NNPC chief Paulinus Okoronkwo forfeits $2.5 million Los Angeles mansion to U.S. govt
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
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
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.”
Agriculture
NCF, UNDP train 200 Yobe farmers on sustainable agroforestry
The NCF has concluded a two-day training for 200 farmers and youths from 10 communities in Maja-kura, Nguru LGA of Yobe, on sustainable agroforestry practices.
World
South Korea to continue cooperation with Japan under new PM
“We hope the two countries will continue efforts to develop future-oriented ties,” the statement said.
World
Iran, UN discuss Gaza, Yemen crises
Mr Guterres stressed the importance of continued diplomatic efforts to maintain peace and stability in the region.
Health
Pakistan vaccinates nearly 44 million children in nationwide polio campaign
Pakistan has vaccinated more than 43.9 million children under the age of five, the National Emergency Operations Centre said Monday.
Politics
FG pledges to transform Katsina into industrial hub through
The federal government has pledged to transform Katsina state into an industrial hub through innovation, technology, and resilience.
Politics
Kano govt to complete Tal’udu, Dan’Agundi overhead bridges by December
The Kano government has reaffirmed its commitment to completing major infrastructure projects aimed at boosting public welfare.






