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

Police confirms 5 dead, several injured in fresh attacks on Fulani settlements by suspected Mambilla militias

                                  Atleast 5 people were killed and several others injured in fresh attacks on Fulani settlements by suspected Mambilla militia in Sardauna Local Government Area of Taraba State on Saturday. The spokesman for the Taraba State Police Command, ASP David Misal, who confirmed the incident said the crisis started on Thursday over a land dispute between Fulani and Mambilla in Yerimaru village and later snowballed into neighbouring villages. Misal said that units of mobile policemen and soldiers from the 20 battalion in Serti have been dispatched to the area to maintain law and order, adding that several homes were burnt down and many cows killed and stolen during the attack. A fleeing resident Saadu Mogoggo whose house was attacked at Leme suburb of Gembu, said two of his younger brothers were killed their cattle were rustled by the militia. “As I am...

My horrible encounter with Ochanya’s alleged abuser – Victim’s sister speaks (1)

Mr and Mrs Ogbanje, Ochanya's parents   Sitting on the bed in a room at Ogene-Amejo village and listening to Rose Abah, mother of the deceased rape victim, Ochanya Ogbanje; there was almost no way of telling what her next stunning revelation would be. She earlier narrated the horrible details about her daughter, Ochanya’s  death . Mrs Abah told PREMIUM TIMES that Andrew Ogbuja made several attempts to rape her other 26-year-old daughter, Esther Ameh. According to Mrs Abah, the incident happened in April, 2018, when Miss Ameh went to the Ogbuja’s to care for her 13-year-old sister who had become perennially sick, after going to live with Mrs Ogbuja who was a maternal second cousin to the siblings. “Do you know that he also tried to sleep with my late daughter’s elder sister, Esther? That one is 13 years older than Ochanya,” Ms Abah said. Pointing at Miss Ameh’s picture hung on the wall, Mrs Abah said her other daughter had gone to the Ogbuja’s to care of...

The worst crime a family can do is marrying their scumbag son to an innocent girl in the hope he will miraculously change" Arab influencer writes

    An Arab influencer has raised a discussion about families marrying off their sons who are not responsible enough, to innocent girls.   He pointed out that it has become common and when the man's behaviour doesn't improve after marriage, the woman is blamed.   Abed Alii tweeted: "The worst crime a family can do is marrying their son, who they know is a scum bag, to an innocent girl in the hope he will miraculously change...   "My sympathies are always with the womenfolk. They leave their family and come to an absolutely new one, without any support and then get abused. I’ve heard that so many times. 'maybe she’ll change him. She will make him change his bad habits. She’s a good girl.' It’s not her job to educate your son at the risk of damaging her mental Health!  And vice versa... let’s keep it real."   He added that it goes both ways and he has seen it happen to someone he knows.   Read his tweets below.