Aisha Achimugu’s authorized troubles have escalated because the Financial and Monetary Crimes Fee (EFCC) intensifies its probe right into a sweeping monetary scandal involving the outstanding businesswoman, who’s at the moment on the run.
The EFCC lately uncovered luxurious gadgets and important money sums at Achimugu’s Abuja house, all linked to the disappearance of $250 million. Appearing on a court docket issued warrant, EFCC operatives raided her residence at No. 61 Hassan Usman Katsina Road, seizing ₦30 million in money, $50,000 in international forex, and a number of other packing containers of gold, diamond, and silver jewellery valued at over ₦1 billion.
This haul varieties a part of a broader investigation into alleged cash laundering and the suspected mismanagement of political marketing campaign funds.
In line with sources near the probe, the $250 million was allegedly entrusted to Achimugu by a state governor to bankroll election marketing campaign preparations. Investigators consider the funds, meant for safekeeping, had been as a substitute funneled by means of a number of accounts and should have been misappropriated.
“The scenario is much extra advanced than most individuals notice. The governor landed himself in bother by parking $250 million in an account linked to Aisha. She has tampered with the cash and may not account for it,” a supply acquainted with the investigation revealed.
To this point, the EFCC has frozen 136 financial institution accounts linked to Achimugu throughout ten completely different banks. Investigators additionally found she controls greater than 20 corporations registered underneath related addresses, elevating suspicions a few attainable community of shell corporations used to launder illicit funds.
Achimugu, the founding father of Felak Idea Group, was summoned to seem on the EFCC’s Port Harcourt workplace on March 25, 2025. She didn’t honor the invitation and has since been declared needed by the anti graft company.