Business
BUSINESSWOMAN AISHA ACHIMUGU SPEAKS OUT, CALLS FOR PROTECTION OF LIFE AND RESPECT FOR RULE OF LAW
Nigerian businesswoman and investor Aisha Achimugu has made a public appeal for the protection of her life, her family, and her business interests while alleging a sustained campaign of intimidation, media trial, and asset seizures.
Achimugu, in a statement Tuesday, said she is facing actions that she described as an affront to the rule of law and natural justice.
She then called for the respect for court orders and for an end to what she termed misleading media coverage about her person and companies.
According to Achimugu, the widow of the late Engr. Sulaiman Achimugu, former Managing Director of the Pipelines and Product Marketing Company, PPMC, she has over the last three decades built businesses in the oil and gas and other sectors, and runs the SAM Empowerment Foundation, SEF, which she said has implemented health, education, and community projects across Nigeria.
The businesswoman, however, alleged that since 2023 she has been the subject of investigations and actions by the Economic and Financial Crimes Commission, EFCC.
Narrating her ordeals, Achimugu noted that in 2023, the EFCC’s Port Harcourt zonal office froze her personal accounts, her children’s accounts, and company accounts linked to the Felak Group, based on an interim forfeiture order.
She said this was connected to a mistaken association with MBA Forex and Capital Investment.
Achimugu stated that in January 2024 she honoured an EFCC invitation with her counsel, clarified her company’s single transaction with MBA Forex, and refunded N58 million by bank draft to the EFCC recovery account.
In March 2025, the businesswoman said she received WhatsApp messages inviting her to the EFCC Port Harcourt office. Her lawyer responded in writing, proposing dates in April 2025. Despite this, she alleged a media campaign began on March 10, 2025 linking her to wrongdoing.
On March 28, 2025, the same day her company, Oceangate Oil & Gas Limited, submitted proof of $20 million payment to NUPRC for oil blocks PPL 302-DO and PPL 3007, subsequently, she claimed the EFCC declared her a “Wanted Person” for “conspiracy and money laundering.” She also alleged that EFCC operatives searched her home that day.
In April 2025, Achimugu said she filed a fundamental rights suit at the Federal High Court, Abuja. But upon returning to Nigeria on April 28, 2025 from a foreign trip, she alleged she was taken into EFCC custody, granted bail by a judge, but released five days later. She also said her international passport was collected.
She alleged further asset actions, including freezing of bank accounts, and the seizure of vehicles from her home in January 2026. She said matters relating to these actions are the subject of ongoing litigation and appeals.
Achimugu also alleged that her United States visa was revoked in April 2025, and that she encountered issues with visa processing related to her Grenadian citizenship, which she linked to media reports citing the EFCC’s declaration.
Achimugu stated that she has invested nearly $90 million in Nigeria’s oil and gas sector in the last five years and has attracted over $100 million in investments into the economy while directly employs close to 200 Nigerians.
However, she said the actions of the anti-graft agency have affected her business operations, international partnerships, and family, including her elderly parents and young children.
Achimugu then called on the National Assembly, the Judiciary, security services, and local and international human rights organizations to examine her case.
She also asked for the protection of her life and properties, respect for court orders, and an end to what she described as a “media trial”.
“I believe that justice delayed is justice denied, and I am not afraid to face the law provided due process is followed. My lawyers are pursuing all legal remedies locally and internationally,” she said.
Achimugu added that she remains committed to Nigeria and to supporting private sector growth.
The Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has dismissed allegations that it appropriated the Niger Delta Economic & Investment Summit (NDEIS) brand, insisting it lawfully obtained trademark acceptance for the name and will proceed with its 2026 summit as scheduled.
In a statement issued on September 12, 2026, the chamber described claims by Kunle Nwiwa Junior as “cheap blackmail, misleading, mischievous and a misrepresentation of the facts,” maintaining that it independently developed the summit and followed all required regulatory procedures.
According to NDCCITMA, it applied for and received a Trademark Acceptance Letter for the name Niger Delta Economic & Investment Summit (NDEIS) in August 2025 under File No. NG/TM/O/2025/387284.
The chamber said the chronology of events contradicts allegations that it copied another party’s application, arguing that its trademark acceptance predated the period during which Nwiwa’s own application was reportedly still pending before the relevant authorities.
“Economic Summit” is a generic expression
NDCCITMA further argued that the phrase “Economic Summit” is a generic description widely used for conferences that bring together governments, investors, businesses, development institutions and other stakeholders to discuss investment and economic development.
The chamber maintained that while concepts may be widely used, legal protection only arises from recognised intellectual property rights, including duly registered trademarks and other enforceable proprietary interests.
It therefore rejected suggestions that any individual or organisation has exclusive ownership of the broader concept of an economic summit.
Court grants interim injunction
Addressing reports that the summit had been halted, NDCCITMA said the dispute is already before the Federal High Court in Port Harcourt and that there is no court order restraining the event.
The chamber disclosed that in Suit No. FHC/PHC/CS/57/2026, Justice Stephen Dalyop Pam granted an interim injunction restraining the defendants—Kunle Nwiwa Junior and Keneva Consult Ltd.—from interfering with the planned summit.
According to NDCCITMA, the court also directed the defendants to remove publications, notices, petitions, social media posts and other statements allegedly considered damaging to the chamber’s name, integrity and reputation pending the hearing of its motion for interlocutory injunction.
The matter has been adjourned until September 22, 2026 for further hearing.
Chamber rejects ₦500 million demand claim
NDCCITMA also alleged that it had received a demand from Nwiwa Junior requesting ₦500 million as a condition for abandoning his claims over the summit.
The chamber said the demand was rejected, adding that it subsequently petitioned the Inspector-General of Police over what it described as repeated harassment and threats directed at its officials.
It said the petition sought police intervention, including inviting the complainant for questioning and caution where necessary.
Summit opens September 15
Despite the legal dispute, NDCCITMA reaffirmed that the 2026 Niger Delta Economic & Investment Summit will hold from September 15 to 17, 2026, at the Obi Wali Conference Centre in Port Harcourt, Rivers State.
The summit will be held under the theme “Driving Investment, Innovation & Industrial Growth in the Niger Delta” and is expected to bring together policymakers, investors, business leaders, development partners and industry stakeholders to discuss economic transformation across the region.
The chamber said it remains committed to promoting commerce, industry, trade, mining, agriculture and sustainable economic development throughout the Niger Delta while allowing the courts to determine all outstanding legal issues.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
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