Bola Shagaya

Last updated

Bola Shagaya
MON
Born (1959-10-10) 10 October 1959 (age 64)
NationalityNigerian
Education Ahmadu Bello University
Armstrong College
OccupationBusiness magnate

Hajia Bola Muinat Shagaya MON (10 October 1959) is a Nigerian businesswoman and fashion enthusiast. She is one of the richest women in Africa. [1] [2] She is the founder and CEO of Bolmus Group International, a conglomerate with holdings in real estate, oil and gas, banking and photography.

Contents

Biography

Hajia Bola Muinat Shagaya was born on 10 October 1959 in her hometown of Ilorin. [3] The name of her mother was Saadat Bakini [4] Bola Shagaya is known to have had her secondary school education at Queens School, Ilorin, and her tertiary education at Ahmadu Bello University, Zaria and Armstrong College in California, where she studied economics and accountancy.

She started her career with the audit department of the Central Bank of Nigeria before venturing into commercial activities in 1983. Her business experience started with the importation and distribution of photographic materials. She introduced the Konica brand of photographic materials into the Nigerian market and West Africa.

Hajia Bola Muinat Shagaya is also the managing director of Practoil Limited, [5] one of the largest importers and distributors of base oil in Nigeria, serving local lubricant blending plants. Her business also includes investments in real estate, spanning across major cities in the country with over three hundred employees.

She is currently on the board of Unity Bank plc [6] (formerly Intercity Bank) and has been for over eight years. She is also a member of the recently inaugurated Nepad Business Group – Nigeria. Hajia Bola Shagaya is a patron of the Fashion Designers Association of Nigeria (FADAN).

Money Laundering Investigation

Bola Muinat Shagaya is being investigated by Nigeria's Economic and Financial Crimes Commission, EFCC, for money laundering also involving Patience Jonathan, Nigeria's former firstlady. [7]

Distinctions

Private life

She is currently married to Alhaji Shagaya, a Kwara State-based transport mogul, and has six children. Sherif Shagaya, Hakeem Shagaya, Deeja Shagaya, Naieema Shagaya, Amaya Roberts Shagaya and Adeena Roberts Shagaya. Her children are dispersed across the world, most reputably growing the Real Estate empire in both Europe and the United States. Also involved in minor business and industry holdings across Asia and Australia. [8]

Related Research Articles

<span class="mw-page-title-main">Bola Tinubu</span> President of Nigeria since 2023

Bola Ahmed Adekunle Tinubu is a Nigerian politician who is the 16th and current president of Nigeria. He was the governor of Lagos State from 1999 to 2007, and senator for Lagos West in the Third Republic.

James Onanefe Ibori is a Nigerian politician who was Governor of Delta State in Nigeria from 29 May 1999 to 29 May 2007. An ethnic Urhobo by descent, Ibori is a member of the Peoples Democratic Party(PDP). He is a leader in the Niger Delta region and a national figure in Nigeria. In 2012, Ibori was sentenced to 13 years in prison for money laundering.

<span class="mw-page-title-main">Bukola Saraki</span> Nigerian politician (born 1962)

Abubakar Bukola SarakiMBBS is a Nigerian politician who served as the 13th president of the Nigerian Senate from 2015 to 2019. He was elected the President of Nigeria’s 8th Senate on 9 June 2015 under the All Progressives Congress (APC).

<span class="mw-page-title-main">Economic and Financial Crimes Commission</span> Nigerian government agency

The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud and money laundering. The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. The agency has its head office in Abuja, Nigeria.

<span class="mw-page-title-main">Aliko Dangote</span> Nigerian businessman (born 1957)

Aliko Dangote is a Nigerian businessman and industrialist. He is best known as the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. He is the first man who built a private refinery in Nigeria. The Bloomberg Billionaires Index estimated his net worth at $13.4 billion in August 2024, making him the 2nd richest black man, and the world's 158th richest person overall.

<span class="mw-page-title-main">Corruption in Nigeria</span>

Corruption is an anti-social attitude awarding improper privileges contrary to legal and moral norms and impairs the authorities' capacity to secure the welfare of all citizens. Corruption in Nigeria is a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence.

<span class="mw-page-title-main">Diezani Alison-Madueke</span> Nigerian politician (born 1960)

Diezani K. Agama is a Nigerian politician who was the first female President of OPEC.

<span class="mw-page-title-main">Afren</span>

Afren plc was an international independent oil exploration and production company. It was formerly listed on the London Stock Exchange, however it was de-listed in 2015. The company was placed in administration in July 2015.

Olufemi Peter Otedola is a Nigerian businessman and philanthropist. He is the former chairman of Forte Oil PLC, and is the current executive chairman of Geregu Power PLC.

<span class="mw-page-title-main">Dangote Group</span> Nigerian industrial conglomerate

The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$4.1 billion in 2017.

Farida Mzamber Waziri is a Nigerian technocrat, law enforcement officer and former executive chairperson of the Nigerian Economic and Financial Crimes Commission (EFCC) She succeeded Nuhu Ribadu in this post.

The Independent Corrupt Practices Commission is a Nigerian agency that was inaugurated on 29 September 2000 following the recommendation of President Olusegun Obasanjo. The mandate is to receive and investigate reports of corruption and in appropriate cases prosecute the offender(s), to examine, review and enforce the correction of corruption prone systems and procedures of public bodies, with a view to eliminating corruption in public life, and to educate and enlighten the public on and against corruption and related offences with a view to enlisting and fostering public support for the fight against corruption. The Corrupt Practices and other Related Offences Act 2000 governs the committee's activities.

Mohammed Bello Adoke is a Nigerian lawyer. He is a Senior Advocate of Nigeria and was appointed Minister for Justice and Attorney-General of the Federation on 6 April 2010, when Acting President Goodluck Jonathan announced his new cabinet.

<span class="mw-page-title-main">Stella Oduah</span> Nigerian politician (born 1962)

Stella Oduah Ogiemwonyi is a Nigerian politician who served as a Minister of Aviation from July 2, 2011 to February 12, 2014 and as a Senator from Anambra North Senatorial District. She was also the Director of Administration and Finance during the political campaign of President Goodluck Jonathan.

<span class="mw-page-title-main">Folorunso Alakija</span> Nigerian businesswoman (born 1951)

Folorunsho Alakija is a Nigerian businesswoman and philanthropist. She is currently the group managing director of The Rose of Sharon Group and also serves as executive vice chairman of Famfa Oil Limited.

<span class="mw-page-title-main">Ngozi Olejeme</span> Nigerian politician

Ngozi Juliet Olejeme is a Nigerian, entrepreneur, politician and administrator. She once served as the Chairman of the Nigeria Social Insurance Trust Fund from 2009 to 2015.

<span class="mw-page-title-main">Buhari's anti-corruption war</span>

Anti-corruption war was an anti-graft campaign launched by the government of Muhammadu Buhari, the 6th democratic President of Nigeria. This is a war against all forms of corruption in Nigeria. During the president's election campaign in 2015, he had vowed to fight against corruption and insecurity if elected. Since his election in April 2015, anti-graft war remain one of his topmost priority. The U.S. Secretary of State, John Kerry, at the World Economic Forum held at Davos in Switzerland extolled Buhari's the anti-corruption fight.In October 2015, the United Kingdom pledged her support for Buhari's anti-corruption war. According to Grant Shapps, the minister for international development, "UK is fully committed to helping Nigeria increase its security, stability and prosperity. "We would continue to provide capacity building, technical and investigative support to Nigeria to tackle corruption. Corruption in Nigeria also affects the UK directly. Where we have evidence, we will continue to take action to protect the integrity of the UK's financial system and prevent. Some Nigerian described the war as "perfect" while others described it as "selective". William Kumuyi, the founder and general overseer of Deeper Christian Life Ministry described Buhari's anti-corruption war as a step in right direction. However, the president has been criticized and accused of leading a selective war against corruption. Several people claimed that his war against corruption focus on members of the opposition party, the People's Democratic Party.

Matthias Chika Mordi is from Delta State, in Nigeria and was a refugee during Nigeria’s civil war. He is an economist by training and a banker. He is the Chief Executive Officer of National Competitiveness Council of Nigeria and is the current Chairman of United Capital PLC. He is an Honourable Senior member of the Chartered Institute of Bankers of Nigeria and alternate president of the West African Institute of Bankers (2005-2008).

<span class="mw-page-title-main">Segun Adebutu</span> Nigerian businessman

Segun Adebutu is a Nigerian businessman, economist and philanthropist. He has business interests in oil and gas, shipping, mining, construction, real estate, agriculture and entertainment. He is the chairman and CEO of Petrolex Oil and Gas, a company presently building the second largest refinery in sub-Saharan Africa.

Harriet-Ann Omobolanle (Bola) Adesola is the senior vice-chairman at Standard Chartered Bank Group where she was previously the CEO of Standard Chartered Bank for Nigeria and West Africa. Adesola has over 33 years of experience in the banking sector.

References

  1. Nsehe, Mfonobong (16 August 2012). "Ten Female Millionaires To Watch In Africa". Forbes .
  2. "The 10 Richest Women In Africa - African Female Entrepreneurs". Ventures Africa. 16 July 2012. Retrieved 25 July 2019.
  3. Onuh, Chioma (2 April 2024). "How Bola Shagaya, third richest woman in Africa, made her wealth and raised six children". Business Day . Retrieved 6 July 2024.
  4. Tugbobo, Babatunde (16 October 2022). "Tributes pour in for socialite's late mum". The Punch . Retrieved 6 July 2024.
  5. "Top oil magnates living it up". Vanguard . 27 January 2012. Retrieved 25 July 2019.
  6. Unity Bank Plc Board of Directors Archived 24 August 2013 at the Wayback Machine
  7. "How Patience Jonathan, Shagaya Used NGO To Launder N3.3bn – EFCC". Sahara Reporters. 27 February 2018. Retrieved 25 July 2019.
  8. "Hajiya Bola Shagaya: Makings Of A Billionaire Social Elite". Ventures Africa. 23 December 2012. Retrieved 25 July 2019.