More
    HomeNewsCourt Grants Final Forfeiture of N3bn and Properties linked to NNPC Official

    Court Grants Final Forfeiture of N3bn and Properties linked to NNPC Official

    Published on

    Justice J.O Abdulmalik of the Federal High Court sitting in Abuja on Tuesday, March 31, 2026 has granted the final forfeiture of N3,444,000.,000 ( Three Billion, Four hundred and Forty Four Million Naira) and three properties linked to Salihu Nuhu Jamari while serving as the Managing Director of,  Nigerian National Petroleum Corporation,   NNPC’s  Gas and Power Investment Company Limited.

    The properties include ; an uncompleted six bedroom semi-detached duplex,  with boys’ quarters at Plot 3168, Asokoro District, Abuja, a two bedroom flat, block 2, apartment AI, block, EFG, Orsborne II, Ikoyi, Lagos and a restaurant located at plot 102 cadastral zone C09, Lokogoma District,  Abuja.

    The judge gave the order, following a motion on notice filed by the Economic and Financial Crimes Commission, EFCC on March 17, 2026 through its counsel, Ekele Iheanacho, SAN.

    The court had on February 25, 2026, granted an interim forfeiture order, directing that the publication of the same be made in a national newspaper for any interested party to show cause why the said exhibits should not be finally forfeited to the Federal Government.

    The said money ( Three Billion, Four hundred and Forty Four Million Naira) forms part of a case of conspiracy, kickbacks, bribery and money laundering, involving the staff and contractors of the Nigerian National Petroleum Corporation (NNPC) wherein the name of one Salihu Nuhu Jamari featured prominently through a petition dated  April 28,  2025.

    Upon receipt of the petition, several investigative activities were carried out where it was discovered that Jamari,  while serving as  Managing Director of NGPIC used his influence through his private companies namely: Cumulus Energy Limited and Pius and Phillips Petroleum Limited wherein he is a director and  signatory to the accounts,   received kickbacks from three contractors that were awarded three major projects from NNPCL.

    Justice Abdulmalik,  after considering the application, held that it had merit and ordered the final forfeiture of the assets to the Federal Government of Nigeria.

    Latest articles

    ABU VC Meets NELFUND Boss to Boost Student Loan Access

    The Vice Chancellor of Ahmadu Bello University, Prof. Adamu Ahmed, on Tuesday, March 31,...

    Court To Rule On Suit Seeking To Bar Kingibe From ADC

    The Federal High Court in Abuja will today deliver ruling in a legal battle...

    Abdul Samad Rabiu, Tony Elumelu Align on Capital, Scale, Industrial Expansion as BUA Foods Posts N1.77 Trillion Revenue, N28 Dividend

    Nigeria’s industrial and financial heavyweights moved to deepen a partnership that has quietly underpinned...

    Lagos State, Benue State Top List as Nigeria Records 20,838 New HIV Cases in Q1 2026

    Nigeria reported a total of 20,838 new HIV infections between January and March 2026,...

    More like this

    ABU VC Meets NELFUND Boss to Boost Student Loan Access

    The Vice Chancellor of Ahmadu Bello University, Prof. Adamu Ahmed, on Tuesday, March 31,...

    Court To Rule On Suit Seeking To Bar Kingibe From ADC

    The Federal High Court in Abuja will today deliver ruling in a legal battle...

    Abdul Samad Rabiu, Tony Elumelu Align on Capital, Scale, Industrial Expansion as BUA Foods Posts N1.77 Trillion Revenue, N28 Dividend

    Nigeria’s industrial and financial heavyweights moved to deepen a partnership that has quietly underpinned...