A Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, on Thursday ordered the final forfeiture of luxury assets worth over N9 billion linked to businesswoman Aisha Achimugu to the Federal Government, in a major victory for the Economic and Financial Crimes Commission (EFCC) in its ongoing anti-corruption campaign.
Justice Jude Onwugbuzie granted the order following an application by the EFCC, directing the permanent forfeiture of jewellery valued at N4,645,170,294.90, 11 exotic vehicles worth N4.293 billion, $50,000 in cash and an additional N30 million recovered during investigations.
The ruling marks the latest development in the high-profile case involving Achimugu, who is under investigation by the EFCC over allegations of money laundering, unexplained wealth and the acquisition of luxury assets suspected to be proceeds of unlawful activities.
Declared wanted by the anti-graft agency after allegedly failing to honour repeated invitations for questioning over suspicious financial transactions involving billions of naira, Achimugu was later arrested upon her return to Nigeria and questioned as investigations into her financial dealings continued.
Before Thursday’s judgment, investigators had obtained an interim forfeiture order on the assets and invited interested members of the public to appear before the court and show cause why the assets should not be permanently forfeited to the Federal Government.
With no successful challenge to the application, the court granted the final forfeiture.
Delivering judgment on Thursday, July 16, 2026, Justice Onwugbuzie held that the EFCC had satisfied the legal requirements for the permanent forfeiture of the assets to the Federal Government.
The forfeited assets comprise jewellery worth N4.645 billion, 11 luxury vehicles valued at N4.293 billion, $50,000 in cash and N30 million, according to the EFCC.
The ruling represents another significant milestone in the EFCC’s sustained efforts to trace, recover and permanently confiscate assets believed to have been acquired through illicit means, reinforcing the agency’s commitment to depriving suspects of the proceeds of alleged financial crimes.
The ruling marks the latest development in the high-profile case involving Achimugu, who is under investigation by the EFCC over allegations of money laundering, unexplained wealth and the acquisition of luxury assets suspected to be proceeds of unlawful activities.
Declared wanted by the anti-graft agency after allegedly failing to honour repeated invitations for questioning over suspicious financial transactions involving billions of naira, Achimugu was later arrested upon her return to Nigeria and questioned as investigations into her financial dealings continued.
Before Thursday’s judgment, investigators had obtained an interim forfeiture order on the assets and invited interested members of the public to appear before the court and show cause why the assets should not be permanently forfeited to the Federal Government.
With no successful challenge to the application, the court granted the final forfeiture.
Delivering judgment on Thursday, July 16, 2026, Justice Onwugbuzie held that the EFCC had satisfied the legal requirements for the permanent forfeiture of the assets to the Federal Government.
The forfeited assets comprise jewellery worth N4.645 billion, 11 luxury vehicles valued at N4.293 billion, $50,000 in cash and N30 million, according to the EFCC.
The ruling represents another significant milestone in the EFCC’s sustained efforts to trace, recover and permanently confiscate assets believed to have been acquired through illicit means, reinforcing the agency’s commitment to depriving suspects of the proceeds of alleged financial crimes.
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