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The Digest:

The Economic and Financial Crimes Commission (EFCC) has traced 41 properties valued at ₦212.9 billion to former Attorney-General Abubakar Malami, with the full list now public.

Key Points:
  • Kebbi State (₦162.20bn): Rayhaan University sites (₦96.25bn), Rayhaan Model Academy (₦11.2bn), Rayhaan Primary & Secondary School (₦8.75bn), Factory complex (₦17.15bn), Azbir Hotel (₦10.33bn), residential houses, and commercial entities.
  • Kano State (₦16.01bn): Zeennoor Hotel (₦11.2bn), Rayhaan Hotel (₦2.24bn), Rayhaan Gym (₦1.23bn), and a house for Malami's wife (₦982.8m).
  • FCT Abuja (₦34.69bn): Duplex in Maitama (₦5.95bn), Meethaq Hotel branches (₦21.35bn), Harmonia Hotels (₦7bn), and 42 bungalow units (₦385m).
  • Malami and his son face 16 counts of money laundering under the Money Laundering Act.
  • Properties span education, hospitality, media, energy, and residential sectors.
  • The case highlights the intersection of public service and private asset accumulation.
  • The detailed breakdown follows heightened public and judicial scrutiny of high-profile figures.
Beyond the figures, this list tells a story of layered investments, questioning how such vast holdings align with a career in public stewardship and what it reveals about accountability in the corridors of power.

Sources: The Cable, Vanguard