BREAKING: Court forfeits Achimugu’s N8.9bn assets to FG

July 16, 2026 1:40 pm

A Federal Capital Territory High Court in Apo, Abuja, on Thursday ordered the final forfeiture of assets worth about N8.9bn linked to businesswoman Aisha Achimugu to the Federal Government.

The forfeited assets include jewellery valued at N4.65bn, 11 exotic vehicles worth N4.29bn, $50,000, and N30m in cash.

Justice Jude Onwugbuzie made the order while delivering judgment on an application filed by the Economic and Financial Crimes Commission seeking the final forfeiture of the assets.

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The EFCC had urged the court to permanently forfeit the properties to the Federal Government, arguing that they were linked to unlawful activities.

The court granted the commission’s application and ordered that the jewellery, vehicles, and cash be finally forfeited to the Federal Government.

Details later…

Nathaniel Shaibu

Nathaniel Shaibu is a correspondent at The PUNCH with three years of professional journalism experience. He covers the Federal Capital Territory (FCT), civil society, religion, and the Ministries of Women Affairs and Youth Development. In addition to his primary beats, Nathaniel also reports on politics, metro, security, and judicial matters, bringing clarity and balance to a wide range of public-interest stories. His work reflects hands-on newsroom experience, strong beat knowledge, and a commitment to accurate, responsible journalism.

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