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