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Why we froze Bola Shagaya’s account, by EFCC

By Innocent Anaba

The Economic and Financial Crimes Commission, EFCC, has told a Federal High Court sitting in Lagos, that it froze the account of a business woman, Mrs Bola Shagaya due to intelligence report that she was being used by former First Lady, Dame Patience Jonathan, to launder billions of naira.

Shagaya

EFCC stated this in its counter affidavit to a suit by Hajiya Bola Shagaya before the court in which she is challenging the freezing of her account by the commission.

Bola Shagaya in the suit is asking the court to set aside the order of the court freezing her bank accounts in Unity Bank Plc

In the affidavit  by  a litigation officer,  Sulaiman Ali, EFCC averred that sometimes in the month of October and November 2016, Hajiya Bola Shagaya issued several payment instructions to her bank, Unity Bank Plc in respect of third party transactions, but to the applicant’s chagrin,  the said payment instructions were declined by her bank despite the fact that the applicant (Bola Shagaya) had enough money standing to her credit with her bank to cover the payment instructions prior to issuing the instructions.

The deponent said that upon enquiry the bank intimated Shagaya that it received a letter from EFCC directing it to place a Post No Debit on her account with it.


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