Nigerian businesswoman Aisha Achimugu has responded to allegations that $13m was discovered in her home during a raid by the Economic and Financial Crimes Commission (EFCC).
Speaking on Politics Today, Achimugu denied the claim, stating that only $50,000 and ₦13m belonging to her mother were found, alongside her personal belongings.
She explained that the foreign currency was kept at home for emergencies, citing the need to support her children who study abroad.
“I have kids who go to school abroad, so it is important to keep such currencies at home for emergencies. That is why I had the money at home,” she said.
Aisha Achimugu is a prominent Nigerian businesswoman and philanthropist, primarily known as the founder and Group Managing Director/CEO of Felak Concept Group. Her business interests are diverse, spanning engineering, maritime, oil and gas, and ICT.
Achimugu began her entrepreneurial journey in 2001. She gained significant recognition for her role as a consultant in the development of the Ibaka Seaport in Akwa Ibom State, making her one of the few female transaction advisors in Nigeria’s maritime sector. Her flagship company, Felak Concept Group, serves as an umbrella for several subsidiaries.
In January 2024, she gained national attention for a week-long 50th birthday celebration on the Caribbean island of Grenada.
The event’s high cost and the presence of high-ranking Nigerian officials, including Lagos State Governor Babajide Sanwo-Olu, sparked intense debate regarding the source of her wealth.
Following the birthday controversy, the Economic and Financial Crimes Commission (EFCC) investigated her finances. In March 2026, a Federal High Court in Abuja ordered the final forfeiture of $13 million linked to her firm, Oceangate Engineering, after the court ruled the funds were likely proceeds of fraud.
Following Achimugu’s travails with the EFCC, she has denied allegations that her wealth is linked to political patronage.
She has maintained that her businesses have been legitimate and operational for over two decades and confirmed that her legal team is appealing the forfeiture order.
Her tame and lame explanation for such a whopping sum of money lying about at home has generated public reactions on social media, eliciting sneers and jeers.
According to Breaking News (@BREAKING_NG): “Only $50k and ₦13 million for emergencies? Must be nice when your small change is a whole retirement plan for others. Nigerian mothers are out here fighting for ₦1k at the market, but okay.”
🇳🇬Ogbuefi Nnabuenyi🇿🇦 (@chiefikemefuna): “Sorry to say, but Politics Today’s episode is a testament that Seun is daft. From this woman to the other APC liar who spoke about the electoral bill.”
X Political Analyst (@uzoeluesamuel): “What happened to the bank? Can’t transfers be made for emergencies? Why do people talk as though all Nigerians are daft?? Second base jare.”
Boris Johnson, Nigerian counterpart (@Mrboorish): “This was the girl who was rumoured to be the side chick of Tinubu. Disclaimer: This was alleged and not believed to be true, though.”
David (@ManLikeDavid__): “It seems they pay Seun to be on his show. The show has become a platform where people exonerate themselves of all allegations rather than ask tough questions. He actually gives them a platform to clean themselves in front of the public.”
ORIJAJ’OOGUN👑 (@abimbolasuccess): “Seun is doing the dry cleaning job with his paid customers as usual. This is a total waste of viewers’ time. That’s a criminal money launderer right there. EFCC, where are you fools???”
HANBUZZY (@Hanbuzzy08): “So that you can cash mail to them when it’s an emergency, Abi???”
Roestic (@RoesticGV): “You’re a thief! Where on earth are you allowed to keep such money in the house? Mention one law in the CBN Act that allows that. You’re a money launderer.”
Proudly Abia (@Chiglobaltrade): “Imagine the kind of money you just keep at home. 50k USD and ₦13m. Only a Nigerian politician.”
Oluwafemi (@blessingofgo): “It is only in Nigeria that criminals will come to national TV to boast about stealing public funds. People like Yahaya Bello. EFCC, what corruption are you fighting?”
Usman Kazaure (@uskaz): “So let me understand this clearly, are you saying that you’re paying your children’s school fees with the money belonging to your mom?”
De Eagle Eyes (@henry_nnaj41871): “I don’t have confidence in EFCC because they are a political association.”
The Jedi Master (@Terrahawks99): “The Chief of Staff is definitely behind her ordeal. The dude wants to be governor of the big city by the coast. He has to take his rival down through his fronts.”
Gbenga OK (@OkGbenga): “Her family is well known as modest but definitely not wealthy. Her lies are so visible. Whoever asked her to be on that show did her a dirty. She was caught in the laundry web.”
Ekene (@EkeneNwachai): “What’s this? She must think we’re fools. 50k USD in cash at home for diaspora emergencies? Even Trump’s wife won’t have that much cash at home.”
boxy (@boxypiper): “Aisha Achimugu’s company claimed $13 million came from gifts. EFCC argued the funds were proceeds of fraud and unlawful activities, not legitimate earnings. Neither Achimugu nor any alleged donors appeared in court to prove legitimacy. Justice Emeka Nwite of the Federal High Court in Abuja upheld the final forfeiture of $13 million.”
Unique Uche (@uchejoy): “$50,000 = ₦70m + ₦13m Total = ₦83m found in someone’s house, and she said it is ‘just’ on National TV. May God save this country.”
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