Bola Shagaya’s biography, fact, career, awards, net worth and life story

Intro Nigerian businesswoman
Is Businessperson
From Nigeria
Type Business
Gender female
Birth

10 October 1959, Ilorin, Ilorin East, Kwara State, Nigeria

Age 61 years
Star sign Libra
Education
Ahmadu Bello University

Hajia Bola Shagaya (born October 10, 1959) is a Nigerian businesswoman and fashion enthusiast. She is one of the richest women in Africa.

Early Life & Family

Hajia Bola Shagaya (MON) was born on 10 October 1959, the daughter of Adut Makur a Sudanese seamstress and Emenike Mobo a Nigerian Public Servant. 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. 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.

Career

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 and she introduced the Konica brand of photographic materials into the Nigerian market and West Africa.

Hajia Bola Shagaya is also the managing director of Practoil Limited, one of the largest importers and distributors of base oil in Nigeria, serving local lubricant blending plants. Her businesses also includes huge investment 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 (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), and a fashion and art enthusiast who supports and encourages the fashion and art industry. She also loves sports, especially polo. On 22 July 2010, she was awarded by the President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan (GCFR), the title of Member of the Order of the Niger (MON).

Money Laundering Investigation

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

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