Skip to content
July 17, 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 Mambilla Power Fraud: FEC Directed Agunloye to Withdraw Award of Contract -Witness
  • National News

Alleged $6bn Mambilla Power Fraud: FEC Directed Agunloye to Withdraw Award of Contract -Witness

Admin February 18, 2026
Scammers

EFCC office

The Third Prosecuting Witness, PW3, Umar Hussein Babangida in the ongoing trial of former Minister of Power and Steel, Olu Agunloye, on Tuesday, restated before Justice Jude Onwuegbuzie of the Federal High Court, sitting in Apo, Abuja that Agunloye was directed by the Federal Executive Council, FEC, under former President Olusegun Obasanjo to withdraw the memo of award of Mambilla Power Project contract to Sunrise Power Transmission Company Limited.

In a statement by the Economic and Financial Crimes Commission, EFCC, under cross-examination by defence counsel, Adeola Adedipe, SAN, the witness, an officer of the Agency, disclosed that FEC never asked the defendant to reduce the approval to 10 per cent government equity participation but rather directed him to withdraw the award memo.

Asked if he had come across an opinion letter contained in “Exhibit EFCC 3s” by a former Attorney General of the Federation, Michael Aondoakaa, SAN to the Federal Government for the revival of the contract award to Sunrise Power Transmission Company Limited because of its legal implications, the witness dismissed it as the opinion of the former Attorney General of the Federation.

He dismissed in the same manner, the legal opinion of another former Attorney General of the Federation, Abubakar Malami, SAN to the then President Muhammadu Buhari, dated May 20, 2016 that supported that of Aondoakaa on the Mambilla Hydro Electric Power project.

Asked if he knew in 2012 that there were terms of settlement that were entered in respect of the award of contract to Sunshine Power Transmission Ltd between the Minister of Power and Attorney of the Federation and two others, he was, however, overruled by the court following an objection to it by the prosecution counsel, Abba Mohammed, SAN.

Asked if he was aware of the law on the privatization of various aspects of power supply chain and to cite any law that mandates agencies of the federal government to obtain FEC approval before issuing contract awards, the prosecution counsel, again, objected to the question, describing it as “hypothetical, not factual and in the realm of speculation.”

He further stated that it violated Section 128 of Evidence Act, noting that “This report doesn’t not make reference to any law.” The witness, he added, “should not be made to quote laws.”

The court adjourned the matter till Wednesday, February 18, 2026.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Justice Jude Onwuegbuzie Manbilla Power Project Muhammadu Buhari Olu Agunloye olusegun obasanjo Umar Hussein Babangida

Post navigation

Previous At Leaders’ Summit, Tinubu charges new Health Fellows on honour, humility, courage
Next MTN to take full control of IHS Towers in deal valuing it at $6.2 billion

Related Stories

Troops rescue 8 people, repel attack on military location in Borno
  • National News

Troops rescue 8 people, repel attack on military location in Borno

July 17, 2026
2027 elections: Police commence recovery of illegal arms nationwide Police
  • National News

2027 elections: Police commence recovery of illegal arms nationwide

July 17, 2026
DSO: NBC to train installers in Ibadan, affirms Dec 31, 2028 as switchover date
  • National News

DSO: NBC to train installers in Ibadan, affirms Dec 31, 2028 as switchover date

July 16, 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

Akpabio and his architecture of vision, by Ken Harries
  • Commentaries

Akpabio and his architecture of vision, by Ken Harries

July 17, 2026
Troops rescue 8 people, repel attack on military location in Borno
  • National News

Troops rescue 8 people, repel attack on military location in Borno

July 17, 2026
Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says IEA
  • Business & Economy

Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says

July 17, 2026
Ondo Police Arrest Man for Burning 10-Year-Old Daughter’s Private Part Over Bedwetting Ekiti abductors
  • Metro News

Ondo Police Arrest Man for Burning 10-Year-Old Daughter’s Private Part Over Bedwetting

July 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.