NNPC probe: Court orders final forfeiture of private jet linked to alleged traud

The Economic and Financial Crimes Commission, EFCC, has secured a last forfeiture bid connected a backstage pitchy allegedly linked to the ongoing probe of the Nigerian National Petroleum Company Limited, NNPCL.

Justice Deinde Dipeolu of the Federal High Court successful Lagos granted the last forfeiture bid on Monday, May 19, 2026, pursuing an exertion filed by the anti-graft agency.

The aircraft, identified arsenic a Bombardier Challenger 605 jet, was reportedly seized arsenic portion of investigations into alleged fraud, wealth laundering and maltreatment of bureau connected to apical officials and contractors linked to the authorities lipid company.

Counsel to the EFCC told the tribunal that investigations revealed that the pitchy was acquired with proceeds suspected to beryllium linked to unlawful activities and hidden done proxy companies and associates.

Granting the application, Justice Dipeolu held that the respondents failed to supply capable grounds to beryllium the craft was legitimately acquired.

“The spot is hereby yet forfeited to the Federal Government of Nigeria,” the justice ruled.

The EFCC said the forfeiture marks a large breakthrough successful its ongoing probe into alleged fiscal misconduct surrounding transactions wrong the NNPCL.

Read Entire Article