EFCC secures final forfeiture of jewelleries, luxury vehicles, and cash linked to controversial socialite
A Federal Capital Territory High Court has handed down a crushing blow to businesswoman Aisha Achimugu, ordering the final forfeiture of properties worth a staggering N8.94 billion to the federal government.
Justice Jude Onwugbuzie granted the EFCC’s application on Thursday, seizing jewellery valued at N4.6 billion, eleven exotic cars worth N4.29 billion, plus $50,000 and N30 million in cash.
The ruling marks the latest twist in the high-profile saga of the Oceangate Engineering Oil & Gas Ltd founder, who made global headlines in January 2024 with a lavish seven-day 50th birthday bash on the Caribbean Island of Grenada—attended by Nigeria’s entertainment elite and prominent figures.
Just over a year later, the EFCC declared Achimugu wanted over money laundering allegations. She was arrested at Abuja’s Nnamdi Azikiwe International Airport on April 29, 2025.
This forfeiture follows a March 2026 federal high court order that seized $13 million allegedly linked to Achimugu and her firm a judgment her company has vowed to appeal.
With fresh allegations swirling that politicians may have been bankrolling the embattled socialite, Thursday’s ruling raises even more questions about the network behind the businesswoman’s rise and fall.
