Court Orders Forfeiture of $7m Linked to Aisha Achimugu in Money Laundering Case
The Federal High Court in Abuja has ordered the final forfeiture of $7 million linked to Aisha Achimugu and Oceangate Oil and Gas Limited. The funds were discovered in a vault at a Providus Bank branch in Ikoyi, Lagos.
The Economic and Financial Crimes Commission (EFCC) secured the ruling, alleging that the money was connected to Oceangate Engineering Oil and Gas Limited. Aisha Achimugu, the CEO of Oceangate, is currently facing a money laundering case.
The court's decision came after the bank failed to report suspicious transactions related to the funds, leading to suspicions of illicit activities.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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