Breaking News

BREAKING: Former Minister Agunloye Speaks On $6bn Fraud Allegations Labelled Against Him By EFCC

The former Minister of Power and Steel, Mr. Olu Agunloye, accused of involvement in a $6 billion contract fraud, has filed a motion challenging the authority of the Economic and Financial Crimes Commission (EFCC) to prosecute him. The High Court of the Federal Capital Territory in Apo has set February 26 as the date to hear this motion.

The EFCC alleges that Agunloye, who served as a Minister between 1999 and 2003, illegally awarded a contract for the construction of a 3,960 MW Mambilla Hydroelectric Power Station without proper budgetary provision, approval, or cash backing. The contract was awarded to Sunrise Power and Transmission Company Limited, with accusations that Agunloye corruptly received a kickback of N3.6 million from the company.

PAY ATTENTION:  BREAKING: Otedola reveals why he moved to control Transcorp, claims Elumelu betrayed him in business deals

In response, the 76-year-old defendant, also a former Minister of State for Defence, entered a plea of not guilty to the seven-count charge. In a recent court session, Agunloye, through his lawyer, Mr. Adeola Adedipe, SAN, raised concerns about the EFCC’s authority to try him for these offenses.

PAY ATTENTION:  BREAKING: Tenant disappears with sons of landlord, neighbour 3 days after renting apartment

Arguing that the agency lacks investigative and prosecutorial powers under relevant sections of the EFCC Act, 2004, Agunloye emphasized that the charges pertain to his actions as a public officer, alleged disobedience to presidential directives, and the alleged forgery of a letter in 2003, which he believes do not constitute financial crimes within the EFCC’s jurisdiction.

PAY ATTENTION:  Current Prices of Palm Oil in Nigeria Today (October 2023) Nigerian Price

The defendant asserts that the EFCC’s investigation and prosecution are beyond its statutory powers, and he urges the court to determine the agency’s competence to pursue the case. Additionally, Agunloye filed a separate motion seeking an order to prevent the EFCC from inviting, intimidating, or harassing his sureties.

Related posts

I Might Go Into Politics – Seyi Awolowo

RecentGist

Motorists, Commuters Stranded As Flood Overruns Onitsha-Owerri

RecentGist

Koffi Olomide’s Dress Code, High Heels During Peace Concert Elicits Mixed Reactions

RecentGist

BREAKING: Anarchy Looms As Sacked Abuja Market Mgt MD Storms Complex, Locks Out New MD

RecentGist

BREAKING: Governor Sanwo-Olu Presents N10 Million to LASU’s Top Law Graduate, Aminat Yusuf Imoitsemeh, Achieving a Perfect CGPA of 5.0

RecentGist

BREAKING: Major General Ochai appointed Commandant, Nigerian Defence Academy – NDA

RecentGist

BREAKING: The People Who Voted For Tinubu Are In The Minority, 63% Of The Voters Did Not Vote For Him – Osita Chidoka

RecentGist

A Guy will not miss you if you don’t do these things

RecentGist

BREAKING: What Tribunal Just Did To Tambuwal’s Election As Sokoto South Senator

RecentGist