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Thursday, July 16, 2026

Court orders forfeiture of N4.6b jewellery, exotic cars linked to Achimugu

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An 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.

A statement from the Economic and Financial Crimes Commission (EFCC) said Justice Jude Onwugbuzie granted the order on Thursday, in a judgement on the application for final forfeiture.

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Ms Achimugu has been a subject of money laundering investigations into her acquisition of an oil block.

The court’s decision followed the anti-graft agency’s application for the assets to be permanently forfeited to the government.

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