EFCC Vs Malami: Ex-AGF Defends Wealth As Seized Assets Spark Fresh Controversy

He is seeking an order setting aside the ruling that authorized the seizure, insisting that all the affected assets were acquired through legitimate means.

Court filings show that Malami argued that the properties listed in the January 2026 forfeiture order were purchased using earnings accumulated over several years. He said his income was derived from lawful legal practice, business ventures, and other declared sources.

The EFCC had earlier secured a court order permitting the interim seizure of the assets pending the conclusion of its investigation, on suspicion that they were linked to illicit funds.

However, Malami dismissed the allegations, stating that the commission failed to provide credible evidence connecting the properties to any criminal activity.

He also challenged the valuation of the seized assets, arguing that the figures presented by the EFCC were significantly inflated compared to their actual market value. According to him, independent assessments placed the properties at far lower amounts.

Malami further maintained that his wealth was built over decades through his legal career, which spans more than 30 years, as well as investments in hospitality, agriculture, and education.

He added that additional income came from bank loans, asset sales, and personal projects, including book-related ventures.

The former AGF also stated that all his assets and income were duly declared to the Code of Conduct Bureau in line with legal requirements for public officers.

Beyond disputing the forfeiture, Malami accused the EFCC of exceeding its legal authority during the enforcement process.

He alleged that some properties were taken without a final court order, while claiming that family members were evicted and personal documents removed during the operation.