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Achimugu Denies $13m EFCC Claim, Says Funds at Home for Emergencies

Soliu Oyesiji, April 27, 2026April 27, 2026

A Nigerian businesswoman, Aisha Achimugu, has dismissed allegations that $13 million was recovered from her residence during a raid by the Economic and Financial Crimes Commission (EFCC).

Achimugu, who spoke on Monday during an interview on Politics Today aired on Channels Television, said the reports were false and misleading.

“$13 million was not found in my house when it was raided. Only fifty thousand dollars and ₦13 million belonging to my mom were found, along with my personal belongings,” she said.

She explained that the presence of foreign currency in her home was due to practical needs, particularly given her family situation.

“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,” Achimugu added.

Responding to questions about the source of her wealth, the businesswoman said her financial standing predated her late husband, who once headed the Pipeline and Products Marketing Company (PPMC).

“I started business in 2001. I was already in oil and gas business before I met my late husband. I come from a decent background,” she said.

Achimugu also rejected claims linking her finances to Lagos State Governor, Babajide Sanwo-Olu.

“My money is not from Governor Sanwo-Olu either,” she stated.

When asked by the programme’s host, Seun Okinbaloye, whether she had ever funded political campaigns, Achimugu denied any involvement in partisan financing.

“I am not a politician. I only fund charity organisations. That is only where I put my money,” she said.

The allegations surrounding the EFCC raid have generated public attention, with Achimugu insisting that the claims about large sums recovered from her residence are unfounded.

News Babajide Sanwo-OluChannels TVEFCCSeun okinbaloye

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