Ex-power minister opposes EFCC amended charge over alleged $6bn fraud

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Ex-power minister opposes EFCC amended charge over alleged $6bn fraud
Olu Agunloye
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A former minister of power, Olu Agunloye, has challenged the amended charge filed against him by the Economic and Financial Crimes Commission (EFCC) in an FCT High Court. He is standing trial over allegations of some infractions in the award of the $6 billion Mambilla hydropower plant in Taraba State.

A former minister of power, Olu Agunloye , has challenged the amended charge filed against him by the Economic and Financial Crimes Commission in an FCT High Court. He is standing trial over allegations of some infractions in the award of the $6 billion Mambilla hydropower plant in Taraba State.

alleged that Agunloye on May 22, 2003, awarded a contract titled “Construction of 3,960-megawatt Mambilla Hydroelectric Power Station on the build, operate. claimed that the transfer basis was to Sunrise Power and Transmission Company Limited without any budgetary provision, approval or cash backing. The commission also, among others, alleged that it traced some suspicious payments made by Sunrise Power and Transmission Company Limited to the former minister’s accounts. The defendant, however, pleaded not guilty to the charge.

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