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A Federal High Court located in Abuja has mandated the temporary forfeiture of 57 properties believed to be the proceeds of illegal activities allegedly associated with the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami.
The presiding judge, Emeka Nwite, issued this order following an ex parte application submitted by the Economic and Financial Crimes Commission (EFCC), represented by its attorney, Ekele Iheanacho.
In his ruling, the judge stated that the properties, valued at several billion naira, were reasonably suspected to have been acquired through the proceeds of unlawful activities and should be provisionally forfeited to the federal government.
DAILY POST previously reported that the bail was set at N500 million each, accompanied by two sureties.
Frequently Asked Questions
What was the reason for the court's order of forfeiture?
The court ordered the forfeiture because the properties were suspected to be acquired through illegal activities linked to Abubakar Malami.
Who filed the application for the forfeiture?
The application for the forfeiture was filed by the Economic and Financial Crimes Commission (EFCC).
What is the total value of the properties involved?
The total value of the properties is estimated to be several billion naira.
Eze Chidiebere Paul
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