Court Orders Final Forfeiture of Aisha Achimugu’s ₦4.6bn Jewellery, ₦4.3bn Luxury Cars to FG

A Federal Capital Territory (FCT) High Court in Apo, Abuja, has ordered the final forfeiture of billions of naira worth of assets linked to businesswoman Aisha Achimugu to the Federal Government.

The ruling, delivered on Thursday by Justice Jude Onwugbuzie, followed an application filed by the Economic and Financial Crimes Commission (EFCC), which sought permanent forfeiture of the assets as part of its ongoing investigation.

Among the assets forfeited are jewellery valued at over ₦4.6 billion and 11 exotic vehicles worth about ₦4.3 billion.

The court also ordered the forfeiture of $50,000 in cash and ₦30 million to the Federal Government.

According to the EFCC, the final forfeiture order covers:

• Jewellery valued at ₦4,645,170,294.90.
• Eleven exotic vehicles worth ₦4,293,000,000.
• $50,000 in cash.
• ₦30 million in cash.

Justice Onwugbuzie granted the application after considering the anti-graft agency’s request for the assets to be permanently forfeited to the Federal Government.

The latest ruling marks another major development in the EFCC’s case involving the businesswoman, with the commission maintaining that the assets are linked to its ongoing investigations.

Further details on the court’s decision and the circumstances surrounding the forfeiture are expected to emerge.