Achimugu forfeits N4.6b jewellery, exotic cars to FG

A Federal Capital Territory (FCT) High Court in Apo, Abuja, has ordered the final forfeiture of luxury assets, including N4.6 billion jewellery and exotic cars, linked to prominent Nigerian businesswoman, Aisha Achimugu, to the Federal Government.

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

Justice Jude Onwugbuzie granted the order on Thursday when he delivered judgment on an application filed by the Economic and Financial Crimes Commission (EFCC) seeking the final forfeiture of the properties.

The court’s decision followed the anti-graft agency’s application for the assets to be permanently forfeited to the government.

The forfeited items comprise high-value personal effects and cash holdings linked to Achimugu, a businesswoman whose assets had earlier been the subject of legal proceedings.

Details of the judgment were contained in the court’s ruling delivered by Justice Onwugbuzie.