The Economic and Financial Crimes Commission (EFCC) has frozen over
N8, 627,458,773.36 billion in three accounts of billionaire
businesswoman and an associate and friend of former First Lady, Mrs.
Patience Jonathan, Bola Shagaya, at Unity bank. According to the Nation,
the anti-graft agency is currently investigating the link between Hajia
Shagaya and about 10 firms/account.
The billionaire business woman who did not hold any public
appointment during the administration of former 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. According to Hajia Shagaya, the action taken on her
accounts violates Section34 (1) of the EFCC Act, 2004.