EFCC secures court approval to seize luxury jewellery, 11 exotic cars, and cash traced to alleged illicit activities

A Federal Capital Territory High Court sitting in Apo, Abuja, has ordered the final forfeiture of assets valued at about N8.9bn linked to businesswoman Aisha Achimugu to the Federal Government.

The ruling, delivered on Thursday by Justice Jude Onwugbuzie, followed an application by the Economic and Financial Crimes Commission, which sought to permanently seize the assets on grounds that they were proceeds of unlawful activities.

The forfeited properties comprise high-value jewellery estimated at N4.65bn, 11 exotic vehicles worth N4.29bn, as well as $50,000 and N30m in cash.

In granting the EFCC’s request, the court held that the commission had sufficiently established that the assets were tied to illicit dealings, thereby warranting their final forfeiture to the Federal Government.

The judgment marks a significant win for the anti-graft agency in its ongoing crackdown on financial crimes and asset recovery.