HomeNewsEx-Power Minister Olu Agunloye Detained On $6bn Power Fraud

Ex-Power Minister Olu Agunloye Detained On $6bn Power Fraud

The Economic and Financial Crimes Commission (EFCC) has confirmed the detention of a former Minister of State for Power Olu Agunloye days after he was declared wanted.

A source in the anti-graft agency told Channels Television on Tuesday that Agunloye has been detained since 13 December 2023.

“He has been with the EFCC since December 13th,” the source said. “But it was not made public.”

The EFCC had about a week ago declared Agulonye wanted over an alleged $6 billion fraud related to the controversial Mambilla hydropower project.

“The public is hereby notified that Olu Agunloye, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission (EFCC) in an alleged case of corruption and forgery,” the agency wrote on its social media platforms.

It urged anyone “with useful information as to his whereabouts” to contact the agency. The EFCC had in September questioned the former minister over the same issue.

Agunloye was a Minister under President Olusegun Obasanjo’s government (1999-2003) and has been at the centre of the controversy about the Mambilla project.

Obasanjo had accused him of fraudulently awarding the contract for the project without the Federal Executive Council (FEC) approval. But Agunloye denied the accusations and claimed the former President was distorting facts.


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