The Economic and Financial Crimes Commission (EFCC) has frozen N8, 627,458,773.36 in three accounts of Hajiya Muinat Bola Shagaya, an associate as well as , friend of the former First Lady, Mrs. Patience Jonathan.
Shagaya’s association with about 10 firms/account names are also being investigated by the anti-graft agency, The Nation learnt yesterday.
However , Shagaya, who did not keep any open public appointment throughout the administration of ex-President Goodluck Jonathan, has dragged Unity Bank to the High Court of Lagos State for permitting the EFCC to Post No Debit (PND) on her accounts without getting a valid court order.
She says the action taken on her accounts violates Section34 (1) of the EFCC Act, 2004.
Besides, the withdrawal ban placed on one of her accounts has stopped her from spending N514, 800,000 received as total costs during the course of an Aircraft Lease Agreement of a bombardier Jet, as outlined by files which Shagaya filed and deposed to at the Court along with with her advisor, Napoleon Emeaso-Nwachukwu. The hearing of the undertaking is scheduled for Sept 28.
On the other hand, Unity Bank says its hands are tied by the law in complying with the EFCC’s directives to freeze Shagaya’s accounts.