The Federal High Court (FHC) in Abuja, on Wednesday, made an order for final forfeiture of the sum of $13 million to the Federal Government linked to industrialist, Aisha Achimugu, and her company, Oceangate Engineering Oil & Gas Ltd. Justice Emeka Nwite, in a ruling, ordered that the funds traced, found and recovered by the Economic and Financial Crimes Commission (EFCC) from Nigeria Upstream Petroleum Regulatory Commission Commission (NUPRC)’s account domiciled with the Central Bank of Nigeria (CBN) be forfeited, having been reasonably suspected to be proceed of unlawful activities.Economics…
Read MoreCOURT ORDERS FINAL FORFEITURE OF $13M LINKED TO AISHA ACHIMUGU IN CBN’S ACCOUNT
