An FCT High Court in Apo, Abuja, has ordered the permanent 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 by the Economic and Financial Crimes Commission (EFCC), which sought a final forfeiture order after previously obtaining an interim order over the assets.
The court held that the EFCC had met the legal conditions required for the assets to be permanently forfeited.
The forfeited properties include jewellery valued at N4.645 billion, 11 luxury vehicles worth N4.293 billion, $50,000 in cash, and an additional N30 million.
The decision comes amid the EFCC’s ongoing investigation into Achimugu over allegations of conspiracy, obtaining money under false pretences, money laundering, corruption, and possession of assets suspected to have been unlawfully acquired.
Earlier this year, on April 30, 2026, a Federal High Court in Abuja ordered the EFCC to release Achimugu within 24 hours after she complied with a court directive to honour the commission’s invitation for questioning. Justice Inyang Ekwo had also instructed the anti-graft agency to report back to the court on the outcome of its investigation.
Achimugu was arrested at the Nnamdi Azikiwe International Airport in Abuja as part of the probe.
The businesswoman also came under public scrutiny following speculation about her relationship with Lagos State Governor Babajide Sanwo-Olu after he attended her week-long 50th birthday celebration in the Caribbean in January 2024.
The EFCC had previously secured a court order for the final forfeiture of $13 million linked to Achimugu’s company, Oceangate Engineering Oil & Gas Ltd., with investigators alleging that part of the funds originated from contracts involving the Lagos State Government.
Achimugu has consistently denied any wrongdoing or claims that her wealth is connected to Governor Sanwo-Olu. In an earlier television interview, she maintained that she built her career in the oil and gas sector from 2001, long before her political associations.
