JUST IN: Court orders forfeiture of N4.6bn jewellery, N4.2bn cars linked to Aisha Achimugu

A Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, has ordered the final forfeiture of assets linked to businesswoman, Ms Aisha Achimugu, to the federal government.

The assets include jewellery valued at N4,645,170,294.9 (Four Billion, Six Hundred and Forty-Five Million, One Hundred and Seventy Thousand, Two Hundred and Ninety-Four Naira, Nine Kobo), eleven exotic cars worth N4,293,000,000 (Four Billion, Two Hundred and Ninety-Three Million Naira), $50,000 (Fifty Thousand United States Dollars), and N30,000,000 (Thirty Million Naira) in cash.

Justice Jude Onwugbuzie granted the order on Thursday, July 16, 2026, while delivering judgment on an application filed by the Economic and Financial Crimes Commission (EFCC) seeking the final forfeiture of the properties.

The court’s decision followed the anti-graft agency’s application for the assets to be permanently forfeited to the government.

The forfeited items comprise high-value personal effects and cash holdings linked to Achimugu, a businesswoman whose assets had earlier been the subject of legal proceedings.

Details of the judgment were contained in the court’s ruling delivered by Justice Onwugbuzie.