The Economic and Financial Crimes Commission, EFCC, has arraigned a former Minister of Power and Steel Development, Olu Agunloye before Justice J.O Onwuegbuzie of the Federal Capital Territory, Federal Capital Territory, High Court, Apo, Abuja.
He was arraigned on Wednesday, January 10, 2024 on a seven-count charge bordering on fraudulent award of contracts and official corruption.
One of the counts 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 honourable court awarded a contract, titled “Construction of 3,960mw Mambilla Hydroelectric Power Station on a 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.”
