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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FG WARNS AGAINST MONEY BOUQUET AHEAD OF VALENTINE'S DAY.(PHOTO)

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 FG warns against money bouquet ahead of Valentine's Day.


The Central Bank of Nigeria (CBN) has classified “money bouquets” as a form of naira abuse, adding it to offences such as spraying, squeezing, selling, and defacing banknotes.


Money bouquet is when money is folded to look like a flower petal and then arranged together to create a bouquet.


The CBN made this known in a flier shared on its Twitter handle that listed forms of abusing the naira.


The apex bank captioned the post, “It is your civic duty to protect the naira. Report naira abuse today.”


Under the CBN Act, anyone caught tampering with the naira faces a minimum of six months in prison or a fine of at least ₦50,000.


Nigerians have been urged to protect the naira and report violations as enforcement agencies step up actions against offenders nationwide.


The CBN also provided toll-free hot-lines through which the apex bank could be reached to report such activities. 


This comes just days before the celebration of Valentine's Day, which sees many display their love by gifting their loved ones money bouquets and other items.

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