Patience Jonathan probe: EFCC freezes Bola Shagaya's N500m account
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.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Chief Imam Of Ilorin Abiodun Musa Aibinu Lai Gobir Abubakar Aliagan Aisha Ahman Pategi Oko Erin Ibrahim Agboola Gambari Waheed Ibrahim Gbenga Olawepo Sardauna Of Ilorin March 28 Rachael Obisesan Ariyo Abdullahi Imam Abdullahi Oja-Oba A.O. Belgore Yusuf Lanre Badmas Owo Arugbo Sarah Jubril Ibrahim Bio Otoge Kwara State Television Bola Sagaya Shero Onikijipa Ajibola Saliu Ajia Share/Tsaragi Special Agro-Industrial Hub Baba Adini Of Kwara State Ambassador Kayode Laro Funke Adedoyin CBT Nigeria Governors\' Forum Mufutau Olatinwo Tunji Ajanaku CLAY POT Muhammad Sirajo Aliyu Baakini Woro COVID-19 Palliatives Mahee Abdulkadir Tosin Saraki Kubra Kazum Kanu Agabi David Adesina Suleiman Rotimi Iliasu Fatimoh Lawal Baaziki Sulaiman Bareke Metro Park Rafiu Ajakaye Yekini Adio Ella Supreme Tissue Paper Mohammed Saidu Ilorin Anchor Men And Women Saraki Ilesha-Gwanara Ilorin International Airport Raji AbdulRasaq Ayeyemi Sulaiman Abdulmumini Jawondo Maigidasanma COEASU Abdulahi Abubakar Bata Jumoke Monsura Gafar Taofik Mustapha Raymond Olaitan Oba David Oyerinola Adedunmoye Ijakadi Ahmad Olanrewaju Belgore Yoruba Saudat Abdulbaqi Prince Sunday Fagbemi Mamman Saba Jibril Student Learning Support Helpline United Nigeria Congress Party Khadijat Ayoola Yusuf

