An FCT High Court in Apo has ordered the final forfeiture of properties linked to Aisha Achimugu, a businesswoman and founder of Oceangate Engineering Oil & Gas Ltd.
The presiding judge, Justice Jude Onwugbuzie, granted the definitive forfeiture to the Federal Government on Thursday following an application by the Economic and Financial Crimes Commission (EFCC).
The confiscated assets include jewelry worth N4.64 billion, eleven exotic cars valued at N4.29 billion, $50,000, and N30 million in cash.
Background of the case
In January 2024, Achimugu made news when she lit up the Caribbean island of Grenada with a seven-day 50th birthday party attended by some of Nigeria’s most prominent figures and entertainment industry stars.
Over a year later, the EFCC proclaimed Achimugu sought on money laundering charges. On April 29, 2025, the EFCC detained the businesswoman at Abuja’s Nnamdi Azikiwe International Airport.
In March 2026, a Federal High Court in Abuja ordered the final forfeiture of $13 million allegedly linked to Achimugu and Oceangate Engineering Oil & Gas Limited.
The presiding judge, Justice Emeka Nwite, ruled that the EFCC had successfully proven the funds were the proceeds of unlawful activity.
Following the judgement, the firm said that it has begun the process of submitting an appeal against the final forfeiture ruling.
During the dispute over the monies reportedly tied to Achimugu’s enterprise, claims surfaced that the businesswoman was being supported by some politicians.
Read Also: EFCC Declares Aisha Achimugu Wanted for Money Laundering
Backstory…
The forfeiture order is the latest development in the corruption and money laundering case involving prominent businesswoman and socialite Aisha Sulaiman Achimugu.
The Economic and Financial Crimes Commission (EFCC) has been investigating Achimugu over allegations of conspiracy, obtaining money by false pretence, money laundering and the unlawful acquisition of assets allegedly linked to proceeds of crime.
