12 Feb, 2026
3 mins read

Alleged $6 Billion Fraud: Court dismisses ex-minister Agunloye‘s application on ‘amicus curiae’

The Abuja Division of the Federal High Court on Monday dismissed an application by a former Minister of Power and Steel, Olu Agunloye, inviting some legal luminaries to hear his case on alleged infractions in the Mambilla Hydroelectric plant. The Economic and Financial Crimes Commission (EFCC) charged Agunloye, who served as a minister in the […]

1 min read

Former Finance Minister, Olu Agunloye, Released From Prison

A former Minister of Power and Steel, Olu Agunloye, has been released from the Kuje Correctional Centre after fulfilling his bail conditions. Adamu Duza, the spokesperson for the Federal Capital Territory Command of the Nigerian Correctional Service, confirmed the release. Duza said, “Agunloye has been released from the prison after meeting his bail condition. He […]

2 mins read

Just In: EFCC Declares Former Power Minister, Olu Agunloye, Wanted Over $6bn Fraud

The Economic and Financial Crimes Commission (EFCC) has declared former Minister of Power and Steel, Dr Olu Agunloye, wanted over an alleged $6 billion fraud related to the controversial Mambilla hydropower project. Agunloye served as minister during President Olusegun Obasanjo’s administration (1999-2003) and was at the centre of the Mambilla project controversy, which involved the […]