The Federal Capital Territory (FCT) High Court has ordered the final forfeiture of assets linked to businesswoman Aisha Achimugu, including jewellery valued at ₦4.6 billion and 11 exotic vehicles worth ₦4.3 billion, to the Federal Government.

Justice Jude Onwugbuzie granted the final forfeiture application filed by the Economic and Financial Crimes Commission (EFCC), dismissing objections raised by Achimugu against the application.

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The forfeited assets include jewellery valued at ₦4.6 billion, 11 luxury vehicles worth ₦4.3 billion, $50,000 in cash and ₦30 million.

The ruling marks another legal setback for Achimugu in her ongoing dispute with the anti-graft agency over assets the EFCC alleges are proceeds of unlawful activities.

Achimugu Previously Lost $13 Million in Separate Forfeiture Case

The latest judgment comes months after the Federal High Court ordered the final forfeiture of $13 million linked to Achimugu and her company, Oceangate Engineering Oil & Gas Limited, in a ruling delivered on March 25.

In that case, the EFCC argued that the company used funds suspected to be proceeds of unlawful activities to acquire oil blocks from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Achimugu’s legal team maintained that the funds represented legitimate business earnings and gifts received by their client.

However, the EFCC rejected the explanation, arguing that Achimugu failed to personally appear before the court to substantiate the source of the money.

The commission further alleged that part of the funds originated from payments made by a state government to contractors handling public projects before being transferred to Oceangate despite the absence of any contractual relationship between the company and the government.

With the latest ruling, ownership of the forfeited jewellery, luxury vehicles and cash has now been transferred to the Federal Government.