A Federal Capital Territory High Court sitting in Apo, Abuja, has ordered the final forfeiture of assets valued at about N8.9 billion belonging to businesswoman Aisha Achimugu to the Federal Government
The order was issued on Thursday by Justice Jude Onwugbuzie following an application by the Economic and Financial Crimes Commission seeking permanent forfeiture of the assets.
The forfeited properties include jewellery valued at approximately N4.65 billion, 11 luxury vehicles worth about N4.29 billion, $50,000 in cash, and an additional N30 million.
The EFCC had argued that the assets were proceeds of unlawful activities and urged the court to grant a final forfeiture order in favour of the Federal Government.
After considering the application, the court granted the request and directed that all the listed assets be permanently forfeited to the Federal Government.
More to come…
