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🇳🇬 Nigeria /Crime & Justice

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

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Sources not specified Outcome reported
  • A Federal Capital Territory High Court in Abuja ordered the forfeiture of assets worth approximately N8.9 billion linked to businesswoman Aisha Achimugu.
  • The forfeited assets include jewelry, vehicles, and cash, which the Economic and Financial Crimes Commission argued were linked to unlawful activities.
  • The court granted the EFCC's application for the final forfeiture of these properties to the Federal Government.

A Federal Capital Territory High Court in Apo, Abuja, has ordered the final forfeiture of assets valued at around N8.9 billion belonging to businesswoman Aisha Achimugu to the Federal Government. The ruling was delivered on Thursday by Justice Jude Onwugbuzie.

The substantial assets include jewelry worth N4.65 billion, 11 luxury vehicles totaling N4.29 billion, $50,000 in foreign currency, and N30 million in cash. These items were presented as evidence by the Economic and Financial Crimes Commission (EFCC).

The EFCC had filed an application seeking the permanent forfeiture of the properties, contending that they were connected to unlawful activities. The court accepted the commission's arguments, issuing the order for the jewelry, vehicles, and cash to be permanently surrendered to the Federal Government.

Further details regarding the case are expected.

DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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