The Economic and Financial Crimes Commission (EFCC) has Strengthened its probe into a major financial crime involving businesswoman Aisha Achimugu Sulaiman, after uncovering luxury jewelry and large sums of cash in her Abuja home associated to a missing $250 million.
Following a court order, EFCC agents broke into Achimugu’s house at 61 Hassan Usman Katsina Street and discovered an incredible haul: N30 million in cash, $50,000 in foreign currency, and boxes of jewellery worth over N1 billion in gold, diamonds, and silver. The revelation is a part of a larger investigation into allegations of political campaign cash misuse and money laundering.
According to sources c, the Lagos State Governor Babajide Sanwo-Olu allegedly gave Achimugu the $250 million in question as part of his campaign plans for 2027. According to insiders, the money was supposed to be kept safe but was allegedly transferred between other accounts and possibly misappropriated.
A source said, “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,”
According to reports, the EFCC has blocked 136 Achimugu-related bank accounts at ten different banks. Investigators also found that she runs more than 20 businesses that are registered with essentially the same locations, which raises the possibility that she uses a network of shell firms to transfer money.
On March 25, 2025, the EFCC called Achimugu, who is presently thought to be in London, to come to its Port Harcourt office. Since then, she has not appeared, after which the agency has declared her wanted.
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