The Economic and Financial Crimes Commission (EFCC) has approached the Federal High Court in Abuja, seeking the final forfeiture of $13 million allegedly linked to Oceangate Engineering Oil and Gas Ltd, a company associated with businesswoman Aisha Achimugu.
The anti-graft agency made the request through an application filed before the court, arguing that the funds are suspected proceeds of unlawful activities. According to the EFCC, investigations traced the money to accounts connected to the oil and gas firm, prompting the commission to seek a permanent forfeiture to the Federal Government.
At the court sitting, the EFCC urged the court to uphold its earlier interim forfeiture order and grant final forfeiture of the funds, stating that no sufficient legal justification had been provided to counter its claims.
However, counsel representing the interested parties opposed the application, asking the court to dismiss the EFCC’s request and discharge the interim forfeiture order, insisting that the funds were legitimately earned.
After listening to arguments from both sides, the presiding judge of the Federal High Court, Abuja, adjourned the matter to March 25, 2026, for judgment.
The ruling is expected to determine whether the $13 million will be permanently forfeited to the Federal Government or released to the company linked to the businesswoman.
