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Court sets March 25 to rule on EFCC suit seeking for forfeiture of $13m linked to Aisha Achimugu
The Federal High Court in Abuja, fixed March 25 for ruling on an application filed by Economic and Financial Crimes Commission (EFCC) for final forfeiture order on $13 million linked to Aisha Achimugu’s Oceangate Engineering Oil & Gas Ltd.
The judge, Emeka Nwite, fixed the date on Tuesday after EFCC’s lawyer, Rotimi Oyedepo, a Senior Advocate of Nigeria and newly appointed Director of Public Prosecutions of the Federation, counsel for the company, Darlington Ozurumba, adopted their processes and presented their arguments for and against the case on Monday.
The judge, Mr Nwite had, on 22 August 2025, granted the anti-graft agency’s motion ex-parte for an interim order forfeiting the sum of $13 million linked to Oceangate Ltd to the federal government over allegations that the fund was a proceed of unlawful activity.
The judge then directed the commission to publish the order in a national daily for interested person(s) to show cause within 14 days why the fund should not be permanently forfeited to the federal government.
The EFCC investigator, Usman Aliyu, swore to an affidavit filed in support of EFCC’s application, stated that the commission received a credible intelligence report alleging that a company known as Oceangate Engineering Limited, without following due process, used funds reasonably suspected to be proceeds of unlawful activity to acquire oil blocks from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Mr Aliyu said their investigation revealed that Oceangate, a limited liability company, was registered with the Corporate Affairs Commission (CAC) on 25 February 2005 with number: RC 617736.
He said in 2024, Oceangate participated in an oil block licensing bid for deep offshore PPL302 and shallow water- PPL 3007.
He said upon completion of technical and commercial bid, NUPRC notified the company of its winning bidder status and the condition precedent to be fulfilled before issuance of a licence to the company.
Mr Aliyu said it was discovered that the total financial obligations of Oceangate Ltd to the government before the issuance of the Petroleum Prospecting License (PPL) to the company was $37.2 million ($37, 223,144).
He said the company, through its Zenith Bank account number: 5074678281, at different installments, transferred millions of dollars to the federal government, in tranches: $1.1 million, $1.1 million, $3.8 million, $1.2 million, $3.05 million, $2.1 million, and $500, 000.
The investigator said that on 27 and 28 March 2025, Providus Bank Limited, acting for and on behalf of Oceangate Engineering Oil and Gas Limited, transferred the total sum of $7 million to the federal government.
He said his team recovered the evidence of these transactions through Providus Bank Limited from the Central Bank of Nigeria (CBN) through a letter dated June 24,02025.
He said the company between 20 March 2025 and 3 April 2025, paid the total sum of $20 million to the federal government for the acquisition of the PPL 302 and PPL 3007.
The officer alleged that to fulfil the requirements for payments of the signature bonuses for PPL 302 and PPL 3007, Oceangate conspired with some unlicensed Bureau de Change (BDC) operators and bank officials to retain and transfer funds totalling $13 million which funds are reasonably suspected to be proceeds of unlawful activity.
How firm raised millions of dollars outside banking system and Lagos govt connection – Investigator
The affidavit stated, “That one Suleiman Muhammed Chiroma was procured and aided by Oceangate Engineering Oil and Gas Limited to collect through his associates in cash and without going through a financial institution, both in Abuja and Lagos the total sum of $13,000,000.00.
“That whilst acting in concert with Oceangate Limited, Muhammed Chiroma engaged one Dantani Abubakar Hassan of Ashrab Energy and Oil Services Limited and one Tirmizi Muhammed Usman of Tripple A & Tee Oil Nigeria Limited, to collect the said $9 million in cash and without going through a financial Institution for the sole purpose of using same to pay for the signature bonuses of the two oil blocks allocated to Oceangate Oil and Gas Limited.”
He alleged that the company equally procured Chiroma, Tirmizi Usman and Dantani Hassan to receive funds reasonably suspected to be proceeds of unlawful activities from different contractors with the Lagos State Government.
He said to receive and retain funds reasonably suspected to be proceeds of unlawful activity from different contractors with Lagos State, Dantani Abubakar used his company, Ashrab Energy and Oil Services Limited, with account number 1229255048 domiciled in Zenith Bank Plc.
“That whilst still working in concert with Oceangate Engineering Oil and Gas Limited and Suleiman Chiroma, Dantani Abubakar used his company, Ashrab Energy and Oil Services Limited with account Number 1907084038 domiciled in Access Bank Plc to receive and retain the total sum of N855, 057, 560.00 from different contractors executing contracts for and on behalf of the Lagos State Government which sum reasonably suspected to be proceeds of unlawful activity,” the investigator added.
He said the combine sum of N2, 455, 651, 560.00 received in both Zenith and Access Bank accounts of Ashrab Energy were converted to US dollars and subsequently transferred same to Oceangate’s Zenith Bank account for onward payment for the signature bonus of the two oil blocks – PPL 302 and PPL 3007 allocated to the company, among other averment.
Mr Aliyu insisted that the $13 million used by Oceangate to pay for the Signature Bonuses in respect of PPL302 and PPL3007 were not proceeds of any lawful and legitimate business of Oceangate but rather represent funds reasonably suspected to be proceeds of unlawful activity.
According to him, part of the funds used by Oceangate Engineering Oil and Gas Limited to pay for the Signature bonuses in respect of PPL 302 & PPL 3007 was derived from the huge sum of money transferred by the Lagos State Government to the contractors for the execution of contracts for the benefit of the state.
The investigator alleged that there were never any contractual or business relationships between Oceangate and the contractors who transferred the aforementioned public funds to the account of the company (Oceangate Engineering).
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FG, NIMET, IFAD, SAPZ launch CSAPR to strengthen climate resistance, improve agric productivity
Photo caption: NiMet DG Anosike speaking at the event.
The Nigrrian government has officially launched the Climate-Smart Agribusiness Partnership for Resilience (CSAPR) Project to strengthen climate resilience, improve agricultural productivity, and promote the use of Climate Information Services (CIS) across Nigeria’s agricultural value chains.
The project was launched by the government, in collaboration with Nigerian Meteorogical Agency (NiMet), International Fund for Agricultural Development (IFAD) and the Special Agro-Industrial Processing Zones (SAPZ) Programme.

Speaking at the launch held on Friday, 24 July 2026, in Abuja, the Permanent Secretary of the Federal Ministry of Agriculture and Food Security, Dr. Marcus Olaniyi Ogunbiyi, described the project as a major milestone in Nigeria’s drive towards a more productive, inclusive, and climate-resilient agricultural sector. He said the initiative would integrate Climate Information Services into agribusiness solutions through collaboration among government institutions, development partners, financial institutions, the private sector, and farmer organizations.
Dr. Ogunbiyi acknowledged the contributions of key partners, including NiMet, IFAD, the Gates Foundation, and other stakeholders, for their commitment to climate-smart agriculture and resilient food systems. He urged all partners to sustain the spirit of collaboration to expand climate-smart agribusiness opportunities, unlock financing for farmers, and improve livelihoods.
In his remark, the Director-General/CEO of NiMet, Prof. Charles Anosike, described the project as a timely and strategic initiative that aligns with the Federal Government’s Renewed Hope Agenda. He emphasized that timely, accurate, accessible, and actionable weather, climate, and water-related information is critical to climate-smart agriculture, sustainable food systems, and building resilience across Nigeria’s agricultural value chains.
Anosike who doubles as Nigeria’s Permanent Representative at the World Meteorological Organization (WMO), described the project as a timely and strategic to farmers, agribusinesses, financial institutions, insurers, processors, logistics providers, and investors.
He added that all stakeholders require reliable climate intelligence to make informed decisions, manage risks, safeguard investments, and improve productivity. He emphasized the need to translate climate information into simple, localized, and actionable advisories while strengthening public-private partnerships to expand the delivery of climate services to farmers and agribusinesses.
He reaffirmed NiMet’s commitment to supporting the project through its Seasonal Climate Prediction, agrometeorological bulletins, impact-based forecasts, early warning advisories, and digital climate advisory platforms.
Also speaking, IFAD Country Director, Ms. Dede Ekoue, commended the Federal Ministry of Agriculture and Food Security for its leadership and acknowledged NiMet’s technical contributions to the design of the project. She noted that the CSAPR Project will strengthen financially viable public-private partnerships that integrate Climate Information Services into agricultural value chains, enabling farmers and agribusinesses to better adapt to climate variability while improving resilience, productivity, and investment.
Speaking on behalf of the National Programme Coordinator of the SAPZ Programme, Dr. Kabir Yusuf, the representative highlighted early achievements under the project, including the installation of automated weather stations in Ogun and Kano States, the commencement of climate information dissemination, and the distribution of digital devices to farmer organization leaders to facilitate timely weather advisory services.
The CSAPR Project is a Federal Government of Nigeria initiative financed by the Gates Foundation, implemented by the Federal Ministry of Agriculture and Food Security through the SAPZ Programme with support from IFAD and NiMet, and is expected to strengthen climate resilience, enhance food security, and improve the livelihoods of small holder farmers by embedding Climate Information Services into sustainable agribusiness solutions delivered through effective public-private partnerships.
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Al Mustapha angry with ex-DSS officer for alleging Abacha died on top of a woman
Former Chief Security Officer to late Head of State, General Sani Abacha, Major Hamza Al-Mustapha, is angry with Mr. Amachree, a former DSS officer who alleged Abacha died on top of a woman
Amachree had alleged in his book released recent that the former dictator died while having sexual intercourse with a lady who was friends with the girl friend of the late head of state.
In a reaction, Al Mustapha dismissed the claims, describing the account as false.
Speaking with journalists in Kaduna, Al-Mustapha said the claims contained in the former DSS official’s book were untrue, alleging that the author was influenced by others to write them.
“The boy was asked to write the lies by others. I have all the CCTV footages of what happened in my custody, so what he said are not true,” Al-Mustapha said.
He maintained that the account presented in the publication did not reflect what transpired, insisting that he possessed evidence to contradict the assertions made about Abacha’s death.
Al-Mustapha further urged the public to disregard the claims, saying it was wrong to make what he described as false statements against someone who was no longer alive to respond.
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Reprieve for Aisha Achimugu as court of appeal discharges EFCC of powers to freeze her accounts
The Court of Appeal in Port Harcourt, Rivers State, has delivered a major setback to the Economic and Financial Crimes Commission (EFCC) in its prolonged financial restrictions against businesswoman Aisha Achimugu.
The appellate court declared that the continued freezing of 124 bank accounts linked to Ms Achimugu was an abuse of court process and a subversion of the rule of law.
In a unanimous judgment, a three-member panel of the court discharged and vacated the ex parte order obtained by the EFCC more than 15 months earlier to freeze the accounts of Achimugu and several corporate entities associated with her.
The court also overturned the Federal High Court’s order directing the reversal of ₦1.8 billion transferred from a SunTrust Bank account to a Central Bank of Nigeria (CBN)/EFCC recovery account.
However, the appellate court’s decision did not validate the EFCC’s transfer of the money, leaving open the question of the legal basis upon which the anti-graft agency moved the funds.
The judgment was delivered by Justice Muhammad Ibrahim Sirajo, who sat with Justices Ishaq Mohammed Sani and Eleojo Enenche.
The case dates back to April 10, 2025, when the Federal High Court in Port Harcourt, presided over by Justice Turaki Adamu, granted an ex parte application by the EFCC to freeze 124 bank accounts allegedly linked to Achimugu, a businesswoman and founder of Oceangate Engineering Oil & Gas Ltd.
The order directed the affected banks to restrict outward transactions from the accounts.
But the freezing order soon became the subject of another legal battle after Achimugu challenged its continued enforcement. She alleged, among other things, that the EFCC had directed SunTrust Bank, through a letter dated April 24, 2025, to transfer funds from one of the frozen accounts into a CBN/EFCC recovery account even though the freezing order was still in force.
The controversy escalated when the Federal High Court, on August 27, 2025, ordered the reversal of ₦1.8 billion transferred from account number 0001313173 domiciled with SunTrust Bank. Justice Adamu held the transfer to be illegal and directed that the money be returned.
The EFCC challenged that decision at the Court of Appeal.
The appellate court agreed with the EFCC on one crucial point but, in doing so, exposed what it considered a fundamental evidentiary problem in the lower court’s handling of the accounts.
The court found that the accounts expressly captured by the April 10, 2025 freezing order included current accounts belonging to Drive.FGC.Net and Felak Concepts Ltd.
According to the judgment, Drive.FGC.Net’s current account carried a balance of ₦50,518,009.57, while Felak Concepts Ltd’s account had ₦16,220,608.37. But the ₦1.8 billion that became the centre of the dispute was held in a fixed deposit account, while another ₦7.79 billion was linked to internal ledger account numbers 2010155010 and 2010155011.
The appellate court questioned the lower court’s treatment of the accounts as identical.
It pointedly observed that the trial court had failed to explain how an account holding about ₦50 million could at the same time have yielded ₦1.8 billion for transfer.
The implication was decisive: the account containing the ₦1.8 billion was not among those expressly covered by the original freezing order.
The Court of Appeal therefore set aside the order directing the reversal of the ₦1.8 billion. But it carefully stopped short of giving the EFCC a clean bill of health.
The appellate court expressly stated that its decision did not amount to a declaration that the EFCC’s decision to transfer the money was lawful.
That distinction could prove significant in any subsequent legal proceedings over the disputed funds.
While the EFCC succeeded on the question of the ₦1.8 billion, it suffered a more consequential defeat over the continued freezing of the 124 accounts.
The anti-graft agency had argued that the Federal High Court acted improperly by delivering its ruling during the annual vacation and that it had been denied fair hearing. The Court of Appeal rejected both arguments.
Justice Sirajo held that delivering a reserved judgment during the court’s annual vacation did not amount to the conduct of general legal business and did not occasion a miscarriage of justice.
On fair hearing, the court noted that both sides had filed further affidavits and counter-affidavits on the disputed transfer. The court concluded that the parties had been adequately heard.
But the appellate court drew a firm constitutional and procedural line over the continued use of the ex parte order.
It held that such an order is intended to be temporary, principally to preserve disputed funds pending the hearing and determination of the substantive application.
Allowing the freezing order to remain in force for more than 15 months, the court held, amounted to an abuse of court process and a subversion of the rule of law.
The appellate court consequently discharged and vacated in its entirety the April 10, 2025 ex parte order freezing and restricting the accounts of Achimugu and the corporate entities associated with her.
The ruling effectively ends the interim restrictions that had kept the accounts frozen for more than a year.
The judgment also exposes a deeper procedural issue in the use of ex parte financial restrictions: an order intended as a short-term preservation mechanism cannot, in the court’s view, be allowed to morph into an open-ended restraint without the substantive case being properly determined.
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