Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

EFCC freezes Bola Shagaya’s N500m account over Patience Jonathan’s probe

06 November 2016, 09:23

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

NEXT ON NEWS24 NIGERIAX
&nbps;

Read more from our Users

Submitted by
Isaac Asabor263
Separating kitchen politics from ...

Like everyone else, I believe that the most popular definition of democracy is “government of the people, by the people and for the people”. Read more...

Submitted by
Bethel Tanifo
Ministry of Niger Delta Affairs, ...

Like NDDC Unlike MONDA. This notion is an intuition that does not portend political participation, affiliation, intrusion or aggression but a submission with the intention of completion of the previous administration's noble vision. Read more...

Submitted by
Bethel Tanifo
Nigerian Constitution versus Corr...

The problems of Nigeria is not in its conventional composition, formation, functionality, constitution or treaty, while the solutions are not disintegrations as promulgated by some faiths fanatics and bigotries.  Read more...

Submitted by
Abdulsalam Jubril
Much Ado about Trump’s Presidency

It was unbelievable when the social and mainstream media all over the world began airing the breaking news of Donald Trump’s victory in the most contentious US Presidential elections in recent years. Read more...

Submitted by
Mike Daemon
Nigerian author highlights gay ch...

A new novel by a prolific young Nigerian author features gay characters, which could help increase the visibility of the gay community and possibly lead to greater understanding of LGBT Nigerians. Read more...

Submitted by
Isaac Asabor263
Your Excellency, I will call you ...

Your Excellency, Governor Adams Oshiomhole, as a leader that pays attention to details, I understand that the odd title of this piece would definitely arouse your curiosity.  Read more...