EFCC Re-arraigns Agunloye On  Seven Amended Charges On Alleged $6bn Fraud

EFCC has re-arraigned Agunloye on seven amended charges on alleged $6bn fraud.

 

NewsOnline Nigeria reports that the Economic and Financial Crimes Commission, EFCC, on Monday, February 3, 2024, re-arraigned a former Minister of Power and Steel Development, Olu Agunloye on seven-count amended charges bordering on fraudulent award of contract and official corruption before Justice J.O Onwuegbuzie of the Federal Capital Territory, FCT,  High Court, Apo, Abuja.

The re-arraignment was sequel to the amendment of the earlier charges dated January 10, 2024

 

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Count one read “That you, Olu Agunloye, whilst being the Minister of Power and Steel on or about the 22nd of May, 2003 in Abuja within the jurisdiction of this Honourable Court awarded a contract titled “CONSTRUCTION OF 3,960MW MÅMBILLÅ HYDROELECTRIC POWER STATION ON BUILD, OPERATE AND TRANSFER BASIS” to Sunrise Power and Transmission Company Limited without any budgetary provision, approval and cash backing and you thereby committed an offence contrary to and punishable under Section 22(4) of the Corrupt Practices and other Related Offences Act, 2000.

 

Count two reads “That you, Olu Agunloye, whilst being the Minister of Power and Steel on or about the 22nd of May, 2003 in Abuja within the jurisdiction of this Honourabte Court knowingly disobeyed the directive of the President made at the Federal Executive Council meeting of the 21 st May, 2003 directed at you pursuant to the President’s powers under Section 5(1 )(a) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) when you signed a letter addressed to Sunrise Power and Transmission Company Limited conveying the “approval of the Government of the Federal Republic of Nigeria for the construction of the 3, 960 megawatts Mambilla Hydroelectric Power Station” and you thereby committed an offence contrary to and punishable under Section 123 of the Penal Code Law.