A Federal Capital Territory High Court sitting in Apo, Abuja, has ordered the permanent forfeiture of assets valued at approximately N8.9 billion linked to businesswoman Aisha Achimugu in favour of the Federal Government.
The assets include jewellery worth N4.65 billion, 11 luxury vehicles valued at N4.29 billion, as well as $50,000 and N30 million in cash.
Justice Jude Onwugbuzie issued the order on Thursday while ruling on an application by the Economic and Financial Crimes Commission (EFCC), which sought the final forfeiture of the properties.
The EFCC had urged the court to permanently forfeit the properties to the Federal Government, arguing that they were linked to unlawful activities.
The court granted the commission’s application and ordered that the jewellery, vehicles, and cash be finally forfeited to the Federal Government.
Details later…
