The Economic and Financial Crimes Commission (EFCC) has released a former Minister of State for Power, Olu Agunloye, on bail one week after he was detained.

EFCC Spokesman, Dele Oyewale, told Channels Television that Agunloye was released on Wednesday.

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

The anti-graft agency had 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). He 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.

https://www.channelstv.com/2023/12/20/efcc-releases-ex-power-minister-agunloye-on-bail/?fbclid=IwAR2iBfMxhCSN2lnCNG2juIn3iylY97biGcUJExoC7-Y2Uu27u8Hspv27-JU

Previous Thread:
https://www.nairaland.com/7939341/dr-olu-agunloye-wanted-efcc#127456567

What happened to Nairaland?

Mods working furiously. Ndo!
I missed this site though.
I hope you guys will stop being tribalistic. Did you miss yabs?

If all the monies stolen from Nigeria was recovered and put into appropriate channels, Nigeria would've been competing with Dubai. Also, offenders should be beheaded or an arm cut off. We need drastic measures to curb theft and public looting.

Seun, I hope you have learnt your lesson. Some of us have seen danger ahead but you refused to heed. Take heed. May affliction not rise again.

GoWithGood:
What happened to Nairaland?

The site was taken off the air because of an unattended to abuse report on the 14th of December that Seun did not attend to on time, so the site got banned by the host.

Check Seun's X handle for details of the story

GoWithGood:
What happened to Nairaland?

It was taken down by the owners of the server hosting the website.

The reason for taking down the website was a case of human right abuse which was reported by a user to the owner of the website.

Because the owner failed to do anything about it, the user forwarded the case the the domain providers. They were the ones who took down the website.

Glad naira land is back online and has been released too after being offline for days

All this thing na just noise

Meanwhile yahoo boys are spending years in prison.

Oh

EFCC chasing clout

omo

He should be treated like a common criminal and sentence to prison perpetual. Others who have criminal mindsets to loot and steal will learn lesson from him. Ndi oshi! barawo! ole!

Hmmm

GoWithGood:
What happened to Nairaland?

NAIRALAND DIED AND ROSE AGAIN IN 3 DAYS ACCORDING TO THE SCRIPTURES

Ngbatti Ngbatti government.

Welcome back so what happened all this while

Good. Some people are trying really hard to make Agunloye the fall guy for this 20 year old scam.

https://thebossnewspapers.com/2018/04/28/world-exclusive-how-cabal-corruption-stalled-mambilla-hydropower-project-the-abba-kyari-fashola-and-malami-connection-plus-fg-may-lose-2bn/

1. Leno Adesanya was a welcome visitor in Aso Rock.

Prior to the official tender process, Sunrise started promoting the Mambilla Project as early as year 2000. It reportedly engaged the offices of former President Olusegun Obasanjo and former Vice President Atiku Abubakar as well as the Nigerian Embassy in China.

Its successful promotion of the project led to the first state visit of then President Obasanjo to China in 2001 and Vice President Atiku in 2002.

It was thereafter, that a bidding process was opened for the project and the Ad-Hoc Inter-Ministerial Committee recommended Sunrise and its Chinese Partners. On April 7, 2003, the Committee wrote the President for approval to officially issue an award letter.

Therefore, on May 22, 2003, the then Federal Ministry of Power and Steel (Now Part of the new Ministry of Power, Works and Housing) issued a letter of Award to Sunrise Power and Transmission Company Limited in consortium with North China Power Group as Technical Partners. The contract was for the construction of a 3, 960MW Hydroelectric Power Project in Mambilla on a Build, Operate and Transfer (BOT) arrangement for a provisional six billion dollars. Sunrise accepted the offer.

2. A day to the end of OBJ's tenure, he awards a portion of the contract to another company.

Nothing was heard on the project until May 29, 2007 when, allegedly influenced by a Senior Government official, the Government awarded a part of the SUNRISE contract (Lot I, Civil/Hydraulic Steel Structures) of the (2,600MW Mambilla Hydroelectric) First Phase of the project to Messrs CGGC/CGC Ltd, in the sum of US$1.46billion.

3. The late Yar'Adua cancels the contract after petition from Leno Adesanya.

Late President Umaru Musa Yar ‘Adua directed the Federal Ministry of Justice to investigate the Breach of Contract and USD 960 Million (Nine Hundred and Sixty Million United States Dollars) damage claim filed by Sunrise, and a Report (a copy of which is in our possession) from the Federal Ministry of Justice Indicted the Federal Ministry of Energy and CGGC/CGC of Gross Violation of Sunrise’s BOT Contract.

Following a Presidential Visit to China in 2008, word reached late President Yar’Adua about an alleged $15m bribery that led to the award of the $1.46 billion contract to CGGC/CGC on May 29, 2007.

Late President Yar’Adua, we gathered then invited Sunrise, then Minister of State, Power (Late Hajiya Fatima Balaraba Usman), Minister of State and the accused Presidential official for a meeting.

After the meeting, President Yar Adua instructed then Attorney-General, Mr. Michael Aondoaka, SAN, to cancel the CGGC/CGC contract and restore the BOT Contracts to Sunrise immediately which was done at the Vice President’s Conference room in the presence of all Directors and Permanent Secretaries of both the Ministry of Power and the Ministry of Justice.

Do the maths.

This country is gone

Politicians steal public funds, they are arrested years later and released after settling EFCc

Let's go

GoWithGood:
What happened to Nairaland?

Was nuked for abuse by the domain registrar.

The black vultures of Nigeria.
Big time scavengers.

GoWithGood:
What happened to Nairaland?

Was temporarily nuked for abuse by the domain registrar.