By Ebi Kesiena
Felak Group has strongly denied media reports linking its Chief Executive Officer, Dr. Aisha Achimugu, and its subsidiary, Oceangate Engineering Oil & Gas, to a controversial $7 million cash transaction allegedly tied to Providus Bank.
In a statement on Saturday, the company described the claims as “false, misleading, and deliberately crafted to smear its reputation and that of its leadership.”
The clarification followed reports that the Economic and Financial Crimes Commission (EFCC) had traced the sum to the bank’s vault and subsequently secured its forfeiture to the Federal Government after approaching the courts.
The controversy comes months after Dr. Aisha Achimugu’s name featured prominently in anti-graft investigations. Earlier this year, she was briefly arrested by the EFCC over alleged involvement in suspicious financial dealings connected to some government contracts. Though she was later released without charges, the development attracted widespread media attention, with her lawyers at the time insisting that she was a victim of “unfounded allegations and political intrigue.”
Felak Group, however, stressed that neither its CEO nor Oceangate Engineering Oil & Gas has any business with the $7 million transaction in question. “The article suggested that the deposit occurred in Lagos, whereas the court documents it referenced indicated Abuja. Such contradictions show that the story has no factual basis,” the statement said.
The company further alleged that the renewed reports appear calculated to erode public trust in its leadership and discredit its work in the oil and gas sector. Describing the attempt as “an outright abuse of free expression,” Felak Group vowed to defend its integrity.
“We call on the author and those circulating the false report to issue a public retraction and apology with the same prominence as the original story. Failure to do so will leave us with no choice but to seek appropriate legal redress,” the statement added.
