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The Financial and Monetary Crimes Fee (EFCC) has declared a former Minister of Energy and Metal, Olu Agunloye, needed over an alleged $ 6 billion fraud.
Agunloye, former minister of energy underneath President Olusegun Obasanjo, was on the centre of the $6 billion Mambilla hydropower contract controversy and had been quizzed by the Financial and Monetary Crimes Fee (EFCC) over the affair through the years.
The fee, by way of its official X (previously Twitter) platform, known as on Nigerians to report Agunloye’s whereabouts to the closest police station or notify the EFCC.
The EFCC acknowledged:
- “Dr U Agunloye is needed by the EFCC. Are you aware his whereabouts? Please don’t hesitate to tell the EFCC or the closest Police Station.”
WANTED BY THE EFCC: OLU AGUNLOYE
Anybody with helpful data as to his whereabouts ought to contact the EFCC or the closest police station.#SayNoToCorruption#TowardsABetterNigeria pic.twitter.com/TYcSOzwrZW
— EFCC Nigeria (@officialEFCC) December 13, 2023
Backstory
Obasanjo had accused Agunloye of mismanagement and insufficient briefings relating to the facility challenge throughout his 1999-2003 time period.
Obasanjo raised doubts about Agunloye’s authority in granting a $6 billion contract to Dawn Energy and Transmission Ltd for the challenge in 2003, urging him to clarify.
In his response, Agunloye mentioned the character of the preliminary contract for the Mambilla Energy Challenge was awarded as a Construct, Function and Switch contract in Might 2003 underneath his watch.
He mentioned the federal government was not obliged to pay a kobo to Dawn underneath the construct, function and switch (BOT) settlement because it was to be absolutely funded by the newly registered firm, whose declared property have been value lower than $2,000 on the time.
Nevertheless, Agunloye avoided disclosing the small print of the authorization he acquired to undertake a $6 billion authorities challenge, particularly noteworthy given Obasanjo’s coverage limiting ministerial approval to not more than N25 million.
In the meantime, the EFCC interrogated the ex-minister relating to the controversy and a questionable fee allegedly linked to his checking account.
The fee with the outline “FRM LENO” was allegedly traced to his account after he dedicated the federal authorities to the disputed contract awarded to Dawn Energy Ltd, promoted by Leno Adesanya.
Nevertheless, an extra investigation by EFCC appeared to indicate that Agunloye spent the cash on buying and transportation round Orlando, Florida, in the US, and never on medical bills.
The invention of the financial institution transfers was mentioned to have triggered one other investigation courting again to the 2000s.
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