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N8B Frozen Account: Bola Shagaya Kicks, Says I Have Not Committed Any Crime

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Billionaire business woman Bola Shagaya has described insinuation by the anti-graft agency that the funds in her bank accounts was proceeds of crime.

She described the allegation as an invidious lie, vowing to use all legal means to defreeze the accounts.

” I have not been indicted of any crime, and none of my companies have broken any laws of the land, she said in a chat with Per Second News on Sunday.

Shagaya has vowed to continue her case in the law court, alleging that her account freeze did not comply with Section 34(1) of the EFCC Act, 2004.

” I have lost business goodwill, can’t pay N514m debts on chartered aircraft,  she said.

She said the Aircraft Lease Agreement between her and Global Apex Air Limited has been terminated with her forfeiting US$1million.

Shagaya accused Unity Bank of complicity on her travails following the bank’s alleged failure to exercise the requisite due diligence.

“It is so shameful and disgusting when we make ourselves a laughing stock before international circles through brazen unconstitutional acts by publicly funded government institutions, just to get a round of applause, said a close associate of the business woman.

The (EFCC) froze over N8, 627,458,773.36 billion in three of her accounts.

However, Unity Bank says its hands are tied by the law in complying with the EFCC’s directives to freeze Shagaya’s accounts.

The account names are (i) First Deep Water Discovery Limited; (ii) Bola Shagaya; (iii) FAPLiNs Nigeria Limited (iv) Lingo Nigeria Limited; (v) Buri Barclays BDC; (vi) Links Global Synergy Ltd; (vii) OKIOIL Nig. Ltd; (vii) JEMARVIZ Nig Ltd; (ix) PJ Oil and Gas Ltd; and (x) AFDIN Ventures Ltd.

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