Stella Dimoko Korkus.com: EFCC Battles Bola Shagaya Over Frozen N1.9bn Allegedly Belonging To A Former 1st Lady

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Tuesday, February 27, 2018

EFCC Battles Bola Shagaya Over Frozen N1.9bn Allegedly Belonging To A Former 1st Lady

The Economic and Financial Crimes Commission on Monday urged the Federal High Court in Lagos not to unfreeze a Unity Bank account with a balance of N1,902,673,399.93 belonging to a business woman, Hajiya Bola Shagaya.





The anti-graft agency claimed that the N1.9bn was the balance of a total of N3,305,150,000, which Shagaya received as “founder fees” on behalf of an organisation, “Women for Change” being spearheaded by a former First Lady, Mrs. Patience Jonathan. 


The EFCC claimed that the N3.3bn was realised through Shagaya’s “fraudulent activities in the Nigerian National Petroleum Corporation,” where she allegedly “influenced the fraudulent allocation of Dual Purpose Kerosene to Index Petrolube Africa Limited, with the aid of the former First Lady, Mrs. Dame Patience Jonathan.”


The EFCC said it was on this basis that it secured an order of Justice Muslim Hassan of the Federal High Court in Lagos on December 29, 2016 to freeze the account. It, therefore, begged Justice Oluremi Oguntoyinbo of the same court not to unfreeze Shagaya’s account, so that Shagaya would not “use this honourable court as a shield against criminal investigations and prosecution.”


After entertaining arguments from the EFCC’s lawyer, Idris Mohammed, and Shagaya’s lawyer, Emeaso-Nwachukwu, on Monday, Justice Oguntoyinbo adjourned till May 17, 2018 for judgment.
From punch


*So so adjournment..na wah!!!

13 comments:

  1. So she wont have money to do the big wedding she is planning for the son. Na wa for EFCC. Una just dey punish PDP people

    ReplyDelete
    Replies
    1. You think say na this money she dey rely on for her son's wedding? Hahahaha

      Delete
  2. Replies
    1. Do you know that shagaya is Sara's in-law? Connect the dot and you will be able to solve the puzzle.

      Delete
  3. Economic and Financial Crimes Commission branch do the work properly and maintain all crime and also try to stop the crime so thanks for sharing the post. icare data recovery tool

    ReplyDelete
  4. Sorry, was thinking Alakija. Patience maybe....

    Lol. I ddnt read before commenting oh. Wanted to be sure I could guess before reading 😭😂

    ReplyDelete
  5. AGIP AGIP😂😂😂😂😂
    Vp's in-Law to be

    ReplyDelete
  6. Yes o SDK,na so them go adjourn till we all forget,have they ever gotten to the root of money packing?

    ReplyDelete
  7. All these money circulating for internet, diariz God ooo. This Bola Shagaya na strong woman, her jazz must have been prepared in India

    ReplyDelete
    Replies
    1. Lol. I don ponder dat mata.

      Delete

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