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Aisha Achimugu Forfeits N4.6bn Jewellery, $50,000, N30m to FG

by Present Nigeria
July 16, 2026
in News
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Aisha Achimugu Forfeits N4.6bn Jewellery, $50,000, N30m to FG
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A FCT High Court in Apo, Abuja, has ordered the final forfeiture of billions of naira worth of assets linked to businesswoman Aisha Achimugu to the Federal Government.

Justice Jude Onwugbuzie granted the order following an application by the Economic and Financial Crimes Commission, EFCC, directing the permanent forfeiture of the assets.

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The forfeited assets include jewellery valued at N4.645 billion, 11 exotic vehicles worth N4.293 billion, $50,000 and N30 million in cash.

The EFCC had asked the court for final forfeiture of the assets, saying they were linked to Achimugu.

The court’s judgment vests ownership of the assets in the Federal Government, bringing the forfeiture proceedings to a close

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

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