The Economic and Financial Crimes Commission (EFCC) has secured a final court order forfeiting 48 properties linked to a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), to the Federal Government.
The anti-graft agency announced the development on its official social media platforms on Wednesday, stating that Justice Joyce Abdulmalik of the Federal High Court in Abuja granted the final forfeiture order following the hearing of the Commission’s application for permanent forfeiture.
The EFCC had urged the court to make absolute an earlier interim forfeiture order after investigations allegedly traced the properties to unlawful activities.
According to the EFCC, the court held that the Commission had successfully established that the properties were reasonably suspected to be proceeds of unlawful activities and that there was no satisfactory evidence showing they were acquired from legitimate sources of income.
According to the EFCC, the court held that the Commission had successfully established that the properties were reasonably suspected to be proceeds of unlawful activities and that there was no satisfactory evidence showing they were acquired from legitimate sources of income.
Consequently, Justice Abdulmalik ordered the final forfeiture of the 48 properties to the Federal Government.
The ruling marks another significant milestone in the Commission’s ongoing anti-corruption campaign, which has seen several high-profile asset recovery cases concluded through the courts in recent years.
The EFCC reaffirmed its commitment to tracing, recovering and forfeiting assets believed to have been acquired through illicit means, stressing that the fight against economic and financial crimes remains a key priority.
The ruling marks another significant milestone in the Commission’s ongoing anti-corruption campaign, which has seen several high-profile asset recovery cases concluded through the courts in recent years.
The EFCC reaffirmed its commitment to tracing, recovering and forfeiting assets believed to have been acquired through illicit means, stressing that the fight against economic and financial crimes remains a key priority.
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