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From Sola Ojo, Abuja
The Economic and Financial Crimes Commission (EFCC) has re-arraigned a former Minister of Power and Steel, Olu Agunloye, on fresh charges linked to the controversial $6 billion Mambilla Power Project.
Agunloye was brought before Justice Jude Onwuegbuzie of the Federal High Court, Apo, Abuja, on Thursday, September 18, 2025, to face an amended seven-count charge bordering on official corruption and fraudulent contract award.
One of the charges alleged that on May 2, 2003, while serving as minister, Agunloye knowingly disobeyed a directive of the then President conveyed at a Federal Executive Council (FEC) meeting when he approved a letter granting Sunrise Power and Transmission Company Limited the right to construct the 3,960MW Mambilla Hydroelectric Power Station.
The EFCC said his action violated Section 123 of the Penal Code.
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Another charge accused him, in collaboration with Sunrise chairman Leno Adesanya (currently at large), of presenting a false document to make the Federal Government enter into a contract with the company on May 22, 2003.
The document, titled “Construction of 3,960MW Mambilla Hydroelectric Power Station on a Build, Operate and Transfer Basis,” was allegedly used fraudulently in the deal.
Agunloye pleaded not guilty to all the charges.
Following his plea, EFCC counsel M.K. Hussein requested a date for the continuation of the testimony of the third prosecution witness.
Justice Onwuegbuzie subsequently adjourned the matter to Wednesday, October 9, 2025, for further hearing.
