By Muhammad Mamman
A Nigerian court has ordered the final forfeiture of $13 million linked to a company associated with businesswoman Aisha Achimugu, dismissing claims that the funds were received as gifts.
In its ruling, the court held that the explanation provided for the source of the money was insufficient and lacked credible supporting evidence. The judge rejected assertions that the $13 million constituted legitimate gifts, stating that no verifiable proof was presented to back the claim.
The court further noted that Achimugu failed to appear before it to show cause why the funds should not be permanently forfeited to the federal government, a key requirement in such proceedings.
As a result, the court granted the application for final forfeiture, transferring ownership of the funds to the government.
The ruling marks a significant development in ongoing efforts by authorities to clamp down on suspicious financial flows and enforce asset recovery measures in the country.
