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EFCC Re-arraigns Ex-minister Over Alleged $6bn Mambilla Fraud

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The Economic and Financial Crimes Commission has re-arraigned former Minister of Power and Steel, Olu Agunloye, before Justice Jude Onwuegbuzie of the Federal High Court sitting in Apo, Abuja.

Agunloye was accused in an amended seven-count charge over the alleged fraudulent award of the Mambilla Hydroelectric Power Project contract worth $6 billion.

EFCC disclosed this in a statement on its X handle on Thursday.

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Count one reads: “That you, Olu Agunloye, whilst being the Minister of Power and Steel on or about the 2nd of May, 2003 in Abuja within the jurisdiction of this Honorable Court, knowingly disobeyed the directive of the President, made in the Federal Executive Council meeting of 21st May 2003, directed at you pursuant to the Presidents’ powers under Section 5(1) (a) of the Constitution of the Federal Republic of Nigeria 1999 (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.”

READ ALSO:$6bn Mambilla Project: Court Fails To Hear Agunloye’s Preliminary Objection

Count Four reads: “That you, Olu Agunloye whilst being the 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) used as genuine, a false document titled, “Construction of 3,960mw Mambilla Hydroelectric Power Station on a Build, Operate and Transfer Basis,” dated the 22nd of May, 2003, and thereby committed an offence contrary to Section 366 and punishable under Section 364 of the Penal Code.”

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Agunloye pleaded not guilty to all counts.

EFCC counsel M.K. Hussein told the court he was ready to continue the testimony of the third prosecuting witness.

READ ALSO:JUST IN: Ex-minister, Agunloye Released From Prison

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He asked for a date for the continuation of the trial.

Justice Onwuegbuzie adjourned the matter to 9 October 2025 for the continuation of trial.

The PUNCH reports that a key witness in the case, Adewale Agunbiade, in September 2024, told the court that N5.2 million was wired into an account belonging to Agunloye, in connection with the Mambilla Power Project contract.

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Agunbiade alleged that the transaction formed part of the purported corrupt dealings underlying the contract’s award.

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BREAKING: BIZARRE! Millions Lost As Delta Man Sets Own Shop Ablaze

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A yet-to-be-identified man suspected to have taken hard drugs on Tuesday night set his own furniture shop ablaze in the Saniko community, Agbarah-Otor, in Ughelli North Local Government Area of Delta State.

The man, believed to be in his 40s, our source said set the furniture shop containing modern furniture worth millions of naira ablaze, and chased anyone who attempted to intervene with matchett until he was overpowered by the community youths.

Our source who does not want his name in print narrated via the phone: “It actually happened this night. Nobody knows what fell on him to have set his own shop ablaze, but the belief his that he must have taken some hard drugs.

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READ ALSO:Nigerian Govt Launches LG Proof Of Address To Improve Citizen Identification

“The man should be in his 40s. He set the shop ablaze, and when people attention was drawn to it, they rushed there but he chased them with cutlass. He was chasing people with cutlass until the youth mobilised and overpowered him, and as I speak with you, he has been tied down, naked.

“I don’t know his name, and nobody has identified with him as a relation, but the point is, millions have been lost. All the modern furniture in the shops have turned to ashes. The shop is completely burnt down.”

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Contacted on the phone, Delta State Police Command Public Relations Officer, Bright Edafe said the Command was not aware of the incident.

He said: “Inasmuch he set his own shop ablaze, and nobody died, nobody will come to the Police to report it. And since nobody will come to report such an incident to the Police, it’s assumed the Police are not aware.”

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Seven Journalists On Their Way To Colleague’s Marriage, FG Reacts

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The Nigerian government, through the Minister of Information and National Orientation, Mohammed Idris, has expressed deep shock and sorrow over the tragic death of seven journalists who were confirmed killed in a lone road crash in the Gombe South area of Gombe State on Monday.

The incident occurred on Monday evening as the journalists were returning from a wedding ceremony in the Gombe South Senatorial District. They were said to have traveled in solidarity with a colleague from the Nigerian Television Authority, NTA, who was getting married.

According to preliminary information from the Gombe State Sector Commander of the Federal Road Safety Corps, Samson Kaura, the crash was fatal.

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READ ALSO:Syrian Ex-leader Assad Faces War Crime Charges For Killing Journalists

The Minister described the tragedy as a heartbreaking loss to the media community and the nation, noting that the journalists were committed voices who informed the public with courage, integrity, and professionalism.

This is a harrowing moment. Nigeria has lost dedicated voices who informed, educated, and stood for truth. Their passing is a heavy blow to us all,” he said.

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The Minister extended his condolences to the Nigeria Union of Journalists (NUJ), the Gombe State Council, and especially to the families, friends, and colleagues of the deceased. He prayed that God would grant them the strength to bear the painful loss.

READ ALSO:Moment Nigerians Rescued Anthony Joshua After Accident On Lagos–Ibadan Expressway [VIDEO]

Our thoughts and prayers are with their families and loved ones. May Almighty God grant them comfort and grant the souls of the departed eternal rest,” he added.

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We stand in solidarity with the NUJ and the entire media community at this difficult time. We must continue to work together to improve safety measures for those who serve the nation daily,” he said.

He assured that the Federal Government stands with the bereaved families and the media community during this moment of grief. May the souls of the departed rest in perfect peace.

 

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VIDEO: Chaos As Last-minute Shoppers Overwhelm Lagos Balogun Market

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Large crowds on Tuesday overwhelmed Balogun Market on Lagos Island as residents trooped out in their numbers for last-minute year-end shopping, crippling movement around the commercial hub.

A viral video making the rounds online showed extreme congestion within and around the market, with traders and shoppers barely able to move as they jostled for limited space in one of Lagos’ busiest trading centres.

The footage captured scenes of tightly packed walkways and stalled human traffic, as buyers scrambled to complete end-of-year purchases ranging from clothes and shoes to household items.

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The gridlock is largely being blamed on Nigerians’ long-standing culture of last-minute shopping, often described as “panic buying,” where many delay festive purchases until the final days of the year.

READ ALSO: Christmas: Otuaro Preaches Peace, Unity In N’Delta, Hails Tinubu’s Support For PAP

Balogun Market, known for its wholesale and retail activities, traditionally experiences a spike in patronage toward the end of the year.

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As of the time of reporting, no incidents had been confirmed, though the situation highlights the recurring challenge of overcrowding during peak festive periods in Lagos.

Watch the video below:

 

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