Business

“I’m Not a Bank” — Achimugu Dismisses $13 Million Claim, Says Only $50,000 and N13m Found in Home Raid

Published

3 weeks ago

April 27, 2026

Preport

Entrepreneur and social figure Aisha Achimugu has refuted reports claiming that $13 million was seized from her home, maintaining that only $50,000 and N13 million were discovered during a search of her property.

She addressed the issue on Monday during an appearance on Politics Today, a show aired on Channels Television. According to her, the widely reported figure of $13 million is incorrect and creates a false impression.

It can be recalled that the EFCC had previously listed Achimugu as wanted. The agency alleged her involvement in a case related to criminal collaboration and financial misconduct.

As part of its investigation, the EFCC reportedly conducted a raid on her residence, after which varying accounts surfaced about the amount of money recovered. Achimugu, however, declined to go into specifics regarding the alleged $13 million, explaining that the issue is already before the court.

She also expressed doubt about the source of the claim, emphasizing that she does not keep such large amounts of cash at home.

In her words: “First, I will not go deeply into the issue of $13 million. As you are aware, it is already a matter before the court, and it would be inappropriate for me to comment on it. I have confidence in Nigeria’s judicial process and trust that a fair judgment will be delivered in due course.

“However, I must correct the narrative that $13 million was found in my residence. Yes, my home was searched, but only $50,000 and N13 million, which belongs to my mother, was recovered, along with my personal items.

“I am unsure how the public came to believe that I had $13 million in my house. I am not a financial institution, so I would not store such an amount at home. I have children studying overseas, so it is necessary to keep some foreign currency available for emergencies.”

Business

NGX Advances Investor Education Drive with Digital Retail Engagement Initiative

Published

4 hours ago

May 20, 2026

Preport

Nigerian Exchange Group has intensified its investor education drive through a digital engagement initiative aimed at improving financial literacy and deepening retail participation in the Nigerian capital market.

The Group recently hosted an X Space session themed “Follow the Fundamentals: A Beginner’s Guide to the Stock Market,” reaching over 5,000 users, largely young Nigerians, first-time investors, and retail market participants seeking to better understand investment opportunities in the capital market.

Featuring social media investment influencer, Omiete Inko-Tariah, alongside representatives from Nigerian Exchange Limited and NGX Regulation Limited, the session demystified key concepts around market operations, investor protection, and safe participation. Beyond education, it served as an open forum where retail investors engaged directly with market stakeholders on issues of confidence, transparency, and accessibility.

Speaking on the initiative, Clifford Akpolo, Head, Group Communications and Partnerships at NGX Group, said: “Deepening retail participation is critical to building a more resilient, inclusive, and sustainable capital market. At NGX Group, we believe financial literacy is not just an educational responsibility, it is a strategic imperative for strengthening investor confidence, improving market accessibility, and expanding long-term wealth creation opportunities for Nigerians. Through digital platforms like this, we are leveraging innovation to connect with the next generation of investors and democratize access to market knowledge.”

The initiative forms part of NGX Group’s broader sustainability agenda under its Community pillar, which focuses on advancing financial literacy, inclusion, and economic empowerment through education-driven and stakeholder-focused programmes.

Following the success of this edition, NGX Group plans to sustain similar engagements as part of its ongoing commitment to strengthening investor confidence, deepening retail participation, and building a more resilient and inclusive investment ecosystem.

The post NGX Advances Investor Education Drive with Digital Retail Engagement Initiative appeared first on Business Today NG.

Business

FAAN announces additional health screening measures, enhanced Ebola surveillance at Nigerian airports

Published

10 hours ago

May 20, 2026

Preport

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The Federal Airports Authority of Nigeria (FAAN) has assured travellers and other airport users that enhanced health surveillance measures have been activated across the country’s international airports following renewed Ebola concerns in parts of Central Africa.

In a statement issued on Wednesday, FAAN said the measures were introduced in collaboration with Port Health Services, the Nigeria Centre for Disease Control and Prevention (NCDC) and other relevant agencies to strengthen preparedness and prevent possible health risks.

According to the authority, surveillance and passenger monitoring have been intensified, particularly for travellers arriving from high-risk regions.

“Passengers are being screened for symptoms associated with Ebola, and any suspected case will be promptly isolated and subjected to secondary health checks in line with established national and international health protocols,” the statement said.

FAAN noted that additional emergency response procedures have also been reinforced while airport personnel have undergone increased sensitisation as part of precautionary efforts.

The authority stressed that there is currently no confirmed Ebola case in Nigeria but said it remains vigilant in safeguarding public health and ensuring safe airport operations.

“FAAN remains vigilant and fully committed to safeguarding public health and maintaining safe airport operations,” the agency stated.

READ ALSO: FAAN nabs four unauthorised persons at Akure airport

Passengers were also advised to remain calm, cooperate with health screening procedures and report any symptoms to health officials at the airports.

The development comes as health authorities across parts of Africa continue to monitor Ebola-related concerns and strengthen border surveillance to prevent cross-border transmission.

Nigeria’s aviation and health authorities have previously activated similar emergency screening measures during periods of global and regional disease outbreaks, including the COVID-19 pandemic and earlier Ebola scares.