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Aisha Achimugu: Court Grants Final Forfeiture of N4.6b Jewelries, N4.3b Exotic Cars, $50, 000 , N30, 000,000 to Government
A Federal Capital Territory, FCT, High Court sitting in Apo, Abuja, has granted a final forfeiture order of properties linked to a business woman, Ms Aisha Achimugu to the federal government.
The properties include jewelries worth N4,645,170, 294.9 billion (Fourt Billion, Six Hundred and Forty-Five Million, One Hundred and Seventy Thousand, Two Hundred and Ninety-Four Naira, Nine Kobo) eleven exotic cars worth N4.293,000, 000 (Four Billion, Two Hundred and Ninety-Three Million Naira), $50, 000( Fifty Thousand United States Dollars) and N30, 000,000 (Thirty Million Naira) cash.
Justice Jude Onwugbuzie granted the order on Thursday, July 16 2026 in a judgment on the application for final forfeiture of the properties by the Economic and Financial Crimes Commission, EFCC.
The assets were found by the EFCC as proceeds of unlawful activities. Investigations by the Commission followed its receipt of financial intelligence showing huge inflows and outflows from over 136 ( One hundred and Thirty six) bank accounts linked to Aisha Achimogu which ran into billions of naira and millions of dollars. The investigation carried out showed that the huge funds that passed through the companies operated by her were not disclosed as revenue of the companies in their financial statements filed at the Federal Inland Revenue Services (FIRS).
In the course of investigation, the Commission executed searches at the residence of Achimugu where the assets forfeited were recovered. While being interrogated, she was given Assets Declaration Form which she filled but did not disclose the recovered assets as her properties. The finding by the EFCC showed that the huge funds received into accounts linked to her were not from her legitimate business activities and that the recovered assets were not from lawful sources
Following the outcome of the investigation, the EFCC through its legal team, led by Ekele Iheanacho SAN, filed an application for an interim order forfeiting the properties to the Federal Government of Nigeria in line with Section 17 of the Advance Fee Fraud and other related offences Act.
The matter came up before Justice Jude Onwuegbuzie and on April, 23, 2026, the court granted the application and directed the EFCC to publish the said order in national dailies for any person in possession or interested in the assets to show cause within 14 days why the final forfeiture order should not be granted
EFCC complied with the order of the court and published the order. EFCC further filed a motion for final forfeiture of the properties. Achimugu through her legal team filed affidavits to show cause why the assets should not be forfeited as well as a motion to set aside the interim order. This was further opposed by the EFCC through a counter affidavit. The court took arguments from parties represented by the counsel and adjourned to July 16, 2026 for judgment.
On Thursday, the court delivered judgment and granted a final order forfeiting the assets to the federal government of Nigeria. The court found that Achimugu did not dislodge the evidence led by the EFCC and also failed to discharge the burden of showing that the assets were from lawful origins.
EFCC Secures Final Forfeiture of University, Radio Station, 46 Other Properties Linked to Malami
The Economic and Financial Crimes Commission, EFCC, on Wednesday, July 15, 2026, secured the final forfeiture of 48 properties linked to a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, to the Federal Government of Nigeria.
Among the forfeited properties are Rayhaan University, Kebbi State, including the Rayhaan University Permanent Site, Rayhaan University Temporary Site, Rayhaan University Third Site, the Rayhaan University Vice Chancellor's House and Rayhaan Radio along Sani Abacha Bypass Road, Birnin Kebbi.
Delivering judgment, Justice Joyce Abdulmalik of the Federal High Court, Abuja, held that the Commission had successfully established that the properties were reasonably suspected to be proceeds of unlawful activities and were not acquired from lawful sources of income.
The properties finally forfeited to the Federal Government are: a luxury duplex at Amazon Street, Plot No. 3011 within Cadastral Zone A06, Maitama District, Abuja (File No. AN 11352); a two-winged large three-storey building situated at No. 3 Onitsha Crescent, Area 11, Garki, Cadastral Zone A03, Abuja (formerly Harmonia Hotels Limited); Plot 683, Jabi District, Cadastral Zone B04, comprising a five-storey building (now luxurious Meethaq Hotels Ltd., Jabi, with 53 rooms/suites); Property No. 3130 within Cadastral Zone A04, Asokoro District, FCT, Abuja, comprising terraces; Property No. 3 Rhine Street, Maitama, Abuja (Meethaq Hotels Ltd., Maitama, with 15 rooms); and Plot No. 1241B, Asokoro District (No. 11A Yakubu Gowon Crescent), Asokoro District.
Others are: Shop No. C52, Citiscape – Shariff Plaza, Plot 739, Cadastral Zone A07, Aminu Kano Crescent, Wuse II, FCT, Abuja; No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano; Plot 157, Lamido Nasarawa GRA, Kano; a commercial plaza comprising commercial toilets, laundering facilities, warehouse tanks adjacent to Birnin Kebbi Market; 100 hectares of land along Birnin Kebbi–Jega Road; and another 100 hectares of land along Birnin Kebbi–Jega Road.
Others are: a four-bedroom bungalow at Gesse Phase II, Birnin Kebbi; Shops Nos. A36 and B3, Vegas Mall, Wuse II, Abuja; No. 26 Babbi Drive, BUA Estate, Abuja; No. 27 EFAB Estate, 5th Avenue, 59th Crescent, Gwarimpa, Abuja; a four-bedroom house with two-room boys' quarters at No. 10B Doka Crescent, Abakpa GRA, Kaduna; Plot No. 13, IPENT 7 Estate, Karsana District, Abuja; a bedroom duplex with boys' quarters at No. 12 Yalinga Street, off Adetokunbo Ademola Crescent, Wuse II, Abuja; two warehouse shops B40 and B46, Wuse Market, Abuja; acquisition of twin houses at Zone E, Apo Legislative Quarters, Cadastral Zone B01, Plot 1401, Gudu District, Abuja; and properties acquired by Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage, namely: nine units of three-bedroom bungalows, three units of two-bedroom bungalows, and 5.4 hectares of land.
Also forfeited are the Rayhaan Agro Allied Factory in Kebbi State, including the factory buildings, factory machines and plant units, factory mosque, Rayhaan Mill staff quarters, and the Rayhaan Bustan Building.
Others are assets at Azbir Arena, Kebbi State, including Azbir Hotel, Printing Press, Gallery, Gardens, Mosque, Azbir Clothing, and Azbir Pharmacy and Supermarket.
Other forfeited properties include the Al-Afiya Energy tanker garage opposite Rayhaan University Health Centre along Sani Abacha Bypass Road, Birnin Kebbi; Rayhaan Security House off Sani Abacha Bypass, Birnin Kebbi; an uncompleted two-storey plaza located opposite Central Motor Park (Eastern Park), Birnin Kebbi; Amasdul Oil and Gas Ltd. filling station structure along Sani Abacha Bypass Road, Birnin Kebbi, near Jambali Automobile Workshop; the assets of Zeennoor Hotel at Kabuga Satellite Town, off Gwarzo Road, Kano, with 131 rooms; Zeennoor Mosque at Kabuga Satellite Town, off Gwarzo Road, Kano; and the old Zeennoor Hotel building.
It would be recalled that on January 6, 2026, Justice Emeka Nwite granted the interim forfeiture order following an ex parte motion moved by counsel to the Economic and Financial Crimes Commission, EFCC, Ekele Iheanacho, SAN.
Sequel to the granting of the interim forfeiture order, and in compliance with the order of the court, the EFCC published the interim order in national dailies, inviting interested persons to come forward and show cause why the final forfeiture order should not be granted in favour of the Federal Government of Nigeria.
The EFCC subsequently filed a motion for the final forfeiture of all the properties.
Meanwhile, following the publication of the interim order, Mr. Malami, SAN, and 14 other persons, mainly his family members and associates, filed applications to show cause and also urged the court to set aside the interim forfeiture order on the properties. They further challenged the jurisdiction of the court to grant the order and urged it not to grant the final forfeiture order.
The case was heard before Justice Joyce Abdulmalik on May 27, 2026, and the matter was thereafter adjourned for judgment.
Delivering judgment on Wednesday, the court held that the EFCC had sufficiently established that the 48 properties were reasonably suspected to have been acquired with proceeds of unlawful activities, and that the respondents failed to discharge the evidential burden placed on them, as they could not show the legitimate sources of the funds used in acquiring the properties.
The court further held that the respondents merely claimed ownership of the properties without providing proof of how they acquired them with funds from lawful sources.
According to the court, non conviction-based forfeiture proceedings require respondents to adduce evidence showing the lawful sources of the funds used in acquiring the properties, and not merely make bare assertions of ownership.
Full list of Malami properties listed by EFCC’s interim forfeiture order marked FHCIABJ/CS/20/2026:
1. Luxury duplex at Amazon Street, Plot No. 3011, Cadastral Zone A06, Maitama, Abuja (purchased in December 2022 for N500 million; enhanced value: N5.95 billion).
2. Two-winged storey building at No. 3, Onitsha Crescent, Area 11, Garki, Abuja (formerly Harmonia Hotels Limited), purchased in December 2018 for N7 billion.
3. Plot 683, Jabi District, Cadastral Zone B04, Abuja, comprising a five-storey building now operating as Meethaq Hotels Ltd with 53 rooms and suites (purchased in September 2020 at carcass level for N850 million, with an additional N300 million paid to take possession; current value: N8.4 billion).
4. Property No. 3130, Cadastral Zone A04, Asokoro District, Abuja, comprising terraces, purchased in January 2021 for N360 million.
5. Meethaq Hotels Limited, No. 3 Rhine Street, Maitama, Abuja, with 15 rooms (purchased in February 2018 for N430 million; current value after rehabilitation: N12.95 billion).
6. Plot No. 1241B, Asokoro District (No. 11A Yakubu Gowon Crescent), Abuja, purchased in July 2021 for N325 million.
7. Shop No. C82, Citiscape-Shariff Plaza, Plot 739, Aminu Kano Crescent, Wuse II, Abuja, purchased in March 2024 for N120 million.
8. No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, purchased in December 2022 for N300 million.
9. Plot 157, Lamido Crescent, Nasarawa GRA, Kano, purchased in July 2019.
10. Plaza, commercial toilets, laundry, warehouses and tanks adjacent to Birnin Kebbi Market, valued at N100 million.
11. One hundred hectares of land along Birnin Kebbi-Jega Road, purchased in 2020 for N100 million.
12. Four-bedroom bungalow at Gesse Phase, Birnin Kebbi, purchased in 2023 for N101 million.
13. Shops A36 and B3, Vegas Mall, Wuse II, Abuja, purchased in July 2023 for N158 million.
14. No. 26, Babbi Drive, BUA Estate, Abuja, purchased in 2022 for N136 million.
15. No. 27, Efab Estate Avenue, 5th Avenue, 59th Crescent, Gwarinpa, Abuja, purchased in January 2016 for N120 million.
16. Four-bedroom bungalow with two-room boys’ quarters at No. 10B, Doka Crescent, Abakpa GRA, Kaduna, purchased in January 2018 for N40 million.
17. Plot No. 13, Ipent 7 Estate, Karsana District, Abuja, purchased in June 2018 for N85 million.
18. Duplex with boys’ quarters at No. 12 Yalinga Street, off Adetokunbo Ademola Crescent, Wuse II, Abuja, purchased in October 2018 for N150 million.
19. Warehouse shops B40 and B46, Wuse Market, Abuja, purchased in July 2020 for N50 million.
20. Twin houses at Zone E, Apo Legislative Quarters, Plot 14014, Gudu District, Abuja, purchased between February and May 2017 for N250 million.
Properties acquired by Khadimiyya for Justice & Development Initiative, Academic Garden City, Birnin Kebbi
21. Nine units of three-bedroom bungalows.
22. Three units of two-bedroom bungalows.
23. 5.4 hectares of land (acquired between February and September 2023 for N187 million).
Rayhaan University, Kebbi State
24. Permanent site – N56 billion.
25. Temporary site – N37.8 billion.
26. Third site – N2.45 billion.
27. Vice-Chancellor’s residence – N490 million.
Rayhaan Agro Allied Factory, Kebbi State
28. Factory buildings – N4.2 billion.
29. Factory machines and plant – N10.5 billion.
30. Factory mosque – N2.45 billion.
31. Staff quarters – N1.4875 billion.
32. Bustan building – N3.15 billion.
Azbir Arena, Kebbi State
33. Azbir Hotel – N10.325 billion.
34. Printing press – N1.05 billion.
35. Gallery – N581 million.
36. Gardens – N392 million.
37. Mosque – N252 million.
38. Azbir Clothing – N350 million.
39. Azbir Pharmacy and Supermarket – N175 million.
Other properties in Kebbi State
40. Al-Afiya Energy tanker garage opposite Rayhaan University Health Centre, Birnin Kebbi – N2.45 billion.
41. Rayhaan Model Academy – N11.2 billion.
42. Rayhaan Primary and Secondary School – N8.75 billion.
43. Rayhaan Security House, Birnin Kebbi – N245.7 million.
44. Rayhaan Radio, Birnin Kebbi – N78.75 million.
45. Uncompleted two-storey plaza opposite Central Motor Park (Eastern Park), Birnin Kebbi – N665 million.
46. Amasdul Oil and Gas Ltd filling station structure along Sani Abacha Bypass, Birnin Kebbi – N1.05 billion.
47. Malami Support Organisation building – N210 million.
48. ADC Kadi Malami Foundation building – N56 million.
49. Abubakar Malami (SAN)’s house, GRA, Birnin Kebbi – N350 million.
50. Abubakar Malami (SAN)’s house behind Mobil, Birnin Kebbi – N490 million.
51. Abdulaziz Malami’s house at Gesse Phase II, Birnin Kebbi – N1.659 billion.
52. Abiru-Rahman Abubakar Malami’s house at Gesse Phase II, Birnin Kebbi – N2.989 billion.
Properties in Kano State
53. Zeennoor Hotel, Kabuga Satellite Town, Kano, with 131 rooms – N11.2 billion.
54. Zeennoor Mosque, Kabuga Satellite Town, Kano – N84 million.
55. Zeennoor Old Hotel Building – N280 million.
56. Rayhaan Hotel, opposite Aminu Kano Teaching Hospital, Kano, comprising more than 50 rooms – N2.24 billion.
57. Rayhaan Gym, opposite Rayhaan Hotel, Kano – N1.225 billion
@MajuEldad@NigeriaStories@abujastreets I have also said the same. They don't use the property seized well. I feel they auction it to other politicians like them to purchase it.
If Malami was still in APC would this happen to him? Many are probably walking freely who may be worse than Malami. Why is Bello still walking freely? 99.99% public office holders are all guilty of destroying the future of unborn generations in this country, while sending their wards to access the best schools and health care abroad. When they're done, they come back to oppress the poor moving mad with conveys on our roads and not even Trump's kids will dare such in America. Now most of them are using their influence to bring their children into politics and strategic positions so the evil can continue into another generation beyond them.
When Adams said openly on national TV that once you join APC, your sins will be forgiven he knew exactly what he was saying.
A country that rewards failure, evil, rot, abomination, corruption but punish hard work, competence and uprightness isn't what God designed for us.
Until our constitution is made by the people and for the people, and our institutions become truly independent and functional for the country and not to favour the president, law makers, governors and a selected few, we'll never have a country but a dead smelly and rotten mapped landscape.
Can you imagine how many approvals, contracts, payments and signatures happen before public money becomes 48 properties owned by one man?
Corruption cases like this should leave Nigerians asking:
Where did the system fail?
Budget implementation?
Procurement?
Internal audit?
Asset declaration?
Accountability shouldn't begin with asset recovery. It should begin long before public resources can be diverted in the first place.
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