Justice Jude Onwugbuzie of the FCT Abuja High Court has ordered the final forfeiture of assets linked to businesswoman Aisha Achimugu to the Federal Government.
The forfeited assets include jewellery valued at about ₦4.65 billion, 11 exotic vehicles worth approximately ₦4.29 billion, as well as $50,000 and ₦30 million in cash after granting an application filed by the Economic and Financial Crimes Commission (EFCC).
According to the EFCC, its investigation began after receiving financial intelligence that revealed billions of naira and millions of dollars moving through more than 136 bank accounts linked to Achimugu. The commission alleged that funds passing through companies associated with her were not declared as revenue in financial statements submitted to the Federal Inland Revenue Service (FIRS).
According to the EFCC, the assets were recovered during searches conducted at Achimugu’s residence. The agency also alleged that she failed to declare the recovered assets during questioning and maintained that its investigation found no legitimate source for the funds used to acquire them.
Based on its findings, the EFCC obtained an interim forfeiture order before the court eventually granted a final order transferring the assets to the Federal Government.
