Bola Shagaya Net Worth

by Bright

What is Bola Shagaya Net Worth ?


Keep reading to find more inform about Bola Shagaya Net Worth

Bola Shagaya Net Worth is $969 million


There is a popular saying that “what a man can do, a woman can do better”. Well, this is true in the case of one of the most richest and influential female entrepreneurs and business magnet, Bola Shagaya. Bola is a true definition of a virtuous woman. She is among the leading entrepreneurs in Nigeria and in Africa at large. Read Top 10 Richest Black Women in the World

When we talk of first-class importers and distributors in Nigeria, you can’t fail to include this woman of substance. I am sure you are already burning with zeal to know her worth. Read down to see what we have put down for you regarding her net worth, career, and life.

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Bola Shagaya Background

Hajia Bola MuinatShagayapopularly known as Bola Shagaya, was born on the 10th of October, 1959  in Ilorin, Kwara, Nigeria. Her father was a Public Servant by name EmenikeMobo while her mother was a seamstress in Sudan by name AdutMakur.

Shagaya attended Queens School in Ilorin before moving on to obtain a degree in Economics at Ahmadu Bello University in zaria and there after had her second degree in accountancy at Armstrong College in California.

Bola Shagaya Business Career

Bola Shagaya began her business career as an auditor at the Central Bank of Nigeria. She later switched her attention to commercial activities in 1983. She later delves into the distribution and importation of photographic materials where she introduced the Konica brand of Photographic materials into the Nigerian market and West Africa


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At present, she is the part of Unity Bank board of directors and has been on the seat as a board member for more than eight years. The newly inaugurated Neoad Business Group, Nigeria. Being a woman who is obsessed with fashion, Bola Shagaya is the grand patron of FADAN (Fashion Designers Association of Nigeria). She is also a Member of the Order of the Niger (MON), a title given to her by the past president GoodluckEbele Jonathan.

Bola Shagaya is the founder and CEO of Bolmus Group International, a conglomerate with holdings in real estate, oil and gas, banking, and photography. she is also the MD (Managing Director) of one of the largest importers and distributors of base oil in Nigeria, Practoil Limited. 


There were some controversies surrounding Bola Shagaya and her involvementin money laundering and was being investigated by the Economic and Financial Crime Commission (EFCC).


Bola Shagaya Family

Bola Shagaya is a proud mother of six children, who was is married to her beloved husband in the person of AlhajiShagaya, a Kwara State-based transport tycoon. Her children’s names are SherifShagaya, Hakeem Shagaya, DeejaShagaya, NaieemaShagaya, Amaya Roberts Shagaya, and Adeena Roberts Shagaya.

Bola Shagaya Net Worth

Bola Shagaya is currently one of the richest women in Nigeria and Africa with a net worth of $959 million.

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