She Will Remain With Us’ – EFCC Detains Billionaire Aisha Achimugu In Corruption Crackdown

Detained businesswoman Aisha Achimugu remains in the custody of the Economic and Financial Crimes Commission (EFCC), as she has yet to fulfill the bail conditions tied to her alleged involvement in an ₦8.71 billion oil bloc transaction.

Over the weekend, the EFCC revealed that the initial sureties provided by Achimugu failed to meet the stipulated requirement of owning landed property within Abuja.

A senior EFCC official, speaking anonymously to The Nation, confirmed that two new sureties were presented on Friday and are scheduled for verification on Monday.

“Aisha is still in detention because she hasn’t met the bail terms. The court authorized EFCC to set the conditions, and we requested two sureties with verifiable property in Abuja. The ones submitted earlier did not qualify,” the official stated.

“She has now presented two new sureties. If they also fall short, she will continue to be in our custody,” the source added.

EFCC Digs Into ₦8.71bn Inflow, 136 Bank Accounts

In addition to bail issues, EFCC operatives are investigating how Achimugu came to control 136 personal and corporate bank accounts spread across 10 different banks.

According to an affidavit sworn by EFCC investigator Chris Odofin, Achimugu is under investigation for conspiracy, money laundering, obtaining money under false pretenses, and ownership of questionable assets.

She was declared wanted in March 2025 and subsequently arrested weeks later.

The EFCC is examining an alleged ₦8.71 billion transaction funneled into her company’s accounts, which Achimugu reportedly claimed was investment capital for securing oil blocs.

She maintains that the funds were paid into a Federal Government account through her company, Oceangate Engineering Oil and Gas Limited, and backed her claim with documents from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).