Sunday, November 8, 2026

NNPC chief Paulinus Okoronkwo forfeits $2.5 million Los Angeles mansion to U.S. govt

The court also ruled that the forfeiture would become final upon sentencing, forming part of Mr Okoronkwo’s punishment.

• October 21, 2025

Paulinus Iheanacho Okoronkwo, a senior official of the Nigerian National Petroleum Company (NNPC), has forfeited a $2.5 million mansion in Los Angeles, California, to the United States government following his conviction for money laundering.

A preliminary order of forfeiture signed on October 3, 2025, by Judge John Walter of the U.S. District Court for the Central District of California, directed that Mr Okoronkwo’s right, title, and interest in the luxury property located at 25340 Twin Oaks Place, Valencia, California, be seized and transferred to the U.S. government.

According to the court document obtained by Peoples Gazette, the property, described as Tract Number 45433, Lot 12, with Assessor’s Parcel Number 2826-143-004, was traced to the proceeds of illegal financial transactions that violated a U.S. statute prohibiting transactional money laundering.

The ruling followed Mr Okoronkwo’s conviction on three counts of money laundering as contained in a superseding indictment filed by U.S. prosecutors. The court determined that the government had successfully established the “requisite nexus” between the offences and the California property, making it subject to forfeiture.

Assistant U.S. Attorney Alexander Su, who presented the forfeiture motion, said the government had the authority to seize the asset immediately and begin proceedings to dispose of it in accordance with federal forfeiture laws.

The order further authorised the U.S. Attorney General to identify and liquidate the asset while giving notice to any third parties with potential legal interests.

The court also ruled that the forfeiture would become final upon sentencing, forming part of Mr Okoronkwo’s punishment. The judgment empowers the U.S. government to obtain “clear title” to the mansion after any third-party claims are resolved or if none are filed.

The case—United States of America v. Paulinus Iheanacho Okoronkwo (Case No. 2:24-CR-20(A)-JFW)—is part of an ongoing U.S. federal probe into international financial crimes linked to politically exposed persons from Nigeria and other countries.

Mr Okoronkwo’s forfeiture adds to a growing list of Nigerian officials and corporate executives whose properties in the United States have been seized after being traced to illicit funds moved through complex offshore transactions.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Baba Ijesha

Showbiz

I’m not paedophile; I was framed, Baba Ijesha insists

Baba Ijesha denied being a paedophile, adding that he only got to know the meaning of the word in prison.

NDLEA

NationWide

NDLEA intercepts N900 million worth of opioids in nationwide raids

The consignment, made up of eleven cartons packed in two wooden structures, arrived at the airport’s import shed on Tuesday.

Uba Sani

States

Uba Sani donates vehicles to JNI, CAN, religious sects in Kaduna

Mr Sani pointed out that some politicians who foresee defeat are planning to disrupt public peace before, during or after the coming elections.

States

Police repel cattle rustlers’ attack, recover 39 stolen cows in Kaduna

Mr Hassan said the Commissioner of Police, CP Muhammad Rabiu, commended the gallantry of the operatives and community partnership.

Tijani Fatai

Politics

Lagos CP urges political parties to notify police before campaigns

The commissioner warned that the command would not tolerate any act that could disrupt public peace.

States

Lagos government seals church for noise pollution

Mr Wahab said the state government will not tolerate environmental violations that disrupt residents’ peace and well-being.