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Bola Shagaya

Bola Shagaya 9

Bola Shagaya biography

Hajia Bola Shagaya MON is a Nigerian businesswoman and fashion enthusiast. She is one of the richest women in Africa.

Bola Shagaya

Background information

Full Name: Bola Shagaya

Born: 10 October 1959

Birth place: Ilorin, Kwara, Nigeria

Nationality: Nigerian

Education: Ahmadu Bello University Armstrong College

Famous as: Business mogul

Spouse: Alhaji Shagaya

Children: Sheriff Shagaya, Hakeem Shagaya

Religion: Muslim

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Biographical and educational career

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.

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.

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Bola Shagaya

Professional 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.

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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).

Bola Shagaya

Family and personal life

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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.

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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.


  • Bola Shagaya

  • Bola Shagaya

  • Bola Shagaya
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