• Latest
  • Trending
Mambilla Power Project: Agunloye Counters Obasanjo’s Claim Over $6b Contract

Alleged $6bn Fraud: EFCC re-arraigns Fmr. Minister on 7-amended charges

February 4, 2025
Police Rescue 10 Abducted NYSC Members As Search Continues

Police Rescue 10 Abducted NYSC Members As Search Continues

October 2, 2026
Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

October 2, 2026
Obi Questions Tinubu’s Move To Block Records In Foreign Court

Obi Pledges To Spend Holidays In Nigeria If Elected In 2027

October 2, 2026
Family, friends gather for Olu Jacobs funeral in Lagos

Family, friends gather for Olu Jacobs funeral in Lagos

October 2, 2026
Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

October 2, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
UK Swears In New Attorney, Solicitor General

UK Swears In New Attorney, Solicitor General

October 2, 2026
FG Warns Nigerians Over Fake Passport Websites

UK Passport Intervention: 8,956 Nigerians Enrolled In 21 Days

October 2, 2026
Nigerian Pilgrim Dies In Makkah

2027 Hajj: Nigeria Gets Additional 10,000 Slots From Saudi Arabia

October 2, 2026
Carter Efe Beats Speed Darlington To Retain Celebrity Boxing Title

Carter Efe Beats Speed Darlington To Retain Celebrity Boxing Title

October 2, 2026
ADVERTISEMENT
  • Privacy Policy
    • Home
      • Contact Us
  • Advert Rates
Saturday, October 3, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result
Home News

Alleged $6bn Fraud: EFCC re-arraigns Fmr. Minister on 7-amended charges

by Present Nigeria
February 4, 2025
in News
0
Mambilla Power Project: Agunloye Counters Obasanjo’s Claim Over $6b Contract
34
SHARES
68
VIEWS
FacebookTwitterWhatsappTelegram

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

RelatedPosts

Police Rescue 10 Abducted NYSC Members As Search Continues

Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

Obi Pledges To Spend Holidays In Nigeria If Elected In 2027

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.

Count four reads “That you, Olu Agunloye (former Minister of Power and Steel) and Leno Adesanya (at large) of Sunrise Power and Transmission Company Limited, on or about the 22nd of May, 2003 in Abuja within the jurisdiction of this Honourable Court, with intent to cause the Federal Republic of Nigeria (FRN) to enter into a contract with Sunrise Power and Transmission Company Limited (SPTCL) made a false document tiled “CONSTRUCTION OF 3,960MW MÅMBILLÅ HYDROELECTRIC POWER STATION ON BUILD, OPERATE TRANSFER BASIS” and dated the 22nd of May, 2003 and thereby committed forgery contrary to and punishable under Sections 363 and 364 of the Penal Code.

He pleaded not guilty to the respective charges when read to him.

Adewale Agunbiade, a prosecuting
witness, PW2 and a Compliance Officer, formerly with Guaranty Trust Bank, GTB, but now with Jaiz Bank Plc was cross examined by defense counsel Adeola Adedipe, SAN.
The matter was adjourned to February 24, 2025 for continuation of trial.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Like this:

Like Loading...

Related

Share14Tweet9SendShareShare2
Previous Post

We have no power to appoint or remove IGP- Police Service Commission

Next Post

Alleged cybercrime: Court orders interim forfeiture of $222,729 worth of digital assets

Related Posts

Police Rescue 10 Abducted NYSC Members As Search Continues

Police Rescue 10 Abducted NYSC Members As Search Continues

October 2, 2026
Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

October 2, 2026
Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

October 2, 2026
UK Swears In New Attorney, Solicitor General

UK Swears In New Attorney, Solicitor General

October 2, 2026
Next Post
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Alleged cybercrime: Court orders interim forfeiture of $222,729 worth of digital assets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

Police Rescue 10 Abducted NYSC Members As Search Continues

Police Rescue 10 Abducted NYSC Members As Search Continues

October 2, 2026
Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

October 2, 2026
Obi Questions Tinubu’s Move To Block Records In Foreign Court

Obi Pledges To Spend Holidays In Nigeria If Elected In 2027

October 2, 2026

© 2025 Present Nigeria. All Rights Reserved.

  • Privacy Policy
  • Advert Rates

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.

%d