Nigerian Court Orders Final Forfeiture of $9 Billion in Assets Linked to Businesswoman

A Nigerian court has ordered the final forfeiture of assets valued at approximately $9 billion that are linked to businesswoman Aisha Achimugu. The order, issued by Justice Jude Onwugbuzie of the Federal Capital Territory High Court in Apo, Abuja, followed a motion filed by the Economic and Financial Crimes Commission (EFCC).

The substantial assets to be permanently surrendered to the federal government include jewelry worth $4.645 billion and 11 exotic cars valued at $4.293 billion. Additionally, $50,000 in cash and N30 million (approximately $30,000) were included in the forfeiture order.

The combined value of the jewelry and luxury vehicles alone is nearly $9 billion. This makes it one of the most significant asset forfeiture cases involving a single individual in Nigeria in recent years, highlighting the scale of the assets involved.