COURT GRANTS FINAL FORFEITURE OF $13M LINKED TO ACHIMUGU’S FIRM TO GOVERNMENT. (PHOTO). #PRESS RELEASE.

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 EFCC PRESS RELEASE Court Grants Final Forfeiture of $13m Linked to Achimugu’s Firm to Government Justice Emeka Nwite of the Federal High Court in Abuja, on Wednesday, March 25, 2026 granted an order of final forfeiture of the sum of $13 million linked to a business woman, Ms Aisha Achimugu and her Oceangate Engineering Oil & Gas Ltd, to the federal government. The Economic and Financial Crimes Commission, EFCC, dragged Oceangate Engineering Oil & Gas Ltd before the court regarding the ownership of $13m suspected to be proceeds of fraud and unlawful activities.  Delivering judgment in a suit instituted by Oceangate Engineering Oil & Gas Ltd to claim the funds, Justice Nwite held that the company failed woefully to establish how it came about the money. He, however, stressed that the EFCC succeeded in convincing the court that the funds are proceeds of fraud and should be forfeited to the government.   The judge dismissed the claims that the $13 million wa...
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EFCC ARRESTS THREE FOR SUSPECTED NAIRA MUTILATION IN MAIDUGURI . (PHOTO). #PRESS RELEASE.

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 EFCC Arrests Three for Suspected Naira Mutilation in Maiduguri 


 


The Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,  have arrested three individuals over alleged Naira mutilation.


 


The suspects are: Adam Muhammad, Muhammad Muhammad and Bashir Musa.


 


Adam, Muhammad and Musa were arrested following a viral video circulated on social media platforms where they were seen cleaning mucus from their nose using N500 Naira note.


 


Following the release of the video, the Commission traced the trio and arrested them in the Maiduguri metropolis area.


 


The suspects are currently under investigation at the Maiduguri detention facility while investigation is ongoing.


 


The suspects will be charged to court upon conclusion of investigations.

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