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.

Patience attempts to withdraw $5m from frozen account

Sources within the EFCC also told our correspondent that it foiled a fresh attempt by Patience Jonathan to withdraw $5m from her frozen account during the week.

The source said the commission was informed by Skye Bank that Patience had placed a standing order for $5m to be withdrawn from the account but it was stopped.

The detective added, “We received an alert from Skye Bank during the week that Patience attempted to withdraw $5m from her personal account titled Patience Ibifaka Jonathan which is domiciled at the bank.

“We immediately told the bank not to allow any withdrawal because a ‘No Debit Order’ had been placed on the account.”

It will be recalled that the EFCC had frozen four other company accounts with a balance of $15m. The accounts were linked to a former Special Adviser to Jonathan on Domestic Affairs, Waripamowei Dudafa.

However, during the arraignment of Dudafa and the directors of the companies, Patience filed an application claiming ownership of the money.

She subsequently asked the court to lift the restriction on the accounts.

On Wednesday the directors of the companies pleaded guilty to money laundering. The EFCC applied for the money to be permanently forfeited to the Federal Government, a request which has been deferred by the Federal High Court.

Source: http://punchng.com/patience-jonathan-probe-efcc-freezes-socialite-bola-shagayas-n5oom-account/

Children of hate, oya make una rush come defend una mama oooo. THE JONATHANS(Face of Corription).

Good. ......


But When will they Freeze and Investigate Babachir Lawal For using 270million to clear Grasses, Abba Kyari's 500million "Thank You Gift" and Buratai's Dubai Estates


Well They Are All Saints

[size=14pt]Bola Shagaya, Agip.com! [/size]

Some are complaining of recession, while others have billions of dollars in their accounts.

was said to have made suspicious payments into bank accounts belonging to Patience, who has been under EFCC investigation for about six months.

“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.

Buhari caused the recession? Of course!!

Fear Nigerians....

SO SHE NEVER GO JAIL

Exporting crude oil to import refined products is a monumental aberration placed on the country by members of AGIP ( Any Government In Power)

corruption doesn't care about religion or tribe cause there's no relationship between shagaya and Jonathan if not proceeds of corruption. this present administration is dinning with corruption no doubt but whenever they claim to fight against it, we need to support them cause that's the only way we can be sure they will be hunted when they leave power. imagine what Ffk will do to Magun, the current SGf, and Burutai should he smell power.

He who brings ants infested wood to his house should be ready to dance ruggedly. Patience Jonathan wasn't and has never been diplomatic in handling this issue from onset, rather she started screaming like a fish seller in Ebute metta under bridge.

She still believes she commands influence, and started bragging and going into thug of war with wolves. Oya continue......

EFCC under Magu is doing a damn good job,no wonder Magu is being blackmailed with all types of failed schemes.
As for Shagaya,its not a surprise.
.Even the other woman that is said to be d richest in Africa,i am sure that if she were to be investigated,it will turnout that it's something similar to what Shagaya has done that has won her the lucrative oil deals she used in making her wealth.
It's a sad reality but I don't believe that there is a billionaire in Nigeria since the reign of IBB that has really made his/her money from genuine,painstaking,100% wealth from proceeds of his/her physical biz enterprise.
All av come from connections in govt circles and it's advantages in one form or the other.

500 million Naira seem a small fry compared to 15 million dollars.

I still ask, when will the court convict those arrested for 'almost' looting our country dry?

Nawa oooO

s

na so dem go just they open mouth call millions, billions, trillions like say na zimbabwe we dey.

Hmmm

Shameless criminals!

These are the same people our hungry yoots would come out to celebrate!

We wasted our years of abundance! Thousands of years ago, thru the wisdom of Joseph and the readiness of Pharaoh, within seven years of abundance, enough grains were stored by the Egyptians against Seven years of famine! They did not only fed their own people, but the whole region. Cry, the beloved country.

Serious . . .

Tbh,between this woman and Goodluck who was really the president and first lady ?

EFCC should continue doing the needful. Anybody found culpable of any illegality should be made to face the consequences irrespective of his/her ethnic & religious background, political affiliations.

This is a very heart breaking news on a Sunday morning
500m in a personal account locked up when the masses are there suffering because they are unlucky to be born in Nigeria
Labouring day and night for basic needs of life
It's a pity

What type of business is Mrs Shagaya into?

Patience Jonathan and waliers, now....

Most of Nigeria so called business moguls are just corrupt goverment contractors who are granted some form of monopoly.

We zombies, now...

My country my country

the heroine of corruption destroying everyone with her predilection

modath:


[size=14pt]Bola Shagaya, Agip.com! [/size]

Can't find her pics with Aisha in your album naa. Have you forgotten how she received Aisha into Aso rock immediately after inauguration?.
Kiss the truth!

Booked