N3.44BN ASOKORO DUPLEX, IKOYI FLAT SEIZED: EX-NNPC GAS COMPANY MD’s ASSETS FORFEITED OVER KICKBACKS
GREATRIBUNETVNEWS–A Federal High Court in Abuja has ordered the final forfeiture of N3.44 billion and three properties linked to Salihu Nuhu Jamari, former Managing Director of NNPC Gas and Power Investment Company Limited (NGPIC).
Key Issues:
– _”The N3.44bn forms part of proceeds linked to an alleged scheme involving conspiracy, kickbacks, bribery and money laundering within the corporation.”_ – EFCC
– Forfeited Properties :
– Uncompleted six-bedroom semi-detached duplex with boys’ quarters at Plot 3168, Asokoro District, Abuja
– Two-bedroom flat at Osborne II, Ikoyi, Lagos
– Restaurant located at Plot 102, Cadastral Zone C09, Lokogoma District, Abuja
– _”Jamari used his influence through private firms, including Cumulus Energy Limited and Pius and Phillips Petroleum Limited, to receive kickbacks from contractors awarded major projects.”_ – EFCC
– Allegations : Conspiracy, kickbacks, bribery, and money laundering during Jamari’s tenure as NGPIC MD
– _”The court granted the EFCC’s application, ordering the final forfeiture of the assets to the Federal Government of Nigeria.”_ – Justice J.O. Abdulmalik
The court had earlier granted an interim forfeiture order on February 25, 2026, and directed the EFCC to publish the order in a national newspaper, inviting any interested party to show cause why the assets should not be permanently forfeited to the Federal Government. No such challenge was presented.
According to the EFCC, the N3.44 billion formed part of the proceeds of alleged conspiracy, kickbacks, bribery, and money laundering involving NNPC staff and contractors.
Jamari’s name reportedly featured prominently in a petition received on April 28, 2025.
Justice Abdulmalik, after reviewing the EFCC’s motion, ruled that the application had merit and approved the final forfeiture of the assets to the Federal Government
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