Federal High Court Grants Final Forfeiture Of $13m Tied To Bizwoman Aisha Achimugu

The Federal High Court in Abuja on Wednesday, March 25, 2026, ordered the final forfeiture of $13 million traced to businesswoman Aisha Achimugu and her company, Oceangate Engineering Oil & Gas Ltd, to Nigeria government.

The ruling comes after an application by the Economic and Financial Crimes Commission (EFCC), which had earlier secured an interim forfeiture order while investigating the funds. 

After the defendants failed to show cause or provide a satisfactory explanation for the source of the money, the court granted the EFCC’s request for permanent forfeiture, transferring full ownership of the $13 million to Nigerian government.