By John Azu

A High Court of the Federal Capital Territory (FCT) has ordered the final forfeiture of assets worth more than ₦8.9 billion linked to businesswoman and socialite, Aisha Achimugu.

Justice Jude Onwugbuzie, in a ruling delivered on Thursday, ordered that jewellery valued at ₦4.65 billion, 11 exotic vehicles worth ₦4.29 billion, $50,000 and ₦30 million in cash be permanently forfeited to the Federal Government.

The order followed an application by the Economic and Financial Crimes Commission (EFCC), which sought the final forfeiture of the assets on the grounds that they were linked to alleged unlawful activities.

The latest ruling comes months after the Federal High Court in Abuja ordered the final forfeiture of $13 million associated with Achimugu.

In the judgment delivered on March 25, 2026, Justice Emeka Nwite dismissed a suit filed by Oceangate Engineering Oil and Gas Limited seeking to reclaim the funds.

The court held that the company failed to provide credible evidence to establish the legitimate source of the money and ruled that the funds constituted proceeds of unlawful activities.

Achimugu is also facing a separate criminal trial on charges of alleged money laundering. The case includes allegations relating to her purported connection with Lagos State Governor Babajide Sanwo-Olu. The allegations remain the subject of ongoing court proceedings, and no finding of guilt has been made against her.