The Economic and Financial Crimes Commission has secured final forfeiture of 48 properties. The assets are linked to former Attorney-General of the Federation Abubakar Malami. The commission announced the victory in an ongoing corruption case.
Malami served as Attorney-General under President Muhammadu Buhari. He has faced multiple allegations of asset declaration violations. The EFCC has investigated his property portfolio for years. The 48 properties span several states. The commission filed the forfeiture application under the Money Laundering Act. Final forfeiture means the court has permanently transferred the assets to the federal government. Malami has consistently denied wrongdoing. He claims the properties were acquired through legitimate means. The case has tested the independence of the EFCC under the Tinubu administration.
The EFCC has not disclosed the total value of the forfeited assets. The properties will be transferred to the federal government for disposal or repurposing. Malami may appeal the ruling. Anti-corruption advocates have hailed the decision as a landmark. They say it signals that former high-ranking officials are not immune. Critics question why the case took years to conclude. The forfeiture comes amid broader EFCC actions against politically exposed persons. The commission recently froze Osun State accounts before Tinubu reversed the order.
