A Federal Capital Territory (FCT) High Court sitting in Apo has ordered the final forfeiture of assets worth about N8.94 billion linked to businesswoman and founder of Oceangate Engineering Oil & Gas Ltd., Aisha Achimugu.
The ruling was delivered on Thursday by Justice Jude Onwugbuzie following an application filed by the Economic and Financial Crimes Commission (EFCC).
The assets forfeited to the Federal Government include jewellery valued at approximately N4.65 billion, 11 luxury vehicles worth about N4.29 billion, as well as $50,000 and N30 million in cash.
The EFCC had urged the court to permanently seize the assets, arguing that they were linked to its ongoing investigations.
The court granted the application, ordering the final forfeiture of all the listed properties to the Federal Government.
