Businesswoman, Bola Shagaya is currently dressed in the robe of a money launderer.
Anti-corruption agency, Economic and Financial Crimes Commission made the allegation to justify the freezing of Shagaya’s bank account in the financial institution in which she is a stakeholder – Unity Bank. Shagaya who is the in law of Vice President Yemi Osinbajo is accused of laundering N3billion for former President Goodluck Jonathan. She reportedly earned N1.9billion from the enterprise the EFCC described as fraudulent activities in the Nigerian National Petroleum Corporation. The anti-corruption agency claimed the illicit gain is the balance contained in Shagaya’s frozen Unity Bank Account. The accused reportedly received the laundered fund in the guise of receiving a N3,305,150,000 founders fee for an organization Women For Change with former first lady as driving force.
EFCC claims the fund was actually for influencing fraudulent allocation of Dual Purpose Kerosene to Index Petrolube Africa Ltd, with the aid of the former First Lady, Mrs Dame Patience Jonathan.
The EFCC further claimed Shagaya paid a cumulative sum of N1, 212, 000, 000 to Mrs Jonathan, through her account, ‘Women for Change Initiative’ account domiciled in Diamond Bank, to which the former First Lady is the sole signatory.
Agency made the disclosures in court to stop Shagaya from unfreezing her account arguing unfair hearing and losses suffered since the development came to be.