A Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, has ordered the final forfeiture of assets worth about N8.9 billion linked to businesswoman Aisha Achimugu to the Federal Government.
Justice Jude Onwuegbuzie granted the order after ruling on an application filed by the Economic and Financial Crimes Commission (EFCC), which argued that the assets were proceeds of unlawful activities.
The assets ordered forfeited include:
Jewellery valued at approximately N4.65 billion
11 exotic vehicles worth about N4.29 billion
$50,000 in cash
N30 million in cash
The combined value of the assets is estimated at nearly N8.9 billion.
The court held that Achimugu failed to sufficiently prove that the assets were acquired through legitimate means, thereby granting the EFCC’s request for permanent forfeiture.
According to the anti-graft agency, its investigation uncovered massive financial transactions involving more than 136 bank accounts linked to Achimugu. The EFCC alleged that several funds passing through companies associated with her were not declared as revenue to the Federal Inland Revenue Service (FIRS). Searches conducted at her residence reportedly led to the recovery of the jewellery, luxury vehicles and cash.
The judgment follows an interim forfeiture order granted in April 2026, after which the court directed that the order be published for any interested party to challenge. Achimugu opposed the application through her lawyers, but the court ultimately ruled in favour of the EFCC, permanently transferring ownership of the assets to the Federal Government.
