An Abuja (FCT) High Court orders the final forfeiture of assets linked to businesswoman Aisha Achimugu to the Federal Government, following an application by the Economic and Financial Crimes Commission (EFCC). Multiple outlets report that the forfeited items include jewellery valued at about N4.6 billion and 11 exotic cars valued at about N4.3 billion. The court also orders forfeiture of cash amounts, including $50,000 and N30 million. Sources differ slightly on the total naira value they describe: one report puts the forfeiture at about N8.9 billion, while others cite totals around N8.9–N9.0 billion, reflecting varying ways of aggregating the asset values. Vanguard and Daily Post specifically attribute the decision to Justice Jude Onwugbuzie, while other reports describe the ruling as granting EFCC’s request for final forfeiture. The decisions are presented as the culmination of related legal actions involving allegations that funds linked to Achimugu were proceeds of wrongdoing. The reports focus on the court’s order and the listed assets, rather than detailing the underlying allegations in the ruling itself.
Court orders final forfeiture of Aisha Achimugu’s assets to the Federal Government
An Abuja (FCT) High Court orders the final forfeiture of assets linked to businesswoman Aisha Achimugu to the Federal Government, following an application by the Economic and Financial Crimes Commissi...
- The court orders the final forfeiture of assets linked to businesswoman Aisha Achimugu to the Federal Government.
- The assets include jewellery valued at about N4.6 billion.
- The assets include 11 exotic cars valued at about N4.3 billion.
- The forfeiture also covers cash of $50,000 and N30 million.
- The ruling follows an EFCC application; Justice Jude Onwugbuzie is reported as the presiding judge.
A Federal High Court in Abuja has ordered the final forfeiture of N8.9bn worth of assets, including luxury cars and jewellery, linked to businesswoman Aish Read More: https://punchng.com/breaking-court-forfeits-achimugus-n8-9bn-assets-to-fg/
2 hours agoA high court grants the EFCC's application for the final forfeiture of Aisha Achimugu's assets, including jewellery worth N4.6 billion and 11 exotic cars valued.
2 hours agoA Federal Capital Territory, FCT, High Court sitting in Apo has ordered the final forfeiture of N4.6 billion jewellery and 11 exotic cars worth N4.3 billion, as well as $50,000 and N30 million cash, linked to businesswoman Mrs Aisha Achimugu, to the Federal Government. The court presided by Justice Jude Onwugbuzie granted the final forfeiture […] Aisha Achimugu loses N4.6bn jewellery to FG as court orders final forfeiture
2 hours agoThe properties include jewelry worth N4.6 billion (N4,645,170, 294.9 billion, 11 exotic cars worth N4.23 billion (N4.293,000,000), $50,000 and N30 million. The post BREAKING: Court orders final forfeiture of N4.6bn jewelry, N4.3bn exotic cars, cash recovered from Aisha Achimugu appeared first on Premium Times Nigeria.
3 hours agoA Federal Capital Territory (FCT) high court in Apo has granted final forfeiture of properties linked to Aisha Achimugu, a businesswoman and founder of Oceangate Engineering Oil & Gas Ltd. Jude Onwugbuzie, presiding judge, granted final forfeiture of the properties to the federal government on Thursday following an application by the Economic and Financial Crimes Commission (EFCC). The properties include jewellery worth N4,645,170,294.9 billion, eleven exotic cars worth N4.293 billion, $50,000 and N30 million in cash. BACKGROUND In January 2024, Achimugu made the headlines when she set the Caribbean Island of Grenada alight with a seven-day 50th birthday party attended by some of the crème de la crème of the Nigerian entertainment industry and prominent figures. Over a year after, the EFCC declared Achimugu wanted over money laundering allegations. On April 29, 2025, EFCC arrested the businesswoman at Nnamdi Azikiwe International Airport, Abuja. In March 2026, a federal high court in Abuja granted an order of final forfeiture of the sum of $13 million allegedly linked to Achimugu, and Oceangate Engineering Oil & Gas Ltd. Emeka Nwite, presiding judge, had held that the EFCC was able to prove that the funds were proceeds of fraud. After the judgment, the firm said it has commenced the process of filing an appeal against the final forfeiture order. Amid the controversy of the funds allegedly linked to Achimugu’s firm, there were reports alleging that the businesswoman was being sponsored by some politicians.
3 hours agoAn Abuja High Court sitting in Apo has ordered the final forfeiture of assets valued at billions of naira linked to businesswoman, Ms Aisha Achimugu, to the Federal Government. The forfeited assets include jewellery worth N4.645 billion, 11 exotic vehicles valued at N4.293 billion, $50,000 cash, and N30 million cash. Justice Jude Onwugbuzie granted the […] The post Just in: Court orders forfeiture of N4.6bn jewellery, exotic cars linked to Achimugu appeared first on Vanguard News.
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