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.
Publisher,
Lagos Post Online,
Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice.
Email: lagospostng@gmail.com
