Skip to content
August 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
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)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
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

FCTA reseals orphanage for illegal operation, alleged child trafficking children
  • National News

FCTA reseals orphanage for illegal operation, alleged child trafficking

August 19, 2026
Buni meets Nigerian refugees in Chad, assures support ahead of repatriation governor mai mala buni
  • National News

Buni meets Nigerian refugees in Chad, assures support ahead of repatriation

August 19, 2026
FG moves to decriminalise attempted suicide
  • National News

FG moves to decriminalise attempted suicide

August 19, 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

FCTA reseals orphanage for illegal operation, alleged child trafficking children
  • National News

FCTA reseals orphanage for illegal operation, alleged child trafficking

August 19, 2026
Buni meets Nigerian refugees in Chad, assures support ahead of repatriation governor mai mala buni
  • National News

Buni meets Nigerian refugees in Chad, assures support ahead of repatriation

August 19, 2026
FG moves to decriminalise attempted suicide
  • National News

FG moves to decriminalise attempted suicide

August 19, 2026
Zamfara Government Records 290,000 IDPs Amid Escalating Security, Humanitarian Crisis zamfara state
  • National News

Zamfara Government Records 290,000 IDPs Amid Escalating Security, Humanitarian Crisis

August 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.