NAB hands over seized properties worth Rs348m to federal estate office

KARACHI:

The National Accountability Bureau (NAB) has handed over four confiscated properties worth Rs348 million to the Directorate General of Estate, Ministry of Housing and Works, officials said on Monday.

According to a NAB spokesperson, the properties were seized from convicted accused Abdul Aziz, a former member of the National Assembly, and his wife in a case involving corruption and assets beyond known sources of income.

Following an inquiry and investigation, NAB had filed a reference against the accused and others in an accountability court in Karachi. The court announced its verdict on June 28, 2002, sentencing both individuals to seven years' rigorous imprisonment and imposing a fine of Rs1 million each. The court had also ordered the confiscation of four properties owned by the convicts.

The convicted individuals later challenged the verdict in the Sindh High Court and subsequently in the Supreme Court, but their appeals were dismissed.

Subsequently, NAB Karachi took possession of the confiscated properties, which include a residential house in DHA Phase V Extension and three plots located in KDA Scheme A-1 Extension and Hawke's Bay Scheme 42 under the Lyari Development Authority.

A formal ceremony was held at NAB Karachi on July 6, 2026, where DG NAB Karachi Shakeel Ahmed Durrani handed over possession of the properties to DG Estate Obaiduddin.

Speaking on the occasion, Durrani reiterated NAB's commitment to recovering looted assets and returning them to affected departments and individuals. He added that under the leadership of NAB Chairman Lieutenant General (retd) Nazir Ahmed, the bureau remains actively engaged in combating corruption with professionalism and dedication.

He said such measures reflect NAB's resolve to ensure accountability of corrupt elements and recovery of public funds for the benefit of the state and citizens.