The Economic and Financial Crimes Commission (EFCC) on Thursday, September 18, 2025, re-arraigned former Minister of Power and Steel, Dr. Olu Agunloye, before Justice Jude Onwuegbuzie of the Federal High Court, Apo, Abuja, on an amended seven-count charge.
Agunloye is accused of official corruption and the fraudulent award of the $6 billion Mambilla Hydroelectric Power Project contract in 2003.
One of the counts alleged that, while serving as Minister, Agunloye knowingly disobeyed a directive of the President conveyed at the Federal Executive Council meeting of May 21, 2003, when he approved a contract for Sunrise Power and Transmission Company Limited to construct the 3,960MW project.
Another charge alleged that he, in collaboration with Leno Adesanya of Sunrise Power (currently at large), used a false document titled “Construction of 3,960MW Mambilla Hydroelectric Power Station on a Build, Operate and Transfer Basis” to mislead the Federal Government into entering the contract.
Agunloye pleaded not guilty to all charges. EFCC counsel, M.K. Hussein, thereafter requested a date for continuation of the testimony of the third prosecution witness.
Justice Onwuegbuzie adjourned the matter to October 9, 2025, for trial continuation.
