the called on the state Chief Judge to set up the panel of investigation to look into the allegations of gross misconduct levied against Fubara and his deputy, Ngozi Odu.
Conveying their decision which came in form of a unanimous vote, the assembly members, who vowed to continue with the impeachment process, stressed that no amount of intimidation, blackmail or intervention would stop them this time – the third in the impeachment approach, which was first initiated in November 2023.
Dumle Maol, Deputy Speaker, had earlier told reporters that Fubara lacked the trust needed to address the crisis rocking the oil-rich state, accusing him of multiple infringement on the 1999 Constitution, which left the house with no other choice but to apply their legislative power.
Accusing the governor and his deputy of resorting to intimidation of the parliament, including the dropping of the name of President Bola Tinubu, they thanked the President for wading into the crisis in order to find a solution, but regrated that his efforts were stalled by the same Fubara.
If Peter Obi had mobilised Nigerians against those who rigged him out of the presidential election in 2023, his mandate given to him by the electorate would have been intact and he would have been President today.
This was the contention of Yusuf Datti Baba-Ahmed, who ran with the former Governor of Anambra State, as vice-presidential candidate of the Labour Party (LP) in the 2023 elections, where Obi was the presidential candidate.
Datti-Ahmed, in an interview currently going viral on social media, told his hosts that anyone seeking to defeat President Bola Tinubu must not rely on the court process but resistance, using Nigerians as was done in the June 12, 1993 election saga against the military.
The outing on Nigeria Right Now, uploaded on YouTube on Thursday, quoted the politician, formerly Senator representing Kaduna Central at the National Assembly, as stating that he made this much clear to Obi, that the judiciary could not resolve the fundamental breaches of the constitution perpetrated by the All Progressives Congress (APC) in the last elections.
Hear him: “I told Peter Obi – Supreme Court cannot give you governor and give you presidency. For God’s sake, stand up and do something. The Nigerian Constitution was clearly breached.
“The Nigerian constitution was clearly breached; section 134 2b. It couldn’t be any clearer. Now, if it was June 12 people, and you breached not just the constitution but just one punctuation in their interest, I swear to God, nobody will sleep. They will take it.
“As much as I dislike the fact that they are using the Nigerian constitution, you must give it to them; they fight for their interest. They can organise rallies and can keep it up for three decades. And you are saying, ‘Let’s go to court; let’s go to court.’
“Whoever is going to defeat Tinubu must be ready to, I will use the word, ‘red eye’. You must show your red eyes because on that day that they are declaring the results, the people declaring fake results are criminals, and those who are stopping the declaration of fake results are good citizens. Whoever is going to defeat Tinubu must show red eyes… there’s no going to court.”
In the 2003 Anambra governorship election, the Independent National Electoral Commission (INEC) declared Chris Ngige of the Peoples Democratic Party (PDP) the winner, but Obi, candidate of the All Progressives Grand Alliance (APGA), challenged the result and was later affirmed governor by the court of appeal in March 2006.
Similarly, in 2023, Obi challenged Tinubu’s victory, the APC presidential candidate, but his appeal was dismissed up to the supreme court level.
Court halts move to impeach Fubara *Orders CJ to tarry on panel
Impeachment: Do your job, Rivers assembly tells CJ *Insist Fubara must go
Rigging: I warned Obi that judicial option in 2023 won’t work – Datti
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