The EFCC values the properties at about ₦213 billion and allege that they were acquired through unlawful means. Malami’s lawyers say his asset declarations to the Code of Conduct Bureau (CCB) show legitimate sources of income that explain at least part of his wealth.
Declared income cited in the filing are as follows
*₦374,630,900 — salaries, estacodes, severance allowances, and other official payments.
*₦574,073,000 — proceeds from selling assets.
*₦10,017,382,684 — turnover from private businesses.
*₦2,522,000,000 — loans to businesses.
*₦958,000,000 — traditional gifts from personal friends.
*₦509,880,000 — proceeds from a book launch and related presentations.
According to the court papers cited by media; roughly ₦12–15 billion declared across these categories.
Malami’s legal team is asking the court to Vacate the interim forfeiture order on at least three of the 57 properties named in the EFCC action.
A bloody joke. Every thing listed doesn't even amount to 10% of what he stole. Indirectly, he just admitted that his legitimate earnings could have in no way been the source of his present net worth.
ReplyDeleteHow was someone this dumb an attorney general?
Malami na real 'oji'.
ReplyDeleteStupid man. A Chinese politician was sentenced to life imprisonment for $20m this week. They should come and see Nigerians worship their thieves.
ReplyDeleteBoboyi ti mad for this type of watery defence
ReplyDeleteN213 billion 😮😮
ReplyDeleteWetin come remain for Naija treasury?
God dey..
ReplyDeleteCriminals everywhere. See money from gifts, private without name and book launch
ReplyDeleteMtchew
ReplyDeleteA Hogwash
ReplyDeleteAwon olee lasan lasan
ReplyDelete