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The Financial and Monetary Crimes Fee (EFCC) granted bail to Olu Agunloye, the previous Minister of State for Energy, only one week after his preliminary detention.
Dele Oyewale, the spokesman for the Financial and Monetary Crimes Fee (EFCC), knowledgeable Channels Tv that Agunloye was launched on Wednesday.
The EFCC not too long ago introduced Agulonye as wished in connection to an alleged $6 billion fraud linked to the contentious Mambilla hydropower challenge.
The anti-corruption company prompted anybody with worthwhile details about his location to achieve out. In a previous encounter in September, the previous minister had been interviewed by the EFCC concerning the an identical difficulty.
Backstory
- Obasanjo had accused Agunloye of mismanagement and insufficient briefings concerning the ability 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 elucidate.
- In his response, Agunloye mentioned the character of the preliminary contract for the Mambilla Energy Undertaking was awarded as a Construct, Function and Switch contract in Could 2003 beneath his watch.
- He mentioned the federal government was not obliged to pay a kobo to Dawn beneath the construct, function and switch (BOT) settlement because it was to be totally funded by the newly registered firm, whose declared property had been value lower than $2,000 on the time.
- Nevertheless, Agunloye avoided disclosing the main points 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 concerning the controversy and a questionable cost allegedly linked to his checking account.
- The cost 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 additional investigation by EFCC appeared to indicate that Agunloye spent the cash on procuring 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 relationship again to the 2000s.
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