The former Minister of Power and Steel, Mr. Olu Agunloye, has been charged with fraud by the Economic and Financial Crimes Commission (EFCC) before Federal High Court Judge Donatus Okorowo.
After being produced before the court on Wednesday, Agunloye, a Minister during the Obasanjo administration, entered a not-guilty plea to the allegations read against him.
He was detained in Kuje Correctional Center by the judge, awaiting the consideration of his bail application.
EFCC declared him wanted in connection with a $6 billion power scheme involving the Mambilla hydropower project. He has been fingered in the controversy about the Mambilla power project, especially by Obasanjo, who accused him of illegally awarding the scheme without approval by the Federal Executive Council.
However, Agunloye has denied any wrongdoing in the project and said that Obasanjo was merely distorting information against him.
Agunloye in a statement issued December 22, 2023, by his friend, Oluwafisan Bankale. said all players in the making of this fiasco must be identified publicly and brought to book.
According to him;
“Such a move at this moment provides this government the much-needed straw to clutch on to demonstrate its readiness, or otherwise, to rid our dear country of these debilitating problems of corruption hoisted on the German foundation of impunity.”
He argued that the charges of fraud and forgery against him will not stick, knowing who he is.
“My spirits are high and have been high all along. I am innocent of the charges brought against me by EFCC. I am innocent of the International Arbitration on the Mambilla Project in France. I came out of EFCC detention at about midday yesterday, 20th December. I thank God for His mercies and graciousness. I also thank my family members, friends, associates, and God-sent facilitators for their roles and concerns. May God bless them all. I am currently battling my health issues, which deteriorated very badly during the incarceration by EFCC,” Agunloye added.
The EFCC had rearrested the ex-minister on December 13, 2023, after getting an arrest warrant following allegations that Agunloye jumped bail.
