The Economic and Financial Crimes Commission (EFCC) has secured an interim forfeiture order from the Federal High Court for 57 high-value properties estimated at N213.2 billion, marking one of the biggest asset recovery actions in recent years.
The forfeited assets include luxury homes, hotels, universities, factories, schools, plazas, filling stations and vast landed properties spread across Abuja (FCT), Kebbi State and Kano State.
Among the properties seized in Abuja are multiple luxury duplexes and hotels located in Maitama, Asokoro, Wuse II, Garki, Jabi, Gwarimpa and Apo Legislative Quarters. Notable assets include:
A luxury duplex in Maitama, originally bought for N500 million and now valued at N5.95 billion after enhancement.
Former Harmonia Hotels in Garki purchased for N7 billion.
Meethaq Hotels in Jabi and Maitama with a combined valuation running into over N21 billion.
Several high-end residential buildings, plazas, shops and warehouses across prime districts of the FCT.
A significant number of the seized assets are located in Kebbi State, including educational, industrial and commercial investments. These include:
Rayhaan University with three sites and associated facilities valued at over N96 billion.
Rayhaan Agro-Allied Factory, including machines, staff quarters and mosque, worth over N23 billion.
Azbir Arena, comprising a luxury hotel, printing press, gardens, mosque, gallery, pharmacy and supermarket, valued at over N13 billion.
Multiple schools, radio station, filling stations, plazas, residential buildings and large hectares of land across Birnin Kebbi.
Also forfeited are several private residences allegedly linked to family members, including luxury homes in Gesse Phase II and Kebbi GRA, valued at billions of naira.
Hotel Assets in Kano
In Kano State, the forfeited properties include:
Zeennoor Hotel at Kabuga Satellite Town with 131 rooms, valued at N11.2 billion.
Rayhaan Hotel, Kano, a luxury hotel with over 50 rooms, valued at N2.24 billion.
A mosque, gym facility and other hotel-related assets.
The interim forfeiture order was granted pending the conclusion of investigations and possible prosecution. The court also directed that the forfeiture be published, allowing interested parties to show cause why the assets should not be permanently forfeited to the Federal Government.
The EFCC stated that the properties are suspected to be proceeds of unlawful activities, emphasizing that asset recovery remains a critical part of the commission’s anti-corruption mandate.
