The bank account belonging to Mrs. Bola Shagaya, a businesswoman has been frozen by the Economic and Financial Crimes Commission.
Shagaya, who has been described as one of the wealthiest woman in Africa by Forbes Magazine was learnt to have become a subject of investigation due to her links to former first lady, Dame Patience Jonathan.
The businesswoman, who is the founder and Chief Executive Officer of Bolmus Group International – a diversified Nigerian conglomerate with interests in oil, real estate, banking, communications and photography has her account with Unity Bank with a balance of N500m frozen.
She is also the Managing Director of Practoil Limited, one of the largest importers and distributors of base oil in Nigeria. She was said to have made suspicious payments into bank accounts belonging to Patience, who has been under EFCC investigation for about six months.
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.
She subsequently asked the court to lift the restriction on the accounts.
The post [REVEALED] Why EFCC Froze Socialite Bola Shagaya’s N500m Account appeared first on LATEST NIGERIAN NEWS BREAKING HEADLINES NEWSPAPERS.
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