Court orders permanent forfeiture of Achimugu assets N9.9bn

A Federal High Court in Abuja has ordered the permanent forfeiture of billions of naira in assets linked to businesswoman Aisha Achimugu to the Nigerian government. The ruling, delivered by Justice Jude Onwugbuzie on Thursday, July 16, 2026, covers jewellery valued at N4.645 billion, 11 exotic vehicles worth N4.293 billion, and cash holdings of 50,000 and N30 million.

The order followed an application by the Economic and Financial Crimes Commission (EFCC), which argued the assets were proceeds of unlawful activity. The court's judgment permanently vests ownership of the assets in the federal government, concluding the forfeiture proceedings. This case represents a significant recovery in the anti-graft agency's ongoing asset seizure efforts.

In a separate but related high-profile forfeiture, the EFCC secured a final order on Wednesday, July 15, 2026, for 48 properties linked to former Attorney-General of the Federation Abubakar Malami. Justice Joyce Abdulmalik of the Federal High Court in Abuja ruled that the commission had established the properties were reasonably suspected to be proceeds of unlawful activities and that the respondents failed to prove they were acquired with...