News

Bola Shagaya Splashes N11Billion On Private Jet

Bola ShagayaKwara State PDP leader and bosom friend of Dame Patience Jonathan, Hajia Bola Shagaya’s passion for the good things of life that money can buy took a new dimension weeks ago when she splashed about N11billion on a brand new Gulfstream G650 Private Jet to celebrate her 55th birthday on this earth.

Aviation experts told us that the jet is one of the fastest plane in the world and it’s luxury redefined. They added that the Gulfstream G650 is a plane meant only for billionaires.

Born into the prominent Salman’s family of Ilorin, Kwara State, Shagaya attended Queens’ School, Ilorin and Ahmadu Bello University, from where she bagged a degree in Economics. Later, she bagged a second degree in Economics and Accountancy from Armstrong College, California. Consumed by a quest to enhance her knowledge of Management Technology, Shagaya also attended Harvard Business School, United States. Shagaya has participated in many local and international seminars and workshops.

See also  Access Bank Honours Women Achievers To Kickoff International Women’s Day 2023 Activities

Before she ventured into the business world in 1983, Shagaya had worked at the Audit Department of the Central Bank of Nigeria. She started by importing and distributing photographic materials such as roll papers, films and chemicals and operated under the trading name, Bolmus International Nigeria Limited. Shagaya introduced the Konica brand into the Nigeria market and other countries in West Africa. In 1997, she set up Fotofair Limited and opened a photo laboratory service centre in Victoria Island, Lagos, using a 100% Japanese technology under the Konica brand name. Like an octopus, Fotofair has grown with many tentacles of over 40 laboratories spread across the country. Clearly, this places the company in the league of the largest photo laboratory companies in Nigeria.

See also  Police Officer Dies Having Sex In His Office

A leading importer of base oil into the country, Shagaya is the Managing Director of Practoil Nigeria Limited. This is set up to meet the needs of some of the local lubricant blending plants in the country. Presently, Practoil has structured a lubricating plant in Lagos, which is expected to produce multi-grade oils and lubricants. Shagaya, who is one of the directors in Unity Bank, also looms large within the real estate sector. She owns a sprawling estate in Abuja and many commercial properties in Lagos.