A Federal High Court in Abuja has granted a final forfeiture order for three properties and N3.4 billion in cash linked to allegations of fraud at the Nigerian National Petroleum Company Limited (NNPCL). This follows an earlier interim forfeiture order granted to the Economic and Financial Crimes Commission (EFCC) for ₦30.7 million suspected to be proceeds of unlawful activities linked to NNPCL officials.

The EFCC had investigated allegations of fraudulent activities involving high-profile NNPCL officials, including Mr. Adamu Yakubu, a Bureau De Change operator, and Mr. Ibrahim Sani, a staff member of the Federal Inland Revenue Service (FIRS). The funds were allegedly moved through Yakubu’s accounts, with Sani admitting to using him as an intermediary.

The court ordered the EFCC to publish the interim order of forfeiture in a national daily, giving interested parties 14 days to show cause why the funds should not be permanently forfeited. The EFCC has complied with the order, and no one has come forward to claim the properties.