EXPOSED: N0.5.2Billion Was Wired to Minister Olu Agunloye From $6bn Mambilla Project Fraud – EFCC Reveals

The Economic and Financial Crimes Commission (EFCC) has revealed that N0.5.2 Billion was wired to former Minister of Power and Steel, Olu Agunloye, from Jide Sotirin Abiodun, an employee of Sunrise Power and Transmission Ltd, according to Daily Post.

This transaction is linked to the $6 billion Mambilla Power Project contract award, which is at the center of corruption allegations against Agunloye.

According to EFCC testimony, Agunbiade, a former Compliance Officer at Guaranty Trust Bank, provided bank records showing multiple transfers and ATM withdrawals to Agunloye’s account in 2019. …CONTINUE READING