The Federal Capital Territory (FCT) High Court in Apo, Abuja, has ordered the permanent forfeiture of luxury assets worth over ₦8.9 billion linked to businesswoman Aisha Achimugu to the Federal Government.
Justice Jude Onwugbuzie issued the ruling on Thursday after granting an application filed by the Economic and Financial Crimes Commission (EFCC), holding that the Commission had met the legal requirements for the final forfeiture of the assets.
The forfeited properties include jewellery valued at ₦4.65 billion, 11 exotic vehicles worth ₦4.29 billion, $50,000 in cash and an additional ₦30 million. The court ordered that all the assets be permanently handed over to the Federal Government.
The latest judgment adds to Achimugu’s mounting legal troubles. In March 2026, a Federal High Court in Abuja also ordered the final forfeiture of $13 million linked to her company, Oceangate Engineering Oil & Gas Ltd.
After ruling in March 2026 neither the company nor Achimugu could satisfactorily prove the legitimate source of the funds. The court dismissed claims that the money came from gifts and lawful business earnings.
The successive court rulings represent one of the largest asset recovery cases involving a Nigerian businesswoman in recent years and form part of the EFCC’s ongoing campaign to recover assets suspected to be proceeds of unlawful activities.
Analysts say the judgments reinforce the courts’ position that anyone challenging an EFCC forfeiture application must provide credible evidence showing that the assets were lawfully acquired.
The decisions are also expected to strengthen the anti-graft agency’s asset recovery drive, although Achimugu still retains the legal right to challenge the rulings through the appellate courts if she chooses.
