Alleged money laundering: Court orders release of Achimugu

A Federal High Court in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to release a Lagos business woman and socialite, Aisha Achimugu, on bail within 24 hours. Justice Inyang Ekwo on Wednesday also directed the EFCC to report back on its compliance with the order on Friday, May 2. Earlier, defence counsel, […]

A Federal High Court in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to release a Lagos business woman and socialite, Aisha Achimugu, on bail within 24 hours.

Justice Inyang Ekwo on Wednesday also directed the EFCC to report back on its compliance with the order on Friday, May 2.

Earlier, defence counsel, Kehinde Oguwumiju (SAN) withdrew his application for a variation of the terms of the bail earlier granted his client by the EFCC, but this was opposed by the prosecution counsel, E.E Iheanacho (SAN) because it was already revoked and fresh terms imposed.

Achimugu is being investigated by the commission for alleged conspiracy, money laundering, and obtaining under false pretences, corruption and possession of properties suspected to have been acquired through unlawful means.

• $79.5bn loss: FIRS prays court to dismiss Binance’s application to vacate order
• This May Day, Nigerian workers deserve more than promises

She was arrested on Tuesday, April 29, 2025 and brought before the court on Wednesday.

Achumugu was declared wanted by the EFCC and was subsequently arrested at the Nnamdi Azikiwe International Airport, Abuja, around 5am when she flew into the country from London, United Kingdom.