Court orders final forfeiture of N8.9bn worth of jewellery, cars linked to Achimugu

By Imisioluwa Afunmiso

A Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, has ordered the final forfeiture of N8.9bn worth of assets linked to businesswoman, Aisha Achimugu, to the Federal Government.

The order was made on Thursday by Justice Jude Onwugbuzie following an application by the Economic and Financial Crimes Commission (EFCC).

The forfeited assets include jewellery valued at N4.645 billion, 11 exotic vehicles worth N4.293 billion, $50,000 in cash and N30 million.

According to the EFCC, the forfeiture followed proceedings before the court in respect of the assets believed to be linked to alleged unlawful activities.

Justice Onwugbuzie granted the commission’s application and directed that the listed assets be permanently forfeited to the Federal Government.

The judgment effectively transfers ownership of the jewellery, luxury vehicles and cash to the Federal Government in line with the court’s order.

Further details of the proceedings and the basis for the forfeiture are expected to be made available by the anti-graft agency