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Court orders forfeiture of $13 Million linked to Aisha Achimugu’s oil and gas firm

Published

7 months ago

March 25, 2026

A Federal High Court has ordered the final forfeiture of $13 million linked to businesswoman Aisha Achimugu and her company, Oceangate Engineering Oil & Gas Ltd.

Presiding Judge Emeka Nwite ruled on Wednesday that the Economic and Financial Crimes Commission (EFCC) successfully proved that the funds were proceeds of fraud.

The EFCC had presented evidence linking the money to illicit activities, prompting the court to issue the forfeiture order.

Further details on the case and the mechanisms for recovering the funds are expected to be released in subsequent reports.

Related Topics:Aisha Achimugu

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Uchechi Eugene

Uchechi Eugene is a passionate writer and blogger with several years of experience, having reported for top Nigerian media houses. A proud graduate of Imo State University (IMSU), Uchechi combines a love for journalism and storytelling to create engaging content that informs and inspires readers.

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Court orders forfeiture of $13 Million linked to Aisha Achimugu’s oil and gas firm

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Court orders forfeiture of $13 Million linked to Aisha Achimugu’s oil and gas firm

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Court orders forfeiture of $13 Million linked to Aisha Achimugu’s oil and gas firm

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