The Federal High Court in Abuja has affirmed the final forfeiture of $13 million linked to Lagos businesswoman, Aisha Achimugu, to the Federal Government.

Justice Emeka Nwite ruled that the money, linked to Oceangate Engineering Oil & Gas Ltd, was proven by the Economic and Financial Crimes Commission (EFCC) to be proceeds of unlawful activities.

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The court held that the company failed to provide credible evidence showing how the money was legitimately earned. The judge also dismissed claims that the $13 million was a gift, noting that no individual came forward to testify or prove they gave the money.

According to the EFCC, the funds were linked to suspicious cash transactions and payments related to oil block signature bonuses for PPL 302 and PPL 3007. Investigations also alleged that the money was moved through Bureau de Change operators and associates before being used for oil block payments.

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The court ruled that Oceangate failed to prove genuine ownership of the funds or show legitimate business activities that generated the money, and therefore ordered the final forfeiture of the $13 million to the Federal Government.

The forfeiture follows an earlier interim forfeiture order granted by the court in August 2025 after EFCC investigations linked the funds to suspected unlawful activities.