EFCC Declares Ex-Power Minister Agunloye Wanted For Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has declared a former Minister of Power and Steel, Olu Agunloye, wanted over alleged $6 billion fraud.

The anti-graft agency, in a post on its verified Facebook page, urged Nigerians who know the whereabouts of Agunloye to inform the EFCC or report to the nearest police station.

“Dr. U Agunloye is wanted by the EFCC. You know his whereabouts? Please don’t hesitate to inform the EFCC or the nearest Police Station,” the post reads.

The EFCC had invited Agunloye for questioning over his role in the $6 billion Mambilla hydropower contract.

Former President Olusegun Obasanjo had accused Agunloye of mismanaging the power project during his tenure from 1999 to 2003 and failed to brief him on the state of the project.

Obasanjo had accused Agunloye of fraudulently awarding the contract for the power project to Sunrise Power and Transmission Ltd, without the approval of the Federal Executive Council (FEC).

Earlier, the EFCC quizzed the former minister over the controversy and a suspicious payment that was reportedly traced to his bank account.


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