A Federal Capital Territory High Court in Apo, Abuja, has ordered the final forfeiture of assets worth about N8.9 billion linked to businesswoman Aisha Achimugu to the Federal Government, marking a significant development in the Economic and Financial Crimes Commission’s (EFCC) asset recovery efforts.
Justice Jude Onwuegbuzie delivered the ruling on Thursday while determining an application filed by the EFCC seeking the permanent forfeiture of the assets. The forfeited assets comprise jewellery valued at N4.65 billion, 11 exotic vehicles worth N4.29 billion, $50,000, and N30 million in cash.
In his judgment, the judge held that Achimugu failed to dislodge the evidence presented by the EFCC and did not discharge the burden of proving that the assets were acquired from legitimate sources.
The final order followed an earlier interim forfeiture granted by the court. Following the publication of the interim order, Achimugu, through her legal team, filed affidavits to show cause
