• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

      AEF Slams CBN’s New BDC Policy, Cites Threat to Northern Economy…

      Google Search Tech Digest

      7 Smart Google Search Tips That Will Save You Hours By…

      U.S. VISA

      REVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months…

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

  • National
    • Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDAC

      President Muhammadu Buhari

      Rat Story Was a Smokescreen to Divert Attention from Buhari’s Health…

      Nigerian Banks

      Nigeria’s Second Chance at a Global Cashless Future By Fatimah Yusuf…

      Air Chief Rallies New Intelligence Officers for Proactive Security Response

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs, NAFDAC Activate MoU to Fight Substandard Products By Abdullah Maiwada

    • Government
      • Mohammed Idris

        Local Government Autonomy Not Negotiable — FG Declares

        NELFUND

        NELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 Students

        Seal of the Nigerian Senate

        NNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements – Senate…

        Senator Kashim Shettima

        Presidency Debunks Misleading Reports on VP Shettima’s Remarks at Book Launch

        Shamsedeen Babatunde Ogunjimi

        OAGF Explains Delay in June Salaries for Some Civil Servants

  • Security
    • Defence Minister Abubakar Badaru

      Nigeria’s Future Rests on Smart Defence Management — Badaru to Military…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDAC

      Troops Intercept 3 Gunrunners, Seize Weapons, Cash in Kaduna

      Military Troops

      Troops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQ

      Soludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad

  • Features
    • Soludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad

      Nigerian Banks

      Nigeria’s Second Chance at a Global Cashless Future By Fatimah Yusuf…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Customs, NAFDAC Activate MoU to Fight Substandard Products By Abdullah Maiwada

      Crowned Prince Salman of Saudi Arabia

      Rebranding Royalty: Saudi Arabia’s Response to Iran’s Fall By Baba El-Yakubu

      Kanam Ambush: The Danger of Embarking on an Unauthorized Mission By…

  • State
    • Troops Intercept 3 Gunrunners, Seize Weapons, Cash in Kaduna

      Soludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad

      Police repatriates Chinese Fugitive wanted for Tax fraud

      Police Arrest, Repatriate Chinese Fugitive Wanted for Tax Fraud

      court Judiciary

      Murder of Wedding Guests: Plateau Court Remands 20 Suspects

      Army Vows to Tackle Oil Theft, Restore Nigeria’s 2mbpd Output

  • Event
    • Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Troops of the Nigerian Army giving a salute

      162nd Anniversary: Tinubu Salutes Nigerian Army, Hails Troops as Guardians of…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

    • PR Nigeria Award
  • E-Paper
Home Anti-Corruption N1.9bn: Bola Shagaya loses Bid To Unfreeze Account
  • Anti-Corruption

N1.9bn: Bola Shagaya loses Bid To Unfreeze Account

By
Wilson Uwujaren
-
May 17, 2018
EFCC
EFCC Operatives

N1.9bn: Bola Shagaya loses Bid To Unfreeze Account

Justice Oluremi Oguntoyinbo of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, May 17, 2018, described as “judicial rascality” the issues raised by a businesswoman, Bola Shagaya, in an application seeking an order of the court to set aside the ruling given by Justice M.S. Hassan of the same court ordering the interim attachment of her account pending conclusion of investigation‎

The Economic and Financial Crimes Commission, EFCC, had on December 29, 2016, secured an order of Justice Hassan to freeze a Unity Bank account with a balance of N1,902,673,399.93 belonging to Shagaya.

The money was the balance of a total of N3,305,150,000, which Shagaya allegedly received as “Finder fees” on behalf of an organisation, “Women for Change” being promoted by a former First Lady, Mrs. Patience Jonathan.

It was further alleged that the N3.3bn was realized through Shagaya’s fraudulent activities in the Nigerian National Petroleum Corporation, NNPC, where she was said to have influenced the allocation of Dual Purpose Kerosene ‎to Index Petrolube Africa Limited, with the aid of the former First Lady.

The N3.3bm was allegedly paid by Index Petrolube Africa Limited and ‎sister company, Autodex Nigeria Limited, which are said to belong to Hon. Ezeani ThankGod.

It was also alleged that the reason for the payment of the N3.3bn was to “fraudulently ‎facilitate allocation of Dual Purpose Kerosene to ThankGod’s company, Index Petrolube Africa Limited.”

Out of the N3.3bn, Shagaya was said to have “paid a cumulative sum of N1,212,000,000 to the former First Lady through her ‘‘Women for Change Initiative” account domiciled in Diamond Bank, to which the former First Lady is ‎the sole signatory.”

Shagaya allegedly “warehoused” the balance of N1.9bn in her account in Unity Bank.

Through her lawyer, Shagaya, in an originating summons, had urged Justice Oguntoyinbo to grant her access to the account, which has been frozen since December 29, 2016.
Shagaya, who is claiming violation of her constitutional right to fair hearing, filed an originating summons dated October 20, 2017 supported by a 19- paragraph affidavit seeking the court’s order to set aside Justice Hassan’s ruling and also asking for the declarations that the ruling was unconstitutional, null and void as same violates her right of fair hearing as guaranteed by Section 36(1) & (2) of the 1999 Constitution.

Read Also:

  • Local Government Autonomy Not Negotiable — FG Declares
  • Nigeria’s Future Rests on Smart Defence Management — Badaru to Military Leaders
  • Customs Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDAC

She is also seeking a declaration that she has the right to own movable properties as guaranteed by Section 44(1) & (1c) of the 1999 Constitution.

In response to the application, the EFCC, in a nine-paragraph counter- affidavit deposed to by Musbahu Yahaya Abubakar, an investigator with the EFCC, urged the court to dismiss the prayers of the applicant and declare it an abuse of court process.

At the resumed hearing today, Justice Oguntoyinbo dismissed the application and held that an interim order of the account of the applicant or forfeiture of her account pending investigation and prosecution did not violate her right to fair hearing.

She also held that “Section 26, 27, 28, 29, 30 of the EFCC Act provides that immediately after the commencement of investigation, the Commission can attach a property to last till the commencement of criminal trial.

“The order made by Honorable Justice M.S. Hassan was made within jurisdiction and this court cannot stand as an appellate court against its decision.

“This suit is an appeal presented in form of originating summons by asking the court to preview the status of a court of concurrent ‎jurisdiction, it is a judicial rascality.”

EFCC Closes Case in Ownership of Intercepted N49m

In another development, the Economic and Financial Crimes Commission EFCC today closed its defence in the contentious ownership of N49 million intercepted at the Kaduna International Airport on March 13, 2017.

Counsel to EFCC Joshua Saidi informed Justice S. M Shuaibu of the Federal High Court Kaduna, that the Commission by presenting it’s only witness had closed it’s case.

In his testimony, the defence witness identified his sworn affidavit and adopted same; while counsel to the five plaintiff E. I Dapo didn’t object to it’s admissibility.

The Court further admitted a Certified True Copy of teller depositing the said sum in the custody of the CBN.

It will be recalled that operatives of the EFCC on March. 13, 2017 had intercepted five 750kg bags filled with crispy naira notes at the Kaduna International Airport.

Further investigation revealed the bags contained a total sum of N49 million .

Upon an exparte application for an order of interim forfeiture which was granted by the Federal High Court Kaduna in respect to the intercepted cash, five individuals came forth claiming ownership.

They are: Oyebanji Plaits Steve, Taiye Omoniyi Oluwaleke, Risikat Taimiyu Titilayo, Fausat Oni, and Joshua Kisabo.

Justice Shuaibu has adjourned the matter to June 28, 2018 to allow for adoption of final written addresses and reply on points of Law.

Wilson Uwujaren
Head, Media and Publicity
17 May, 2018

Wilson Uwujaren
Head, Media and Publicity

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Bola Shagaya
  • efcc
Previous articleRelief Foundation Provides Legal Services to 1000 Victims of Terrorism
Next articleNAF Strikes Boko Haram Structures in Bama, Gobara
Wilson Uwujaren
Wilson Uwujaren
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

President Muhammadu Buhari

Rat Story Was a Smokescreen to Divert Attention from Buhari’s Health – Garba Shehu Reveals

NAF Surgical Airstrikes Decimate Bandit Convoy, Eliminate Scores in Kebbi-Zamfara Axis

Fact-Check: Did Bandits Die Mysteriously in Nupe Community After Kidnapping Spree?

Comptroller General Nigerian Customs Bashir Adewale

Senate Applauds Customs CG Bashir Adeniyi for Global Leadership and Economic Reforms

Google Search Tech Digest

7 Smart Google Search Tips That Will Save You Hours By Shuaib S. Agaka | Tech Digest

Two Killed, Gunman Neutralized as Police Battle Armed Attackers in Anambra

L-R: Representative of the Managing Director of Bank of Industry, Ugochukwu Akagaogu; Minister of Information and National Orientation, Mohammed Idris; Minister of State for Industry, Senator John Owan Enoh and the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, Ambassador Nura Rimi during the tour of the Hydropolis Free Trade Zone in Amfani, Magama Local Government Area of Niger State on Tuesday

FG Eyes 5,000-Tonne Boost in Fish Production Through PPP Model

NSA Hails New Joint Doctrine and Welfare Centre to Revolutionize Military Collaboration

NSA Nuhu Ribadu and NGE President Eze Anaba

Security Chiefs, Editors, ‘Off-the-Record’ and Other Confidential Rules

Picture caption: NIPR President, Dr. Ike Neliaku (left) and Governor Abdullahi Sule exchanging the MoU documents.

NIPR Signs MoU for PR and Leadership Varsity, Nasarawa Govt Approves Land, Scholarships

Comptroller General Nigerian Customs Bashir Adewale

Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

What Life Really Looks Like for Nigerians Battling Sickle Cell, By Hafsat Ibrahim

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Local Government Autonomy Not Negotiable — FG Declares
  • Nigeria’s Future Rests on Smart Defence Management — Badaru to Military Leaders
  • Customs Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDAC
  • Troops Intercept 3 Gunrunners, Seize Weapons, Cash in Kaduna
  • Troops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQ
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Local Government Autonomy Not Negotiable — FG DeclaresNigeria’s Future Rests on Smart Defence Management — Badaru to Military LeadersCustoms Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDACTroops Intercept 3 Gunrunners, Seize Weapons, Cash in KadunaTroops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQSoludo and Radda’s Candid Confessions on Homegrown Terror By Tahir AhmadRat Story Was a Smokescreen to Divert Attention from Buhari’s Health - Garba Shehu RevealsNigeria's Second Chance at a Global Cashless Future By Fatimah Yusuf UsmanAir Chief Rallies New Intelligence Officers for Proactive Security ResponseCustoms, NAFDAC Activate MoU to Fight Substandard Products By Abdullah MaiwadaNELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 StudentsNNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements - Senate InsistsPresidency Debunks Misleading Reports on VP Shettima’s Remarks at Book LaunchPolice Arrest, Repatriate Chinese Fugitive Wanted for Tax FraudMurder of Wedding Guests: Plateau Court Remands 20 Suspects
X whatsapp