The details were contained in documents titled “APPROXIMATE PROPERTY VALUING” and “ABUBAKAR MALAMI IDENTIFIED PROPERTIES,” sighted by SaharaReporters on Wednesday morning.
Fresh documents obtained by SaharaReporters have revealed that Nigeria’s former Attorney General of the Federation and Minister of Justice, Abubakar Malami, is set to face “16 count charges” in connection with an ongoing investigation into alleged fraud, with “30 properties valued at N212.8b to be accounted for.”
The details were contained in documents titled “APPROXIMATE PROPERTY VALUING” and “ABUBAKAR MALAMI IDENTIFIED PROPERTIES,” sighted by SaharaReporters on Wednesday morning.
According to the documents, the identified properties are spread across Kebbi State, Kano State and the Federal Capital Territory (FCT), Abuja, with a combined valuation put at “N212,892,750,000.00.”
Kebbi Properties
Kebbi State accounts for the bulk of the listed assets, with two separate collections valued at “N162,195,950,000.00.”
Among the major properties are Rayhaan University Permanent Site valued at N56,000,000,000.00, Rayhaan University Temporary Site valued at N37,800,000,000.00, and Rayhaan University Third Site, alongside a Rayhaan University Vice Chancellor House valued at N490,000,000.00.
Also listed are Rayhaan Agro Allied Factory buildings valued at N4,200,000,000.00, factory machines and plants valued at N10,500,000,000.00, a factory mosque valued at N2,450,000,000.00, and Rayhaan Mill Staff Quarters valued at N1,487,500,000.00.
The document further lists Rayhaan Bustan Building valued at N3,150,000,000.00, Azbir Hotel valued at N10,325,000,000.00, a printing press valued at N1,050,000,000.00, a gallery valued at N581,000,000.00, gardens valued at N392,000,000.00, and a mosque valued at N252,000,000.00.
Commercial ventures such as Azbir Clothing valued at N350,000,000.00 and Azbir Pharmacy and Supermarket valued at N175,000,000.00 are also included.
The first collection of Kebbi properties alone totals “N131,652,500,000.00.”
A second collection lists additional Kebbi assets including Al-Afiya Energy Tanker Garage valued at N2,450,000,000.00, Rayhaan Model Academy valued at N11,200,000,000.00, Rayhaan Primary and Secondary School valued at N8,750,000,000.00, Rayhaan Security House valued at N245,700,000.00, Rayhaan Radio valued at N78,750,000.00, and an uncompleted three-storey complex valued at N665,000,000.00.
Residential properties listed include Malami House GRA, Malami House Behind Mobil, a residence behind cemetery, Abdulaziz (First Son House) valued at N1,659,000,000.00, and Ahbiru (Second Son House) valued at N2,989,000,000.00.
This second Kebbi collection is valued at “N30,543,450,000.00.”
Kano Properties
In Kano State, the document lists properties with a combined estimated value of “N16,011,800,000.00.”
These include Zeennoor Hotel valued at N11,200,000,000.00, Zeennoor Mosque valued at N84,000,000.00, an old Zeennoor Hotel building valued at N280,000,000.00, Rayhaan Hotel Kano valued at N2,240,000,000.00, Rayhaan Gym Kano valued at N1,225,000,000.00, and a residential property described as “Wife’s House Ahmadu Bello Way Kano” valued at N982,800,000.00.
Abuja Properties
In the Federal Capital Territory, Abuja, the listed assets are valued at “N34,685,000,000.00.”
They include a “Duplex at Amazon Street Maitama valued at N5,950,000,000.00,” Meethaq Hotel Jabi Branch valued at N8,400,000,000.00, Meethaq Hotel Maitama Branch valued at N12,950,000,000.00, two units of bungalow at Efab Estate valued at N385,000,000.00, and Harmonia Hotels Area 11 Garki valued at N7,000,000,000.00.
A summary section of the documents puts the total valuation of the properties at “N212,892,750,000.00,” broken down as Kebbi State properties valued at N162,195,950,000.00, Kano State properties valued at N16,011,800,000.00, and FCT Abuja properties valued at N34,685,000,000.00.
The documents provide a detailed picture of the vast assets now under scrutiny as the former Attorney General prepares to answer to multiple charges linked to alleged fraud.
BREAKING: Nigerian Govt Files Money Laundering, Illegal Funds Concealment Charges Against Ex-AGF Malami, Son | Sahara Reporters https://t.co/XvnF0cU2Ky pic.twitter.com/92bOthui8W
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