A Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, has ordered the final forfeiture of assets linked to businesswoman Aisha Achimugu to the Federal Government after ruling that they were proceeds of unlawful activities.

Justice Jude Onwuegbuzie delivered the judgment on Thursday, granting an application by the Economic and Financial Crimes Commission (EFCC) for the permanent forfeiture of the assets.

The forfeited properties comprise jewellery valued at N4,645,170,294.90, 11 exotic vehicles worth N4.293 billion, $50,000 in cash and N30 million.

According to the EFCC, investigations commenced after it received financial intelligence revealing massive inflows and outflows involving more than 136 bank accounts linked to Achimugu, with transactions running into billions of naira and millions of dreveale

The anti-graft agency said its investigation revealed that huge sums passing through companies operated by Achimugu were not declared as revenue in the financial statements submitted to the Federal Inland Revenue Service (FIRS).

The commission further disclosed that searches conducted at Achimugu's residence led to the recovery of the jewellery, luxury vehicles and cash.

It added that although she completed an Assets Declaration Form during interrogation, she failed to declare the recovered assets as her properties.

The EFCC maintained that its findings showed the funds traced to the accounts linked to Achimugu did not originate from her legitimate business activities and that the recovered assets could not be linked to lawful sources.

Following the investigation, the commission, through its legal team led by Senior Advocate of Nigeria (SAN), Ekele Iheanacho, filed an application for an interim forfeiture order pursuant to Section 17 of the Advance Fee Fraud and Other Related Offences Act.

On April 23, 2026, Justice Onwuegbuzie granted the interim forfeiture order and directed the EFCC to publish the order in national newspapers, inviting any interested party to show cause within 14 days why the assets should not be permanently forfeited to the Federal Government.

The EFCC subsequently complied with the directive and filed a motion seeking a final forfeiture order.

In response, Achimugu, through her legal team, filed affidavits challenging the application and also sought to set aside the interim forfeiture order.

The EFCC opposed the applications with a counter-affidavit.

After hearing arguments from both parties, the court reserved judgment until July 16, 2026.

Delivering judgment on Thursday, Justice Onwuegbuzie held that Achimugu failed to rebut the evidence presented by the EFCC or establish that the assets were acquired through legitimate means.

The court consequently granted the EFCC's application and ordered the final forfeiture of the jewellery, luxury vehicles and cash to the Federal Government of Nigeria.