Aisha Achimugu Denies $13 Million Raid Allegations, Links Funds to Mother

The business developer clarified that she won an oil bloc through a public and transparent bidding process managed in Lagos. She stated her focus remains on business development, not political connections.

Achimugu stated that the N13 million discovered during the Economic and Financial Crimes Commission (EFCC) operation belonged to her mother. She specified that the only cash found in her residence was $50,000, which she said was kept for family emergencies related to children studying abroad.

She addressed the $13 million figure directly, arguing that keeping such a sum at home is impractical for someone in her position. The entrepreneur emphasized that her company, not she personally, owns the oil bloc secured via the public bidding process. Achimugu framed her success as a result of intentional career building within the oil and gas sector.

What to watch next is how the judicial system handles the subjudice matter regarding the origin of the funds.