An Economic and Financial Crimes Commission, EFCC witness, Adewale Agunbiade, has revealed how the former Minister of Power and Steel, Olu Agunloye allegedly received N5.2 million from Jide Sotirin Abiodun, a staff of Sunrise Power and Transmission Ltd in multiple transfers and Automated Teller Machine, ATM, withdrawals.
Agunloye is being prosecuted by the EFCC on seven-count charges, bordering on official corruption and fraudulent award of the Mambilla Power Project contract to the tune of $6 billion to Sunrise Power and Transmission Ltd. The witness, who appeared before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court, sitting in Apo, Abuja, was a Compliance Officer, formerly with Guaranty Trust Bank, GTB.
'The last five transactions were ATM cash withdrawals of N30,000 each. The last transaction on 10 August 2019 was a transfer of N3,600,000.00 from Sotirin Jide Abiodun to Olu Agunloy”, he said. Speaking further, he disclosed that Agunloye received significant financial transfers in 2019. On October 22, 2019, he got N500,000 from Sotirin Jide Abiodun. Another transfer of N1,121,000 came from Leno on November 13, 2019, also from Jide Sotirin.
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