The Economic and Financial Crimes Commission, EFCC, has re-arraigned former Minister of Power and Steel, Olu Agunloye, before a Federal Capital Territory High Court in Abuja on a seven-count charge, including forgery, disobedience of presidential directives, and gratification.
Agunloye, who was first arraigned on 11 January 2024, was previously granted bail set at ₦50 million. The case centres on allegations that he awarded the $6 billion Mambilla hydropower contract to Sunrise Power and Transmission Company Limited on 22 May 2003 without budgetary provision, necessary approvals, or financial backing.
Also Read: Federal High Court Orders Forfeiture of Digital Assets Worth $222,729 Linked to Fraud
The former minister pleaded not guilty to the amended charges when they were read in court. Presiding judge Jude Onwugbuese adjourned proceedings until 24 February.
Leave feedback about this
You must be logged in to post a comment.