Abuja - The Economic and Financial Crimes Commission (EFCC) has placed a ‘No Debit Order’ on a Unity Bank account belonging to business mogul and socialite, Bola Shagaya, over alleged links to former First Lady, Dame Patience Joanthan, reports Punch
Shagaya is a businesswoman, who Forbes Magazine described as one of the wealthiest in Africa.
Shagaya had become a subject of investigation due to her links to the wife of former President Goodluck Jonathan.
EFCC investigators discovered cash transfers from Shagaya’s account to accounts owned by Patience Jonathan.
Also read: EFCC vows Patience Jonathan won't go scot-free
The business tycoon, who is 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.
When Shagaya realised that her account had been frozen, she tried to use her position as a board member of the bank to lift the restriction but the EFCC warned the bank that doing such would amount to criminal conspiracy.
- News 24