Categories: News

EFCC Freezes Bola Shagaya’s N8.6b

Hajiya Muinat Bola Shagaya has found herself in a battle with the Economic And Financial Crimes Commission (EFCC). Shagaya is a close friend and associate of the former First Lady, Mrs Patience Jonathan. EFCC froze over N8, 627,458,773.36 billion in three accounts of Shagaya.

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

In reaction to this Shagaya dragged Unity Bank to the High Court for giving EFCC access to Post No Debit (PND) on her accounts without valid court order. She said the action taken on her accounts violates Section34 (1) of the EFCC Act, 2004.

Besides, 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, according to 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.

 

jorjapaxson3737

Recent Posts

PDP Backs Fubara Against Wike, Declares Readiness For LG Poll

The Peoples Democratic Party has thrown it support towards tomorrow's local government election in Rivers…

7 hours ago

Video: Flood Submerges University Of Ibadan’s Hostel

A flooding incident has wrecked havoc at the University of Ibadan (UI) destroying documents, books,…

9 hours ago

Include Bobrisky In Defamation Lawsuit, VeryDarkMan Tells Falana

Controversial activist and social media critic, Vincent Otse popularly known as VeryDarkMan, has asked human…

11 hours ago

School Building Collapse Kills Pupil, Injures Others

A school pupil has reportedly lost his life after a dilapidated six-classroom block collapsed, at…

11 hours ago

Top 10 Trending Stories In Nigeria Today

In today’s fast-paced world, staying informed is more important than ever. Osun Defender, a leading…

11 hours ago

Teacher Arrested Over Alleged Abuse Of School Boy

The Taraba State Government, through the Ministry of Women Affairs and Child Development, has arrested…

11 hours ago

This website uses cookies.