EFCC
EFCC Seeks Final Forfeiture of 57 Properties Linked to Malami
The Economic and Financial Crimes Commission (EFCC), on Thursday, urged the Federal High Court in Abuja to order the permanent forfeiture of 57 properties allegedly linked to a former Attorney General of the Federation and Minister of Justice, Abubakar Malami, to the Federal Government.
The anti-graft agency, in a motion on notice filed by its legal team led by Jibrin Okutepa (SAN) and Ekele Iheanacho (SAN), told Justice Joyce Abdulmalik that the respondents failed to present sufficient material before the court to justify setting aside the interim forfeiture order earlier granted.
The motion, marked FHC/ABJ/CS/20/2026, listed Malami, Hajiya Bashir Asabe, and Abiru’ Rahman Abubakar Malami among the respondents, alongside several companies allegedly linked to the assets.
The EFCC brought the application pursuant to Section 17 of the Advance Fee Fraud and Other Fraud-Related Offences Act, 2006, seeking “a final order of this honourable court forfeiting to the Federal Government of Nigeria the properties described in the schedule below, which were found by the commission to be properties reasonably suspected to be proceeds of unlawful activities.”
Arguing the motion, Okutepa said the proceeding was a non-conviction-based forfeiture and that the court had the statutory powers to grant the relief sought.
He added: “This honourable court made an interim order forfeiting the properties to the Federal Government of Nigeria.
“The order of the honourable court was published in a national daily, namely THISDAY Newspaper of January 9, 2026.
“No sufficient cause has been shown why the properties under the interim forfeiture order should not be finally forfeited to the Federal Government of Nigeria,” Okutepa argued.
In an affidavit deposed to by an EFCC investigator, Daniel Adebayo, the commission said it received multiple petitions alleging corruption, abuse of office, and fraud against the former minister.
Adebayo stated that investigations included obtaining financial records from banks and the Central Bank of Nigeria, as well as inquiries from agencies such as the Corporate Affairs Commission, Federal Inland Revenue Service, Code of Conduct Bureau, and the Abuja Geographical Information System.
He added that land registries in Kebbi, Sokoto, and Kano states were also examined, while assets were physically verified and valued. Individuals linked to the transactions were also invited and interviewed.
He further stated that Malami’s earnings while in office between 2015 and 2023, including salaries, allowances, and estacodes, were not commensurate with the value of the assets under investigation.
“I know as a fact and verily believe the findings of the investigation, which are as follows:
“Mr. Abubakar Malami, SAN, was the Honourable Minister of Justice and Attorney General of the Federation from 2015 to 2023.
“He was paid a total of N89,664,000.00 as salary between 2015 and 2023, with an average monthly payment of N962,663.68.
“He also received a severance allowance of N12,158,400.00 at the end of his tenure.
“Mr. Malami, SAN, was also paid estacodes to cover travel expenses for official trips outside the country.
“He calculated and declared a total sum of N253,608,500.00 as the amount received for official trips between 2015 and 2023 in a letter to the Chairman of the Code of Conduct Bureau, as an addendum to his asset declaration form in June 2023.
“Attached and collectively marked as Exhibits EFCC 2 & 3 are copies of the asset declaration forms filled out by Mr. Malami, SAN, from 2015 to 2023, together with a letter dated June 16, 2023, written by him to the Chairman of the CCB as an addendum to the asset declaration form, as found at his residence during the EFCC’s execution of a search warrant.”
Adebayo further deposed: “Aside from the acquisition of the properties, which are manifestly disproportionate to Mr. Malami, SAN’s known and lawful sources of income, no building permits or approvals from appropriate authorities were obtained for many of the structures in Kano and Kebbi states, as part of a scheme to disguise the unlawful origin of the funds used to acquire the assets.”
He alleged that some of the properties were acquired through proxies and corporate entities linked to the former minister.
The EFCC listed 57 landed properties spread across Abuja, Kebbi, Kano, and Kaduna states, including assets tied to Rayhaan University in Kebbi.
Justice Abdulmalik fixed April 21 for the hearing of the motion.
The case stems from an earlier order of the Federal High Court in Abuja on January 8, 2026, presided over by Justice Emeka Nwite, which granted an interim forfeiture of the 57 properties following an ex parte application by the EFCC.
The properties, valued at about N213.2 billion, were said to be linked to Malami and two of his sons and are suspected to be proceeds of unlawful activities.
The court directed that the assets be temporarily forfeited to the Federal Government and ordered the EFCC to publish the order in a national newspaper to allow interested parties to show cause within 14 days why they should not be permanently forfeited.
Following the interim order, Malami and other respondents challenged the forfeiture proceedings, urging the court to set aside the order.
EFCC
Alleged $6bn Mambilla Project Fraud: Witness Clarifies Certification of FEC Meeting Extracts
The Fifth Prosecution Witness (PW5) in the trial of former Minister of Power, Olu Agunloye, on Wednesday, June 10, 2026, clarified issues surrounding the certification of the extract of the minutes of the Federal Executive Council (FEC) meeting of May 21, 2003, before Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court, Apo, Abuja, following a formal request by the Economic and Financial Crimes Commission (EFCC) for certified extracts of the meeting.
The former minister is facing prosecution on an amended seven-count charge bordering on alleged official corruption and the fraudulent award of the Mambilla Power Project contract worth $6 billion to Sunrise Power Transmission Company Limited.
The witness, Iliya John Iyakwari, an Assistant Director of Legal in the Federal Ministry of Justice, currently serving in the Federal Ministry of Power as an Assistant Legal Adviser since August 2014, stated during cross-examination by defence counsel, Adeola Adedipe, SAN, that the request for a certified copy of the extract of the FEC meeting of May 21, 2003, was received from the EFCC in July 2023.
He explained that the certification was eventually done in 2024 because, upon receipt of the request letter from the User Department, the Legal Department forwarded a memo to the EFCC dated July 27, 2023, but the initial copy sent to the Commission was not certified, prompting the EFCC to return it.
“It was after it was received by the EFCC in July 2023 that they realised the extract was not certified. So, in January 2024, a staff of the EFCC brought back Exhibit Three K to my Legal Adviser, and the name of the EFCC staff is Babangida.
“He brought it personally and reminded my director that it was not certified. My director then gave me the document to certify. That is why my lord will see on the face of the document that the date it was certified, January 26, 2024, is different from the date it was forwarded. It was in the process of certification that I mistakenly stamped the original forwarding letter dated June 27, 2023. After stamping the document, I gave it back to my director, who I believe handed it over to Babangida because I left them afterwards,” he said.
When asked whether his earlier testimony suggesting certification in June 2023 was contradictory, prosecution counsel, Abba Mohammed, SAN, defended the witness’ position, insisting that the testimony was not contradictory and that court records spoke for themselves.
“My lord, I object to this particular question anchored on Exhibit PW5A, which was just tendered in court. What I see in our record, and what I believe is reflected in the records of the court, is that in his explanation, he summarised that all these activities were done in June 2023; he never said the certification was done in 2023.
“This objection is founded on Section 36 of the 1999 Constitution of the Federal Republic of Nigeria, which is superior to the Evidence Act. We will rely on the record of the court, particularly line 16,” he said.
The witness was also asked whether the document tendered in court by Babangida during his testimony was a different extract of the FEC meeting from the one he certified.
The prosecution counsel again objected, arguing that the witness, in line with court procedure, was absent from the courtroom during Babangida’s testimony and therefore could not be cross-examined on a document that was not tendered through him. He cited the case of Buhari v. INEC & Others (2008).
Justice Onwuegbuzie adjourned the matter until June 18 and July 2, 2026, for the continuation of trial.
EFCC
EFCC Arraigns Three Over Alleged ₦10bn Fidelity Bank Fraud in Lagos
The Economic and Financial Crimes Commission (EFCC) has arraigned three men and another suspect currently at large before the Lagos State High Court sitting in Ikeja over an alleged ₦10 billion fraud involving Fidelity Bank Plc.
The defendants, identified as Ibeh Emmanuel, Chidiebere Ihekoronye, Akubuo Chimuanya, and Austen Peaks Aniekan, who is currently at large, were brought before Justice Olubusola A. Okunuga on Wednesday on a five-count charge bordering on conspiracy, obtaining by false pretence, possession of fraudulent documents, and forgery.
According to the EFCC, the defendants allegedly conspired to fraudulently obtain ₦10 billion from Fidelity Bank Plc through forged documents and false representations.
One of the charges alleged that on or about April 16, 2026, the defendants, with intent to defraud, conspired among themselves to obtain the sum of ₦10 billion from Fidelity Bank Plc by falsely claiming that Maton Engineering Limited, which maintains account number 4011468821 with the bank, had issued an irrevocable standing order directing the reservation, blocking, and transfer of the funds in favour of Prospera Finance Limited, domiciled with Wema Bank Plc.
The anti-graft agency stated that the representation was false and that the defendants were fully aware of its falsity at the time it was made.
The commission further alleged that the defendants attempted to obtain the said amount based on the same purported instruction and false representation.
According to the charge, the alleged offences contravene Sections 1(1)(a), 8(a), and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
The EFCC also accused Emmanuel of being in possession of a document purportedly issued by Fidelity Bank Plc confirming the existence of blocked funds amounting to ₦10 billion in favour of Prospera Finance Limited, which he allegedly knew to be false.
In addition, the defendants were accused of forging a document titled, “Confirmation of Ten Billion Naira (₦10,000,000,000.00) Blocked Funds in Favour of Prospera Finance Limited,” purportedly emanating from Fidelity Bank Plc.
The commission alleged that the document was knowingly fabricated without lawful authority, contrary to Section 365(1) of the Criminal Law of Lagos State, 2015.
When the charges were read to them, the defendants pleaded not guilty.
Following their plea, prosecution counsel, A.A. Usman, urged the court to fix a date for trial and requested that the defendants be remanded in a correctional facility pending the determination of their bail applications.
Justice Okunuga subsequently ordered that the defendants be remanded at the Ikoyi Correctional Centre and adjourned the matter until June 18, 2026, for the hearing of their bail applications and the commencement of trial.
The EFCC stated that investigations into the alleged fraud are ongoing, while efforts are being intensified to apprehend the fourth defendant, Aniekan, who remains at large.
EFCC
EFCC Arraigns Blessing CEO for Fresh Alleged ₦69.1m Fraud
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), on Tuesday, June 9, 2026, arraigned a social media influencer, Okoro Blessing Nkiruka (a.k.a. Blessing CEO), before Justice R.A. Oshodi of the Special Offences Court sitting in Ikeja, Lagos, over an alleged ₦69,150,000 fraud.
Nkiruka was arraigned on a two-count charge bordering on obtaining money by false pretence and stealing to the tune of ₦69,150,000.
At the commencement of proceedings, prosecution counsel, C.C. Okezie, urged the court to proceed with the arraignment, arguing that the defendant had been duly served with the charge.
However, defence counsel, Nkama Nneka, informed the court that service of the charge had only recently been effected.
In his ruling, Justice Oshodi held that the arraignment should proceed in accordance with the law. Consequently, the charges were read to the defendant.
Count one reads: “That you, OKORO BLESSING NKIRUKA, on or about March 21, 2025, in Lagos, within the jurisdiction of this Honourable Court, by false pretence and with intent to defraud, induced Hope Chiropractic Health Clinic Limited to confer a benefit of ₦69,150,000 (Sixty-Nine Million, One Hundred and Fifty Thousand Naira) on you under the representation that the property located at No. 1 Tunbosun Osobu Street, Lekki, belonged to you and was leased to the company for a period of five years, a representation you knew to be false, thereby committing an offence contrary to Section 1(2) and punishable under Section 1(3) of the Advance Fee Fraud and Other Related Offences Act.”
Count two reads: “That you, OKORO BLESSING NKIRUKA, on or about March 21, 2025, in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use the sum of ₦69,150,000 (Sixty-Nine Million, One Hundred and Fifty Thousand Naira), being the property of Hope Chiropractic Health Clinic Limited, thereby committing an offence of stealing contrary to Section 280(2) and punishable under Section 287 of the Criminal Law of Lagos State, 2015.”
The defendant pleaded “not guilty” to the charges when they were read to her.
Following her plea, Okezie asked for a trial date and prayed the court to remand the defendant in EFCC custody pending her scheduled arraignment before the Federal High Court, Ikoyi, Lagos, on June 10, 2026, in another alleged fraud case.
Consequently, Justice Oshodi remanded the defendant in EFCC custody and adjourned the matter till July 16, 2026, for the hearing of the bail application and commencement of trial.
In a related development, Justice D.I. Dipeolu of the Federal High Court, Ikoyi, Lagos, on Tuesday, June 9, 2026, granted Blessing Nkiruka, who is being prosecuted for an alleged ₦36 million fraud, bail in the sum of ₦10 million with two sureties in like sum.
One of the sureties must be a family member and is required to provide proof of employment, a Bank Verification Number (BVN), National Identification Number (NIN), and a valid phone number.
The sureties must also submit a valid international passport, tax clearance certificates for the last two years, and six passport photographs.
The defendant was earlier arraigned on a two-count charge by the Lagos Zonal Directorate 1 of the EFCC bordering on obtaining money by false pretence and stealing to the tune of ₦36 million.
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