Former Attorney-General of the Federation (AGF), Abubakar Malami has told a court that he earned ₦374m from salaries, ₦10.17bn from private businesses, N958m as gifts from personal friends, as he seeks to vacate an Interim Order which directed the seizure of 57 properties linked to him.
Malami revealed this through his lawyer, Joseph Daudu, (SAN), who made the declaration in a Motion on Notice filed on Malami’s behalf at the Federal High Court in Abuja, seeking the court to vacate an interim order made against three of the 57 properties seized by EFCC for forfeiture to the Federal Government.
The lawyer submitted that Malami had copiously declared his source of income in his asset declaration filed with the CCB to include the following: ₦374 million income from salaries, estacodes, severance allowance and others; ₦574, 073, 000 as income generated through disposed assets; ₦10, 017, 382, 684 turnover from businesses.
Others are: ₦2, 522, 000, 000 being loans to businesses; ₦958,000,000 as traditional gifts from personal friends, and ₦509, 880, 000 realised as income from the launch and public presentation of a book titled: “Contemporary Issues on ‘Nigerian Law and Practice, Thorny Terrains in Traversing the Nigerian Justice Sector: My Travails and Triumphs’ by Malami.
