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News

EFCC Freezes Three Accounts Linked to Patience Jonathan’s Friend, Bola Shagaya

Farouk Mohammed
By Farouk Mohammed
Published: August 27, 2017
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The Economic and Financial Crimes Commission (EFCC) has frozen over N8billion in three accounts of Hajiya Muinat Bola Shagaya, who is an associate and friend of former First Lady Patience Jonathan.

The Nation reports that Shagaya’s relationship with about 10 firms/account names are also being investigated by the anti-graft agency.

But Shagaya, who did not hold any public appointment during the administration of ex-President Goodluck Jonathan, has dragged Unity Bank to the High Court of Lagos State for allowing the EFCC to Post No Debit (PND) on her accounts without a valid court order.

She says the action taken on her accounts violates Section34 (1) of the EFCC Act, 2004.

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According to her, the withdrawal ban placed on one of her accounts has prevented her from defraying N514,800,000 incurred as cumulative costs in the course of an Aircraft Lease Agreement of a bombardier jet.

This is stated in the documents which Shagaya filed and deposed to at the Court alongside with her counsel, Napoleon Emeaso-Nwachukwu.

Hearing of the matter is slated for September 28.

However, Unity Bank says its hands are tied by the law in complying with the EFCC directive to freeze Shagaya’s accounts.

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TAGGED:Bola ShagayaEFCCPatience Jonathan
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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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