The Economic and Financial Crimes Commission (EFCC) has frozen over N8, 627,458,773.36 billion in three accounts of Hajiya Muinat Bola Shagaya, an associate and friend of a former First Lady, Mrs. Patience Jonathan.
Shagaya’s relationship with about 10 firms/account names are also being investigated by the anti-graft agency.
But Shagaya, who did not hold any public appointment during the administration of ex-President Goodluck Jonathan, has dragged Unity Bank to the High Court of Lagos State for allowing the EFCC to Post No Debit (PND) on her accounts without a valid court order.
She says the action taken on her accounts violates Section34 (1) of the EFCC Act, 2004.
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
(1) First Deep Water Discovery Limited;
(3) FAPLiNs Nigeria Limited
(4) Lingo Nigeria Limited;
(5) Buri Barclays BDC;
(6) Links Global Synergy Ltd;
(7) OKIOIL Nig. Ltd;
(8) JEMARVIZ Nig Ltd;
(9) PJ Oil and Gas Ltd; and
(10) AFDIN Ventures Ltd.
Hearing of the Matter has been Slated for September 28.