Felak Concept Group has strongly condemned a false publication by The Street Journal alleging that the Economic and Financial Crimes Commission (EFCC) arrested its Group Chief Executive Officer (GCEO), Dr. Mrs. Aisha Achimugu, on March 10, 2025.

In a statement, the company expressed outrage at what it described as a “malicious and defamatory” report designed to tarnish Dr. Achimugu’s reputation and damage the company’s image.

“We are certain that the EFCC, a reputable organization, did not provide this false and misleading information to The Street Journal and its publisher, Mr. Wale Arisekola,” the statement read.

Felak Concept Group decried the publication as a deliberate act of defamation, causing distress to associates, family, and well-wishers. It demanded an immediate retraction and a public apology within 48 hours.

“Failure to comply will leave us with no choice but to take swift legal action,” the company warned.