Justice Emeka Nwite of the Federal High Court Abuja has granted the order for the interim forfeiture of multi-billion naira landed property linked to a former Minister of Justice and Attorney-General of the Federation, Abubakar Malami.
The forfeiture order granted on Wednesday came less than 12 hours after the court granted Malami, his son, Abdulaziz, and wife, Bashir Asabe, N500 million bail bond each and two sureties, each in like sum and fixed their trial for February 17.
The judge also directed the publication of the interim order of forfeiture in any national daily “inviting any person(s) or body(ies) who may have interest in the properties listed in the schedule to show cause, within 14 days of the publication, why a final order of forfeiture to the Federal Government of Nigeria of the said assets and properties, should not be made.”
The properties include: Rayhaan University Buildings, Agro allied factory buildings, machines, hotels, pharmacy, supermarket, primary and secondary schools, oil and gas filling stations ,and shops.
Others are luxury duplex at Amazon Street, Plot No. 3011 Within Cadastral Zone, A06 Maitama; File No: AN enhancement 11352, which was purchased in December 2022 at N500, 000, 000.00 (value after enhancement at N5,950,000,000); a large two winged storey building Situate at No. 3, Onitsha Crescent, Area 11, Garki, Cadastral Zone, A03, Abuja (formerly Harmonia Hotels Limited), FCT, which was purchased Dec. 2018 at N7,000,000,000.
Plot 683, Jabi District, Cadastral Zone B04, comprising of a five storey Building (Now Luxurious Meethaq Hotels Ltd, Jabi with 53 rooms/suites), which was purchased in Sept. 2020 at carcass level at N850,000,000 with additional N300,000,000 to take possession (value after completion N8,400,000,000), and several other assets.
