Former Minister of Power and Steel, Olu Agunloye, has been declared wanted by the Economic and Financial Crimes Commisison (EFCC) over alleged $6 billion fraud.
The EFCC disclosed this in a Public Notice on its Facebook account which reads; “Dr. U Agunloye is wanted by the EFCC. You know his whereabout? Please don’t hesitate to inform the EFCC or the nearest Police Station.”
According to sources, EFCC had before now invited Agunloye for questioning over his role in the $6 billion Mambila hydropower contract but he did not honour the invitation.
For those who don’t know, Agunloye served under former President Olusegun Obasanjo (1999 – 2003).
Agunloye, while serving under Obasanjo, the Mambilla power project was approved but allegedly without the approval of the Federal Executive Council (FEC).
However, Obasanjo, had in an interview revealed that he was not aware of the person that awarded the contract. He, therefore, challenged Agunloye to tell Nigerians where he got the authority to award a $6 billion contract to Sunrise Power and Transmission Ltd. in respect of the project in 2003.
But, Agunloye revealed that the nature of the initial contract for the Mambilla Power Project was awarded as a build-operate-and-transfer contract in May 2003 under his watch.