A Federal High Court has upheld the final forfeiture of $13 million linked to Lagos socialite Aisha Achimugu, following an application by the Economic and Financial Crimes Commission (EFCC).
In its ruling, the court granted the anti-graft agency’s request for permanent forfeiture of the funds, which authorities said were reasonably suspected to be proceeds of unlawful activities. The decision followed earlier interim forfeiture orders and subsequent legal proceedings.
The EFCC argued that the money could not be legitimately traced to lawful earnings, urging the court to transfer the funds to the Federal Government. The court agreed, ordering that the amount be finally forfeited.
The ruling underscores ongoing efforts by authorities to clamp down on illicit financial flows and recover assets believed to be linked to corruption and financial crimes.
