The Economic and Financial Crimes Commission (EFCC) has intensified its investigation into a massive financial scandal involving businesswoman Aisha Achimugu Sulaiman, after discovering luxury items and large sums of cash in her Abuja residence linked to a missing $250 million.
Acting on a court warrant, EFCC operatives stormed Achimugu’s home at No. 61 Hassan Usman Katsina Street, where they uncovered a staggering haul: N30 million in cash, $50,000 in foreign currency, and boxes containing gold, diamond, and silver jewelry valued at over N1 billion. The discovery is part of a broader investigation into alleged money laundering and misappropriation of political campaign funds.
Sources close to the investigation revealed that the $250 million in question was reportedly entrusted to Achimugu by Lagos State Governor Babajide Sanwo-Olu as part of his 2027 campaign preparations. Insiders claim the funds were meant for safekeeping but were allegedly moved across multiple accounts and may have been squandered.
“The issue is deeper than most people know. Sanwo-Olu put himself in a mess when he went and kept that $250 million in an account belonging to Aisha. Aisha has messed with the funds and cannot account for it anymore,” a source familiar with the case disclosed.
The EFCC has reportedly frozen 136 bank accounts linked to Achimugu across ten banks. Investigators also discovered she operates over 20 companies registered with nearly identical addresses—suggesting a network of shell corporations possibly used to move funds.
Achimugu, currently believed to be in London, was summoned by the EFCC to appear at its Port Harcourt office on March 25, 2025. She has since failed to show up and is now officially wanted by the anti-graft agency.
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