Contrary To Her Assertions Sources Insist Bola Shagaya’s N500m Bank Account Frozen

…Also battling with refund of N800m campaign fund to efcc

Contrary to her reported assertions, insiders insist the report of national newspaper Punch is correct.

The a N500m account credited to Billionaire Bola Shagaya with Unity Bank is frozen.

And this development is in relation to on going probe of former first lady, Dame Patience Goodluck Jonathan.

Shagaya is a known confidante of Dame patience and a widely celebrated beneficiary of the Jonathan’s administration.

Here is a link to initial report by punch –
Dame Patience Jonathan’s Best Pal, Bola Shagaya’s N500m Bank Account Frozen!

And here is another link for background on Shagaya’s immediate reaction –
“My Story” Dame Patience Jonathan Best Pal, Bola Shagaya Speaks On Allegedly Frozen N500m Bank Account

But fresh revelations have it indeed despite position as a major stake holder in Unity Bank, Shagaya currently faces inability to access her N500million bank account as a result of the action of anti corruption agency.

Insiders also revealed that this is not the only difficulty the Bolmus boss is experiencing with EFCC.

Informants disclosed reports by news platform, Orijoreporters she was asked to return a N800m campaign fund she collected as ”coordinator” of the Kwara arm of the last general election for PDP under the Jonathan administration is also correct.

The request was made by the EFCC as part of investigation into recovery of government monies transformed into ”illegal election funds” shared to leader’s of then ruling People’s Democratic Party to retain power.

Shagaya based on closeness to then first lady and exit of powerful figures like Bukola Saraki had turned herself party decision maker in Kwara state.

”She was initial battling with the refund of N800m traced to her before this frozen account issue came up” a source stated.

And these are also said to be outside ongoing probe of a major Abuja land swap deal she is a major beneficiary of by the House of Representatives.

Added revelation have it that Shagaya who has remained underground since the current administration came to power to interest as probe of activities of former office holders and their sympathisers rage is currently seeking ways to ensure reports that turn her point of attention like the one by punch did, doesn’t come her way again.