TD A Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, has ordered the final forfeiture of billions of naira worth of assets linked to businesswoman Aisha Achimugu to the Federal Government.
The order was granted on Thursday by Justice Jude Onwugbuzie following an application by the Economic and Financial Crimes Commission (EFCC).
According to the anti-graft agency, the forfeited assets include jewellery valued at N4,645,170,294.90, eleven exotic vehicles worth N4.293 billion, $50,000 in cash, and an additional N30 million.
The judgment effectively transfers ownership of the assets to the Federal Government after the court granted the EFCC’s application for final forfeiture.
Assets Linked to Ongoing Financial Crimes Investigation
The forfeiture marks the latest development in the EFCC’s investigation involving Achimugu, the Chief Executive Officer of Oceangate Engineering Oil & Gas Limited.
The businesswoman has been the subject of multiple investigations into alleged financial crimes and transactions suspected to involve proceeds of unlawful activities.
Earlier in March 2026, a Federal High Court ordered the forfeiture of approximately $13 million linked to Achimugu and her company after investigators alleged that the funds were proceeds connected to questionable oil block transactions.
The latest ruling further strengthens the government’s efforts to recover assets suspected to have been acquired through illicit means.
Court Upholds EFCC’s Application
Justice Onwugbuzie granted the final forfeiture after considering the EFCC’s application.
The judge, thereby, confirmed an earlier interim order, vesting ownership of the identified assets in the Federal Government.
The commission has consistently maintained that civil forfeiture proceedings are an important legal tool for recovering assets believed to be proceeds of crime.
Such is the case where criminal proceedings may still be ongoing or have not been concluded.
Public Reactions
The announcement of the court’s decision generated widespread reactions on social media.
Many Nigerians welcomed the recovery of high-value assets while questioning the broader accountability process.
Several users expressed concern that high-profile asset forfeitures often do not result in criminal convictions or prison sentences for those involved.
Others called on the Federal Government to provide greater transparency regarding the management and utilisation of recovered assets.
They argued that proceeds from forfeitures should be visibly channelled into projects that benefit the public.
Some commentators also urged anti-corruption agencies to publish periodic reports detailing the disposal and application of recovered funds and properties.
These, they reasoned, strengthen public confidence in Nigeria’s anti-corruption campaign.
Anti-Corruption Drive Continues
The latest forfeiture represents another significant asset recovery by the EFCC as it intensifies efforts to trace and recover wealth allegedly derived from unlawful activities.
While the final forfeiture order transfers the jewellery, luxury vehicles and cash to the Federal Government, the broader investigations involving Achimugu remain under public scrutiny.
The EFCC has continued to emphasise that the recovery of illicit assets is a critical component of its mandate to combat economic and financial crimes.
It will ensure that proceeds of alleged corruption are returned for the benefit of the Nigerian people.
