According to the judge, the defendant is still presumed innocent until proven guilty.
Justice Emeka Nwite had ordered the temporary forfeiture of 57 properties suspected to be proceeds of unlawful activities linked to Mr Malami.
The ex-BSIEC boss was alleged to have misappropriated and diverted funds meant for the 2020 and 2022 local government polls.
EFCC has filed a N4.3 billion case of forex fraud against Muyiwa Akinyemi, Amangbo Stephen, Gesos Global Service Ltd and Fedat Global Ltd.
Mr Asemakaha stated, “The EFCC is currently on the matter to close that account.”
Justice Abubakar Umar, in a unanimous decision of a five-member panel of justices, held that the EFCC’s appeal was meritorious and sustained.
Mr Olukoyede rebuffed Mr Malami’s assertion that he was being “persecuted”.
This move follows the withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
The EFCC stressed that political affiliation offers no protection against investigation or prosecution.
The Abuja Division of the Federal High Court, on Friday, fixed January 7 for a ruling on the bail applications filed by Abubakar Malami.
