EFCC Secures Major Asset Forfeitures in Corruption Cases

The Economic and Financial Crimes Commission (EFCC) has made notable asset recoveries, marking what appears to be Nigeria's largest asset seizures in recent years. The recoveries, made through court orders, include $154.6 million (N212.8 billion) linked to former Attorney-General and Justice Minister Abubakar Malami, assets valued at N8.9 billion linked to businesswoman Aisha Achimugu, and assets including seven landed properties and $42,045,000 linked to former Central Bank of Nigeria Governor Godwin Emefiele.

Justice Joyce Abdulmalik of the Federal High Court in Abuja ordered the permanent forfeiture of 47 assets linked to Malami on July 16, 2026, after determining they were acquired through unlawful activities. The court granted final forfeiture of 48 properties but declined to seize nine others due to insufficient evidence.

Additionally, Justice Jude Onwuegbuzie ordered the final forfeiture of Achimugu's assets worth about N8.9 billion, which included jewellery, exotic vehicles, and cash.