Alleged $6bn fraud: Witness exposes ex-minister, Agunloye’s suspicious payments

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Alleged $6bn fraud: Witness exposes ex-minister, Agunloye’s suspicious payments
Alleged $6Bn Fraud
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A prosecuting witness in the trial of former Minister of Power and Steel, Olu Agunloye, has disclosed how multiple transfers were made in favour of Agunloye by Jide Sotirin, a staff of Sunrise Power and Transmission Ltd.

Agunloye is facing prosecution by the Economic and Financial Crimes Commission, EFCC, on seven-count charges bordering on official corruption and fraudulent award of Mambila Power Project contract to the tune of $6 billion. He was arraigned before Justice Jude Onwuegbuzie of the FCT High Court sitting in Apo, Abuja.

“The bank further prepared a covering letter and certificate of identification with the requested documents, which was signed by Wale Agunbiade, and then dispatched to the EFCC.” When shown the acknowledgment copy of the said documents from the EFCC and GTB’s response by prosecution counsel, the witness confirmed that they were genuine, following which they were admitted by the court as exhibits.

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Alleged $6Bn Fraud

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