News
Court Orders Interim Forfeiture Of 57 Malami‑Linked Properties To FG (Full List)
The Federal High Court in Abuja has ordered the interim forfeiture of 57 landed properties suspected to be proceeds of illegal activities linked to Abubakar Malami (SAN), former Attorney-General of the Federation and Minister of Justice, in favour of the Federal Government of Nigeria.
Justice Emeka Nwite granted the forfeiture order on Tuesday following an ex parte application by the Economic and Financial Crimes Commission (EFCC), represented by its lawyer, Ekele Iheanacho, SAN.
A certified true copy (CTC) of the ruling was sighted by newsmen on Wednesday.
According to the court order, the multi‑billion‑naira properties believed to be proceeds of unlawful activities are situated in Abuja, Kebbi, Kano, and Kaduna states.
“It is hereby ordered that an interim order of this honourable court is hereby made forfeiting to the Federal Government of Nigeria the properties described in Schedule 1 below, which are reasonably suspected to be proceeds of unlawful activities,” Justice Nwite declared in his ruling.
In the same ruling, the judge directed that the interim forfeiture order be published in a national daily newspaper, inviting “any person(s) or body(ies) who may have an interest in the properties listed in the schedule” to come forward within 14 days of publication to show cause why a final forfeiture order should not be made.
This process, known as a show‑cause directive, allows interested parties to file objections or lay claim to vested interests in the properties before the court considers a final forfeiture judgment.
Justice Nwite adjourned the matter until January 27 for a report of compliance with the court’s directives.
The assets include:
– 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 ₦500, 000, 000.00 (value after enhancement at ₦5, 950,000,000);
– Two Winged Large Storey Building Situate at No. 3, Onitsha Crescent, Area 11, Garki, Cadastral Zone, A03, Abuja (formerly Harmonia Hotels Limited), FCT, which was purchased in December 2018 at N7,000,000,000.00.
– Plot 683, Jabi District, Cadastral Zone B04, Comprising a five-storey Building (Now Luxurious Meethaq Hotels Ltd, Jabi with 53 rooms/suites), which was purchased in September 2020 at carcass level at ₦850, 000, 000. 00 with additional ₦300 000 000 to take possession (value after completion ₦8,400,000,000).
– Property No. 3130 within Cadastral Zone A04, Asokoro District, FCT, Abuja, Comprising of Terraces, purchased in Jan. 2021 at N360, 000, 000.00.
– Property No. 3 Rhine Street, Maitama, Abuja (MEETHAQ HOTELS LTD, MAITAMA WITH 15 ROOMS), which was purchased in Feb. 2018 at ₦430, 000, 000.00 (current value after rehabilitation is ₦12, 950, 000, 000).
– Plot No. 1241B, Asokoro District Zone (NO. 11A YAKUBU GOWON CRESCENT) ASOKORO DISTRICT, which was purchased in July 2021 at ₦325 000 000.00.
– SHOP NO. C82 CITISCAPE, SHARIFF PLAZA, PLOT 739 CADASTRAL ZONE A07, AMINU KANO CRESCENT, WUSE Il, FCT, ABUJA, which was purchased in March 2024 at ₦120, 000, 000.00.
– NO. 4 AHMADU BELLO WAY, NASARAWA GRA, KANO, which was purchased in Dec. 2022 at ₦300, 000, 000. 00
– PLOT 157, LAMIDO CRESCENT, NASARAWA, GRA, KANO, purchased in July 2019 with no specific amount stated.
– A PLAZA, COMMERCIAL TOILETS, LAUNDERING, WAREHOUSE TANKS ADJACENT TO BIRNIN KEBBI MARKET, which was purchased in 2021 at ₦100, 000, 000.00.
– 100 HECTARES OF LAND ALONG BRININ KEBBI, JEGA ROAD, which was purchased in 2020 at ₦100,000,000.00.
– 4 BEDROOM BUNGALOW GESSE PHASE, BIRNIN KEBBI, which was purchased in 2023 at ₦101,000,000.00.
– SHOPS NOS. A36, B3 VEGAS MALL, WUSE 2, ABUJA, which was purchased in July 2023 at ₦158,000,000.00.
– NO. 26, BABBI DRIVE, BUA ESTATE, ABUJA, purchased in 2022 at ₦136,000,000.00.
– NO. 27, EFAB ESTATES AVENUE, 59™ CRESCENT, GWARIMPA, ABUJA, purchased in Jan. 2016 at ₦120,000,000.00.
– 4 BEDROOM/ 2 ROOMS BOYS QUARTERS AT NO. 10B, DOKA CRESCENT ABAKPA GRA, KADUNA, purchased in Jan. 2018 at ₦40,000,000.00.
– PLOT NO. 13, IPENT 7 ESTATE, KARSANA DISTRICT, ABUJA, purchased in June 2018 at ₦85,000,000.00.
– A BEDROOM DUPLEX & BOYS QUARTERS AT NO. 12 YALINGA STREET, OFF ADETOKUNBO ADEMOLA CRESCENT, WUSE II, ABUJA, purchased in Oct. 2018 at ₦150, 000, 000.00.
– TWO WAREHOUSE SHOPS B40 AND B46, WUSE MARKET, ABUJA, purchased in July 2020 at ₦50, 000, 000.00.
– TWIN HOUSES AT ZONE E, APO LEGISLATIVE QUARTERS, CADASTRAL ZONE B01, PLOT 14014, GUDU DISTRICT, ABUJA, were purchased between February and May 2017 at ₦250,000,000.00.
– Properties acquired by Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage, namely.
Others are nine units of three-bedroom bungalow, three units of two-bedroom bungalow, and 5.4 hectares of land, which were purchased between Feb. 2023 and Sept. 2023 for ₦187, 000, 000.00, among other assets listed in the schedule.
Malami, his wife, Hajia Bashir Asabe and his son, Abubakar Abdulaziz, are currently facing an alleged ₦8.7 billion money laundering charge before Justice Nwite.
Business
Fuel may hit N2000/litre. Subsidize crude feedstock now – TUC tells FG
The Trade Union of Nigeria, TUC, has raised the alarm that the price of Premium Motor Spirit aka Petrol may climb to about N2,000 per litre if urgent measures are not taken to cushion the impact of rising global crude prices and the depreciating naira.
Speaking to newsmen on Thursday, April 9, the president of the TUC, Festus Osifo, called on the Federal Government to immediately deploy 60 percent of excess crude oil revenue above the 2026 budget benchmark to subsidise crude feedstock supplies to the Dangote Refinery and other modular refineries, a move it says will slash pump prices of petrol, diesel, and jet fuel within two weeks
“Today, comrades, we are seeing that the cost of petrol is edging towards N2,000 per litre depending on the part of the country that you are. Nigerian workers are already passing through excruciating pain as we speak.
The same way it is affecting transportation, it is also affecting manufacturing. The cost of diesel has also gone northward, meaning that the cost of production has increased. When production costs rise, the final price of goods on the shelves will also skyrocket.
If this continues unchecked, the inflation that we are currently celebrating as going downwards will reverse and start moving up again,” he stated.
Osifo outlined the proposal as an urgent intervention to cushion Nigerian workers from excruciating pain caused by petrol prices edging towards ₦2,000 per litre in some parts of the country
News
Cameroon’s President, Paul Biya Set To Get A Vice President For The First Time In His 43-Year Rule
Cameroon’s president, Paul Biya, is set to get a vice president for the first time in his four-decade rule, following controversial constitutional changes backed by the parliament.
In a joint session of the ruling party-dominated National Assembly and Senate, lawmakers voted 200 to 18 in favour, with four abstentions, to pass the bill.
The bill stipulates that the vice president will automatically assume the presidency if President Paul Biya dies, resigns, or becomes incapacitated.
Biya, 93, has led the Central African country since 1982 and is the world’s oldest serving head of state. Public discussion about his health is banned.
According to the legislation, a copy of which was seen by Reuters, the vice president will be appointed and dismissed by the president, serving for the remainder of the president’s seven-year term.
However, the interim leader would be prohibited from initiating constitutional changes or running in a subsequent election.
Prior to the amendment, the constitution designated the leader of the Senate to briefly take over in case the sitting president d!es or is incapacitated. An election would then be held.
The Social Democratic Front (SDF) party, which has six representatives in parliament, boycotted the vote. It had pushed for a revision in favour of the vice-president being jointly elected with the president, rather than appointed.
The party also sought a constitutional provision that reflects the linguistic split between English and French-speaking regions. The SDF wanted the nation’s top two posts to be shared between Cameroon’s two communities, which was the position before 1972.
“This constitutional reform could have been a moment of political courage, but it is nothing less than a missed historic opportunity,” SDF chairman Joshua Osih said.
News
Nigerians Expect Everything Free, Roads And Light, But Don’t Want To Pay Tax — Minister Wike
Minister of the Federal Capital Territory, Nyesom Wike, has highlighted the ongoing challenges of tax collection, pointing out the disparity between citizens’ expectations and the reality of government revenue.
Speaking with TVC NEWS live, he stressed that while Nigerians expect quality infrastructure and services, there is widespread reluctance to contribute through taxes.
On the difficulty of generating revenue, Wike said: “To collect tax, you know it’s not an easy thing. I don’t know how many of you here like to pay tax. Nigerians want everything for free. They want road, they want light. It is not easy.”
He further stated; “When I came to Abuja we were about 8, 9 billion. The money we get from the federal government is 1% of the allocation of federal government. So if federal government gets 1 trillion for example, they’ll give us one percent which is ten billion naira and that cannot carry the society. Our salary in a month is not less than 12–13 billion, so we must augment. How do we augment?”
Addressing public criticism, he added: “There’s no ab¥se that any politician has received than me. I think after the president, I’m the highest ab¥sed. There’s nothing we do that we won’t get ab¥sed. Well, what is important to me is that I want to be concentrated to do the job.”
On oversight and accountability, Wike explained how closely he monitors the finances: “The money we have gotten from tax challenge me, minister FCT, what are you doing? I’ll show you as I sit here.”
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