Paulinus Iheanacho Okoronkwo, a senior official of the Nigerian National Petroleum Company (NNPC), has forfeited a $2.5 million luxury mansion in Los Angeles, California Oil, after being convicted of money laundering. The conviction is part of an ongoing U.S. federal probe into international financial crimes involving politically exposed persons from Nigeria and other countries.
The preliminary order of forfeiture, signed by Judge John Walter of the U.S. District Court for the Central District of California, directed Okoronkwo to surrender the property located at 25340 Twin Oaks Place, Valencia, California. The court determined that the government had established a “requisite nexus” between the offenses and the California property, making it subject to forfeiture.
