Stella Dimoko Korkus.com: EFCC Freezes Socialite Bola Shagaya’s N500m Account Over Patience Jonathan Probe

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Sunday, November 06, 2016

EFCC Freezes Socialite Bola Shagaya’s N500m Account Over Patience Jonathan Probe

The Economic and Financial Crimes Commission has frozen a bank account belonging to Mrs. Bola Shagaya, a businesswoman which Forbes Magazine described as one of the wealthiest in Africa.

It was learnt that Shagaya, who is founder and Chief Executive Officer of Bolmus Group International – a diversified Nigerian conglomerate with interests in oil, real estate, banking, communications and photography – had become a subject of investigation due to her links to Dame Patience Jonathan, the wife of former President Goodluck Jonathan.

Sources within the EFCC told SUNDAY PUNCH that Shagaya’s account with Unity Bank with a balance of N500m was frozen.

The business tycoon, who is also the Managing Director of Practoil Limited, one of the largest importers and distributors of base oil in Nigeria, was said to have made suspicious payments into bank accounts belonging to Patience, who has been under EFCC investigation for about six months.

A source at the EFCC said, “When we were investigating Patience and looking into her accounts, we discovered that Bola Shagaya had been making huge and regular payments into her (Patience’s) bank account.

“We then discovered that the monies were kickbacks. The Ministry of Trade and Investment gave suspicious commission to Shagaya’s company on every crude oil sent abroad. The commission was put in an account for Bola Shagaya. The money will then go to Patience’s account. So we started investigating her.

“We were able to trace the N500m to her account at Unity Bank. So, we placed a ‘No Debit Order’ on the account.”

The source said when Shagaya realised that her account had been frozen, she rushed down to the bank and tried to use her position as a board member of the bank to lift the restriction.

The detective added, “When she heard about the restriction, she ran down to the bank to stop the order from being carried out. We then called the bank to let them know that doing such would amount to a criminal conspiracy. At that point, she had no choice.”

When contacted on Saturday night, Shagaya said, “Please, don’t call this number. I am sleeping. Write anything you want to write.”

The Head of Corporate Communications, Unity Bank, Matthew Obiazikwor, could not be reached for comments as his phone line was switched off and a text message sent to him had not been responded to as of the time of filing this report.

27 comments:

  1. Pls she needs her beauty sleep biko.

    ReplyDelete
    Replies
    1. Lmaooo, babangida's wife birthed alakija, Johnathan's wife birthed this one. Hehehehe. Obasanjo birthed himself. Lmao. This country is messed up. We need a foreigner to rule uss agian. Mehn

      Delete
    2. Can we hire Judge Judy to rule Nigeria for 3 years?

      Everything will be back to norm in no time.

      Judge Judy for President of Nigeria!!!

      Delete
    3. We still wonder what brought the counyry's economy to his kneels? These are the mone(ies) they are supposed to keep for recession time such as this. But what do we find?

      And for those asking what the money recovered will be used for. No one has the right to touch the money yet, until the suspects are convicted. Not even the federal government.

      I honestly weep for this country.

      Delete
    4. God bless. Some people here need to read wide to understand how government is run. They shared all and their boss said amount stolen is exaggerated. Ole.

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    5. Ehehe see as the woman take vex answer them. This was long coming anyway.

      Madame Shagaya has been ostracized from famzing the Buharis in Aso rock. Little wonder she's been mute lately. Na wa

      Delete
  2. Nawa oooo


    Missylynn

    ReplyDelete
  3. Aunty Muinat, wetin happen now?




    *Larry was here*

    ReplyDelete
  4. This woman was always doing "housemaid" behind every first lady,God knows how she got her cliche powers.

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    Replies
    1. The follow follow made her a millionaire though. But greed entered her matter.

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  5. so you want to disturb her beautiful sleep just because of ordinary N500million... chia, chia, there is God ooo... if i hear say anything happen to my N5000 for Gtb account, na there I go dey do night vigil.

    ReplyDelete
  6. Show me your friend and I'll tell who you are....

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  7. Eyah!! Madam AGIP. You should have tried with present Government 😏

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  8. 500m is too small compare to what this woman has gotten from the time of Maryam Babagida till Patience Jonathan's time. These are the main thieves.

    ReplyDelete
  9. Like Hajia Bola cares?

    Duuuuuuuh!

    ReplyDelete
    Replies
    1. Talking as if you know her.famzer of life

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    2. She doesn't need to know her to know what she owns.

      I remember the opening of her duplexes on Osun crescent Maitama. Went with my aunt. You'll know real money was spent there. 500M is nothing.

      Delete
  10. Hmmn this serious , reading and patiently waiting hmmn Nigerians

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  11. The kind of whoopin sum of cash i hear and see on the net everyday ehn yet there is hardship....issorait

    ReplyDelete
  12. The kind of whoopin sum of cash i hear and see on the net everyday ehn yet there is hardship....issorait

    ReplyDelete

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