Aisha Achimugu Under EFCC Investigation Over Alleged Diversion of $250 Million Campaign Funds
Olamilekan Boluwatife
Aisha Achimugu, the Group Managing Director and Chief Executive Officer of Felak Concept Group, is currently facing serious allegations of financial misconduct, according to emerging reports.
Achimugu is accused of diverting $250 million entrusted to her by a sitting governor. The funds were reportedly meant for use in the 2027 election campaign but have allegedly been misappropriated.
In a dramatic turn, operatives of the Economic and Financial Crimes Commission (EFCC), armed with a search warrant, raided her residence at No. 61 Hassan Usman Katsina Street. Court documents reveal that during the search, EFCC officials discovered N30 million in cash, $50,000 in U.S. currency, and several boxes containing gold, diamond, and silver jewelry collectively valued at over N1 billion.
Sources familiar with the investigation disclosed that the probe into Achimugu’s financial dealings is directly linked to the missing $250 million. Insiders allege that after receiving the funds for safekeeping, Achimugu transferred large portions into various accounts controlled by her and subsequently squandered the money.
According to reports by NATIONAL WAVES, the governor who entrusted her with the campaign funds demanded an accounting, only to find the resources had been largely dissipated.
The EFCC investigation is ongoing, and further developments are expected as authorities dig deeper into the alleged financial improprieties.
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