A Federal High Court has ordered the final forfeiture of 48 properties allegedly linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), in an alleged money laundering case.
CDA News Nigeria gathered that the order followed an application by the Economic and Financial Crimes Commission (EFCC), which argued that the properties were suspected to be proceeds of unlawful activities. The anti-graft agency urged the court to grant a final forfeiture after meeting the legal requirements.
In its ruling, the court held that the conditions for the final forfeiture had been satisfied and consequently directed that the assets be forfeited to the Federal Government.
The forfeited properties are reportedly located in different parts of the country and formed part of the assets under investigation by the EFCC.
CDA News Nigeria reports that the development marks a significant step in the ongoing legal proceedings involving the former minister. However, the allegations remain subject to the judicial process, and any further legal remedies available to the affected parties may still be pursued in accordance with the law.
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