The Economic and Financial Crimes Commission (EFCC) has taken enforcement action against properties linked to the former Attorney-General of the Federation (AGF), Abubakar Malami (SAN), in Abuja. Operatives began marking several high-value assets yesterday, Monday, March 23, 2026, as part of an ongoing investigation into alleged money laundering and illicit asset accumulation.
Key Details of the Enforcement
- The Action: EFCC officials, accompanied by armed security, were seen “marking” residences and offices linked to the former minister to notify the public of their status under a court-ordered forfeiture.
- Legal Basis: EFCC spokesperson Dele Oyewale stated the action follows a valid interim forfeiture order granted by a federal court. This is a standard procedure once a court temporarily forfeits assets to the government.
- Malami’s Reaction: In a viral video, Malami was seen confronting the operatives, questioning the legality of the move. He claimed the interim order, originally granted on January 6, 2026, was only valid for 14 days and has since lapsed. He described the move as a “show of force” and “unnecessary embarrassment.”
Properties Under Investigation
The EFCC has reportedly traced 41 to 57 properties to Malami and his sons across Abuja, Kebbi, and Kano, with a combined estimated value exceeding N212 billion. Key Abuja properties mentioned in court documents include:
- Meethaq Hotels: Locations in Jabi and Maitama, valued at over N21 billion.
- Maitama Duplex: A luxury residence on Amazon Street, estimated at N5.95 billion.
- Harmonia Hotels: A two-winged building in Garki, purchased for N7 billion.
- Efab Estate: 42 units of bungalows in the Gwarimpa area.
Political Context & Background
The seizure occurred just hours after a “solidarity visit” to Malami’s home by former Vice President Atiku Abubakar. Atiku has since condemned the EFCC’s actions, characterizing them as “politically motivated” and “state capture,” alleging that the government is weaponizing state agencies against the opposition.
Malami, who recently resigned from the APC to join the African Democratic Congress (ADC), is also facing a separate N8.7 billion money laundering trial and allegations related to terrorism financing, for which he was recently granted bail.
