The FCT High Court in Apo, Abuja, has ordered the final forfeiture of assets worth more than N8.9 billion linked to businesswoman Aisha Achimugu to the Federal Government.
Justice Jude Onwugbuzie made the ruling on Thursday after the EFCC applied to convert an earlier interim forfeiture into a permanent one. The seized items include jewellery valued at N4.645 billion, 11 exotic vehicles worth N4.293 billion, $50,000 in cash and another N30 million.
The court said the EFCC met the legal requirements for final forfeiture, clearing the way for permanent confiscation. The decision is the latest move in the agency’s probe of Achimugu on allegations of conspiracy, obtaining money by false pretence, money laundering, corruption and possession of properties suspected to be unlawfully obtained.
Achimugu was arrested at Nnamdi Azikiwe International Airport during the investigation. Earlier, on April 30, 2026, the Federal High Court in Abuja ordered the EFCC to release her within 24 hours after she complied with a court directive to report to the agency. Justice Inyang Ekwo had told her to present herself for questioning and ordered the Commission to produce her before the court with a compliance report. She had earlier been declared wanted by the EFCC.
In a related development, the Commission also won a final forfeiture order for $13 million traced to Oceangate Engineering Oil & Gas Ltd, a company linked to Achimugu; investigators say some of that money was connected to Lagos State contractors.
Public attention peaked in January 2024 when Lagos governor Babajide Sanwo-Olu attended Achimugu’s week-long 50th birthday in the Caribbean, sparking relationship rumours. Achimugu denied that her wealth is linked to the governor. In an interview on Channels Television, she said she built her fortune through her oil and gas business, which she started in 2001, long before her political ties.
