The Federal Capital Territory (FCT) High Court in Apo, Abuja, has ordered the final forfeiture of multi-billion naira luxury assets and cash linked to businesswoman Aisha Achimugu to the Federal Government.
The permanently seized assets, which were confiscated during a raid on her home, include:
Jewelry valued at N4.64 billion (N4,645,170,294.90).
Eleven (11) luxury, high-end vehicles worth N4.29 billion (N4,293,000,000).
Hard cash totaling $50,000 and N30 million.
The Economic and Financial Crimes Commission (EFCC) launched a probe after discovering suspicious financial activities across more than 136 bank accounts linked to Ms. Achimugu. Investigators traced billions of naira and millions of dollars passing through her companies.
Tax Discrepancies: The massive cash movements in her corporate accounts were never declared as revenue in the financial statements she filed with the Federal Inland Revenue Service (FIRS).
Failure to Disclose: Despite completing an official asset declaration form during EFCC interrogation, Ms. Achimugu failed to declare the recovered jewelry, cash, and high-end vehicles.
