Aisha Achimugu Continues to Be Held by the Economic and Financial Crimes Commission (EFCC)
Hangin' with Aisha Achimugu, the Businesswoman in Mad Problems with the EFCC
Aisha Achimugu, a business bigwig, is in a pickle with the Economic and Financial Crimes Commission (EFCC). Seems she's been snagged up by the corruption cops and is struggling to meet her bail conditions.
The EFCC sprung the news on the weekends that the initial sureties pledged by Achimugu did the impossible: failed to satisfy the bail requirements set by the EFCC. The Commission wanted landed properties in Abuja as collateral. A top EFCC source, speaking confidentially, spilled the tea to The Nation, explaining: "Aisha ain't goin' nowhere until she sorts out her bail dealio. You see, the court mandated us to call the shots on the bail conditions, and we're all about landed properties in Abuja. The first cats offered didn't play the game right. She got her act together though, and brought two fresh ones. But if they don't cut the mustard, she's stuck with us"
In addition to bail issues, the EFCC is drilling down on how Achimugu ended up running a whopping 136 bank accounts across ten different banks. The Commission suspects Achimugu of unlawful activities, such as money laundering, fraud, and corruption. An EFCC investigator, Chris Odofin, threw some shade in a deposed affidavit, stating that Achimugu is being probed for conspiracies, money laundering, deception, and asset possession suspicions.
The EFCC labeled Achimugu a fugitive back in 2025, scooped her up weeks later, and is now scrutinizing an eye-popping ₦8.71 billion inflow into her company accounts, which she attested to be "investment funds" meant for oil block purchases. She cited paperwork from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to back up her claims. However, the EFCC's sleuthing revealed that Achimugu's company nabbed two oil blocks—Shallow Water PPL 3007 and Deep Offshore PPL 302-DO—for $25.3 million. Shady business? The transactions reportedly went down via cash deals with bureau de change operators, which appear to have funneled the dosh to the Federal Government. Did somebody say "suspicion of illicit money sources?"
The EFCC is hot on the trail, aiming to trace the funds and verify the legality of the associated accounts and business carried out by Achimugu. Let's see how this tale unfolds!
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- The businesswoman, Aisha Achimugu, finds herself in a standoff with the Economic and Financial Crimes Commission (EFCC) over allegations of corruption and unlawful activities, especially money laundering, in Nigeria.
- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is also involved in the investigation, as funds amounting to ₦8.71 billion were inflow into Achimugu's company accounts, labeled as "investment funds" for oil block purchases.
- Despite initial bail issues, Achimugu is reported to have provided new sureties in the form of landed properties in Abuja, but the EFCC's evaluation of these properties is yet to be seen.
- Notably, the politics surrounding this case extends beyond just Achimugu, with the APC party keeping a close eye on policy-and-legislation and general news concerning the EFCC's actions.
- The crime-and-justice sector continues to monitor the situation, as the EFCC works diligently to trace the funds and verify the legality of associated accounts and business carried out by Aisha Achimugu.
