Skip to content
July 8, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

Watch Online
  • Home
  • National News
  • Alleged $6bn fraud: Court turns down ex-Power Minister’s request for medical trip
  • National News

Alleged $6bn fraud: Court turns down ex-Power Minister’s request for medical trip

Admin July 17, 2024
Scammers

EFCC office

July 17, 2024

A Federal Capital Territory (FCT) High Court on Wednesday refused to grant an application filed by Dr Olu Agunloye, a former minister of power and steel, seeking to travel abroad for medical treatment.

The Economic and Financial Crimes Commission (EFCC) is prosecuting him over certain infractions regarding the $6billion Mambilla Hydroelectric Power Station in Taraba .

Agunloye, who served as a minister in the administration of former President Olusegun Obasanjo, is being prosecuted by EFCC, on behalf of the Federal Government, before Justice Jude Onwuegbuzie.

He was charged in the suit, marked FCT/HC/CR/617/22, with a seven-count charge bordering on forgery, disobedience of presidential order and corruption.

He was alleged to have , among others, on May 22, 2003 awarded a contract titled “Construction of 3,960 megawatt Mambilla Hydroelectric Power Station on build, operate and transfer basis to Sunrise Power and Transmission Company Limited without any budgetary provision, approval and cash backing.

The prosecution also alleged that it traced some suspicious payments made by Sunrise Power and Transmission Company Limited to the former minister’s accounts.

The defendant, however, pleaded not guilty to the charge.

Delivering a ruling, Justice Jude Onwuegbuzie, held that the defendant failed to adduce sufficient evidence to show that his ailment could not be treated by a hospital in Nigeria.

He therefore dismissed his application to travel abroad for medical treatment.

The judge subsequently, adjourned until Sept 23 for continuation of trial.

On January 11, Agunloye was arraigned on a seven-count charge bordering on fraudulent award of contract and official corruption.

The court admitted him to bail in the sum of N50 million.

The court also seized his passport as one of the bail conditions.

Agunloye, through his counsel, Adeola Adedipe, SAN, had applied for the release of his passport to enable him travel.

At the last adjourned date, Adedipe said his client needed urgent medical attention abroad.

Some of the documents tendered by the defence lawyer included medical reports from University College Hospital, Ibadan and the NISA Premier Hospital, Abuja.

The defendant also included a letter from the Federal Road Safety Commission (FRSC) and an invitation from a foreign medical analyst requesting him to travel abroad for an urgent medical evaluation.

However, the application was opposed by the EFCC which claimed the former minister was a flight risk, having amply demonstrated unwillingness to present himself for trial until he was declared wanted.(NAN)

Tags: EFCC Ola Ogunloye olusegun obasanjo

Post navigation

Previous Senate passes N6.2trn Appropriation Act amendment bill for second reading
Next NDLEA auctions properties forfeited by drug cartels

Related Stories

Police arrest pupil’s parents, aunt over teacher’s death in Kogi Police
  • National News

Police arrest pupil’s parents, aunt over teacher’s death in Kogi

July 8, 2026
Beyond the Numbers: Nigeria Rallies ‘Whole-of-Society’ Force to Battle Evolving Drug Crisis
  • National News

Beyond the Numbers: Nigeria Rallies ‘Whole-of-Society’ Force to Battle Evolving Drug Crisis

July 8, 2026
AfDB, Nigeria, UN women inaugurate gender equality roadmap to 2030 Africa
  • National News

AfDB, Nigeria, UN women inaugurate gender equality roadmap to 2030

July 8, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

30 vessels to arrive Lagos ports with petroleum products, other items greater efficiency
  • Business & Economy

30 vessels to arrive Lagos ports with petroleum products, other items

July 8, 2026
Police arrest pupil’s parents, aunt over teacher’s death in Kogi Police
  • National News

Police arrest pupil’s parents, aunt over teacher’s death in Kogi

July 8, 2026
Ogun guber: Yewa leaders, youths, others endorse PDP candidate Adebutu
  • Politics

Ogun guber: Yewa leaders, youths, others endorse PDP candidate Adebutu

July 8, 2026
IMF Projects Nigeria’s Economy to Grow 4.1% in 2026 Amid Global Slowdown
  • Business & Economy

IMF Projects Nigeria’s Economy to Grow 4.1% in 2026 Amid Global Slowdown

July 8, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.