Who Is Bola Shagaya? Why Did She Forfeit 2Billion Naira To EFCC In Financial Crimes Connected To Patience Jonathan?

Bola Shagaya is one of Nigeria’s wealthiest women worth an estimated $1 Billion in 2018. Bola Shagaya’s wealth has been under corruption scrutiny by Nigeria’s Economic and Financial Crimes Commission (EFCC) since 2015. EFCC has traced national funds to Bola Shagaya through money laundering activities. A well-known Nigerian Billionaire, Bola Shagaya is very close friends with former first lady of Nigeria, Patience Jonathan and many other women of high political caliber. Through Patience Jonathan, Bola Shagaya built up her wealth for over 7 years while Goodluck Jonathan was president of Nigeria. In November 2018, EFCC successfully obtained a forfeiture order from a Nigerian court to return 1.9 Billion Naira from Bola Shagaya to Nigeria. This amounts to the available funds in Bola Shagaya’s Unity Bank Account; a bank where she served as a non-executive director.

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