The Economic and Financial Crimes Commission (EFCC) has revealed that N5.2 billion was wired to former Minister of Power and Steel, Olu Agunloye, from
The Economic and Financial Crimes Commission (EFCC) has revealed that N5.2 billion was wired to former Minister of Power and Steel, Olu Agunloye, from Jide Sotirin Abiodun, an employee of Sunrise Power and Transmission Ltd.
This transaction is linked to the $6 billion Mambilla Power Project contract award, which is at the center of corruption allegations against Agunloye.
According to EFCC testimony, Agunbiade, a former Compliance Officer at Guaranty Trust Bank, provided bank records showing multiple transfers and ATM withdrawals to Agunloye’s account in 2019.
– N3.6 million transferred from Jide Sotirin Abiodun to Olu Agunloye on August 10, 2019
– N500,000 transferred from Sotirin Jide Abiodun to Olu Agunloye on October 22, 2019
– N1,121,000 transferred from Leno to Olu Agunloye on November 13, 2019
Agunloye faces a seven-count charge for official corruption and fraudulent contract award. The case has been adjourned until October 21, 2024, for cross-examination.
The EFCC’s revelation sheds light on alleged corrupt practices surrounding the Mambilla Power Project, one of Nigeria’s most ambitious energy initiatives.
