JUSTICE Jude Onwuegbuzie of the High Court of the Federal Capital Territory (FCT), sitting at Apo, Abuja, on Thursday ordered the final forfeiture of assets, mainly jewellery and exotic cars as well as cash, belonging to businesswoman, Aisha Achimugu.
The court had previously ordered an interim forfeiture of the assets listed on the forfeiture application filed by the Economic and Financial Crimes Commission (EFCC) and directed the anti-corruption commission to publish the order in a national daily for interested person’s to show cause why the assets should not be forfeited to the Federal Government.
Delivering judgment in the EFCC’s application on Thursday, Justice Onwuegbuzie ordered final forfeiture of jewellery valued at N4,645,170,294.09, 11 exotic vehicles worth N4,293,000,000 as well as $50,000 and N30 million in cash to the Federal Government.
The court held that the assets be permanently forfeited to the Nigerian government.
Thursday’s final forfeiture of Achimugu’s assets marked the second time this year when courts of competent jurisdiction had made orders to that effect.
Justice Emeka Nwite of the Abuja Division of the Federal High Court had, on Wednesday, March 25, ordered the final forfeiture of the sum of $13million traced to Achimugu’s firm, Oveangate Engineering Oil and Gas Ltd, to the Federal Government.
The order followed an application filed by the EFCC, seeking the permanent forfeiture of the funds, coming on the heels on an August 22, 2025 interim forfeiture order of the court.
Following a flamboyant 50th birthday celebrated by Achimugu in January 2024 on the Caribbean island of Grenada, the EFCC opened investigations into the Kogi State-born businesswoman and subsequently declared her wanted on March 28, 2025, over an alleged involvement in money laundering and Ponzi scheme.
Achimugu was eventually arrested by EFCC operatives on April 28, 2025, at the Nnamdi Azikiwe International Airport in Abuja upon her arrival from London.
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