Skip to main content

How Bola Shagaya laundered N3.3bn for Jonathan - EFCC



                           How Bola Shagaya laundered N3.3bn for Jonathan - EFCC
The Economic and Financial Crimes Commission (EFCC) yesterday urged Justice Oluremi Oguntoyinbo of a Federal High Court in Lagos not to unfreeze a Unity Bank account with a balance of N1, 902,673,399.93 belonging to a businesswoman, Hajiya Bola Shagaya.

In a counter affidavit filed against Shagaya’s motion seeking to unfreeze the account, the anti-graft agency, through one of its operatives, Musbahu Yahaya Abubakar, argued that the money was the balance of a total of N3,305,150,000, which she received as “founder fees” on behalf of an organization, “Women for Change” being spearheaded by a former First Lady, Dame Patience Jonathan.  

The EFCC claimed that the N3.3 billion was realised through Shagaya’s “fraudulent activities in the Nigerian National Petroleum Corporation (NNPC),” where she allegedly “influenced the fraudulent allocation of Dual Purpose Kerosene to Index Petrolube Africa Ltd., with the aid of Mrs. Jonathan.”

The N3.3 billion was said to have been paid by Index Petrolube Africa Ltd. and its sister company, Autodex Nigeria Limited. The EFCC, while revealing that the two companies are owned by one Honourable Ezeani ThankGod, also posited that the reason behind the N3.3 billion payments was to “fraudulently facilitate Dual Purpose Kerosene to ThankGod’s company, Index Petrolube Africa Ltd.”  

The anti-graft agency further claimed that out of the N3.3 billion, Shagaya had “paid a cumulative sum of N1,212,000,000 to the former first lady, through her account, ‘Women for Change Initiative’ account domiciled in Diamond Bank, to which she is the sole signatory.”

It added that after paying N1.2 billion to Jonathan, Shagaya kept the balance of N1.9 billion to herself by “warehousing” same in her personal bank account in Unity Bank. The commission further claimed that it was on this basis that it secured an order of Justice Muslim Hassan of the Federal High Court in Lagos on December 29, 2016 to freeze the account. However, the businesswoman, through her lawyer, Napoleon Emeaso- Nwachukwu, is contending that she was not given fair hearing before Justice Muslim Hassan made the freezing order.

She urged Justice Oguntoyinbo to set aside the order by declaring it unconstitutional, null and void. She claimed it violates her right to own movable property as guaranteed by Section 44 (1) (k) of the Constitution.  In a 19-paragraph affidavit deposed to by one Sulaiman Aliu, the businesswoman said she is worried that the ex parteMay 17. Meanwhile, the antigraft agency yesterday interrogated Senator Stella Oduah, over an alleged N9.4 billion fraud in respect of security installations at some airports.  Highly placed sources, who informed New Telegraph about the development, said the senator representing Anambra North arrived the commission’s headquarters at about 11a.m.

She urged Justice Oguntoyinbo to set aside the order by declaring it unconstitutional, null and void. She claimed it violates her right to own movable property as guaranteed by Section 44 (1) (k) of the Constitution.  

In a 19-paragraph affidavit deposed to by one Sulaiman Aliu, the businesswoman said she is worried that the ex parteMay 17. Meanwhile, the antigraft agency yesterday interrogated Senator Stella Oduah, over an alleged N9.4 billion fraud in respect of security installations at some airports.

Comments

Popular posts from this blog

Photos: World's richest man Jeff Bezos and new girlfriend spotted gazing into each other's eyes 3-months before he announced divorce from estranged wife

New photos of World's richest man  Jeff Bezos  and new girlfriend  Lauren Sanchez  enjoying a romantic dinner in  Los Angeles have surfaced online. The photos which were reportedly taken on October 30, 2018, shows the pair gazing adoringly into each other's eyes and laughing together.  A source said the couple were snapped while dining with a male and female companion at the Capo Restaurant in Santa Monica.  'They seemed to be in their own world,' the source told the National Enquirer. 'Bezos and Sanchez barely spoke to their two companions all night.'  The source said Bezos was close to Sanchez 'from the beginning, laughing and joking and whispering to her'.  'She was gazing into his eyes throughout the first part of the evening as they sat next to each other,' they added. 'It did not look like a business dinner, and he barely spoke to the male companion all evening.' The pair spent the night gazing i...

Nigerian man who posed as American millionaire to dupe women arrested in Thailand

Thai Tourist Police launched a manhunt for conspirators in a “romance scam” gang after they arrested a 32-year-old Nigerian who allegedly lured a Thai woman in Lampang province into wiring him nearly Bt100,000. Tourist Police Bureau deputy commissioner Pol Maj-General Surachet Hakparn said in a press conference yesterday that the suspect, Emery Henry Ogba, was a member of a gang believed to have a monthly income of Bt1 million from illicit operations. Ogba was nabbed at a department store in Nonthaburi province on April 21, following an arrest warrant issued by a Lampang Court on March 29 on charges of fraud and overstaying his visa. Police seized Bt42,700 in cash, some ATM cards and bank books, and four mobile phones. Surachet said that one of the conspirators was a Thai woman. “On February 21, a 41-year-old woman filed complaints with police in Lampang’s Koh Ka area that a man who identified himself as Mark Westwood, an American millionaire,...

Police arrest cyber criminals that transfer funds from stolen sim cards(photo)

Lagos State Police Command has arrested a 6 - man syndicate that specialised in robbing Lagosians of their mobile phones and turning over its SIM cards to hackers who get hold of the account details of its owners and transfer its balances to their accounts. Parading the group today, the Commissioner of Police, Mr. Imohimi Edgal disclosed that the syndicate comprised of three splinter groups visiting choice locations in the state to rob members of the public of their phones. He stated that six suspects have been arrested by the Decoy Team of Rapid Response Squad of the command in relation to the fraud. He noted that the group handed over the SIMs to another set of people that would through special computer apps get the bank account details of the owners and thereafter get the account balances. Edgal added that the balance of the account is now transferred into different accounts sourced by another set of suspects. According to the Commissioner, Nwanze Ifeanyi (27), Mart...