The funds are intended to be granted to the Incorporated Trustees of Masallacin Eid Shop Owners.
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‘Baseless and false’ — Agunloye refutes Obasanjo’s allegations on Mambilla power project


‘Baseless and false’ — Agunloye refutes Obasanjo’s allegations on Mambilla power project
Olu Agunloye, former minister of power and steel, has denied the recent allegations against him about the Mambilla power project.
In a recent interview with TheCable, former President Olusegun Obasanjo challenged Agunloye to tell Nigerians where he derived the authority to award a $6 billion contract to Sunrise Power and Transmission Ltd in respect of the Mambilla hydropower project in 2003.
Sunrise Power is currently in arbitration with Nigeria at the International Chamber of Commerce (ICC), Paris, France, over an alleged breach of contract by the federal government.
Sunrise is asking for a compensation of $2.3 billion, claiming it had spent millions of dollars on financial and legal consultants before the contract was jettisoned.
The company is also asking for a $400 million settlement being the terms of the agreement it entered with the federal government in 2020 to end the arbitration.
Nigeria is fighting the claims on the grounds that Agunloye, who “suspiciously” awarded the contract one week to the end of his tenure as power minister in 2003, acted “illegally”.
In a statement issued on Sunday, the former minister refuted the claims as baseless, false, and malicious.
According to Agunloye, the nature of the initial contract for the Mambilla power project, was awarded as a “build, operate and transfer (BOT) contract in May 2003 under his watch”.
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“Under this model, the contractor, Messrs Sunrise Power and Transmission Company Limited (Sunrise), was responsible for sourcing funds and executing the project with its own funds,” the statement reads.
“The Federal Government of Nigeria (FGN) was not obliged to pay any amount to Sunrise.”
Agunloye also explained that the investment required for Sunrise to construct the hydroelectric project up to completion was estimated at a maximum of $6 billion by four ministers of power and former President Obasanjo before his own tenure.
He stated that the allegation by the former president that he awarded a $6 billion contract (N800 billion in 2003) to Sunrise was inaccurate and misleading.
The former minister added that for 20 years, he was never questioned or interrogated about awarding any unauthorised Mambilla contract by any Nigerian president, including Obasanjo.
He also raised concerns about the change of contract model for the Mambilla power project after his tenure, noting that Obasanjo split it into smaller components.
“On the 28th of May 2007, a day before handing over power to President Umaru Yar’Adua, President Obasanjo changed the terms of the Mambilla project from Build, Operate and Transfer (BOT), which would not have required any investment from the Federal Government of Nigeria (FGN) to a fully funded FGN EPC contract,” he said.
TheCable understands that Agunloye and some officials of the ministry of justice have been quizzed over the Sunrise affair and may soon be charged in court.
‘Baseless and false’ — Agunloye refutes Obasanjo’s allegations on Mambilla power project
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Just in: I can name companies employing foreign prisoners as expatriates – Oshiomhole


Just in: I can name companies employing foreign prisoners as expatriates – Oshiomhole
Former Governor of Edo State, Adams Oshiomhole, says some prisoners from foreign countries are working in Nigeria as construction workers or expatriates.
Oshiomhole, now chairman of the senate committee on interior, said he was prepared to name the companies involved in such irregular and illegal appointment.
He spoke on Thursday when Minister of Interior, Olubunmi Tunji-Ojo, was defending the budget proposal of his ministry before the committee.
The senator representing Edo North said the interior ministry needed to regulate the issuance of expatriate quotas (EQs).
The EQs are granted by the ministry of interior to foreign-owned or indigenous companies to enable them to recruit foreign employees to legitimately work in the country.
Oshiomhole, who is also a former President of the Nigeria Labour Congress, said, “Your ministry needs to regulate issuance of the quotas very well as I have on good authority that prisoners from foreign land are working in Nigeria as construction workers.
“This is even different from the age long fraud the oil companies have been carrying out in the country through the policy of expatriate quotas by making our own qualified engineers to work under foreign technicians.
“Many non-Nigerians are in the country, some of them live inside containers. I even believe and dare say it that there are foreign prisoners who are working in Nigeria. They were shipped to our country to serve their prison terms.
“They were being paid according to their country’s minimum wage by the construction industry that brought them. I don’t want to mention the company’s name but if I am provoked, I will mention them.
“Honourable minister, this is a serious issue. Prisoners are not expected to work in their countries if the product or whatever they engage in is meant to be exported.”
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Akeredolu’s health: Court orders Ondo Assembly to appoint medical panel


Akeredolu’s health: Court orders Ondo Assembly to appoint medical panel
Ondo State High Court in Akure granted leave to applicants in a suit seeking an Order of Mandamus compelling the House of Assembly and the Speaker to form a medical panel to assess Governor Rotimi Akeredolu’s health state on Wednesday.
The suit, filed in court by Olufemi Lawson, Isijola Kike, Ologun Ayodeji, and Arogbo Olaniyi, emphasizes the critical role of elected officials maintaining public trust and ensuring openness.
The request for a medical panel attempts to shed light on Governor Akeredolu’s health after he has been absent from the state for nearly six months.
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On October 25, 2023, the petitioners filed an ex parte motion with the court.
The motion was brought pursuant to section 6(6b) of the 1999 constitution as amended as well as order 22 rule 1 of the Ondo State High Court rules.
The applicants prayed for an order of mandamus against the first and second respondents to compel them to carry out statutory and constitutional duties on the third respondent as stipulated under section 189(4) of the 1999 constitution.
The grounds were predicated on 11 grounds and in line with the rules of court, the applicant’s statement of claim and a 30-paragraph affidavit.
Upon the submission of the legal team of the applicant led by Dotun Ajulo, Fadeshola Ojamomi, A.V Ajayi and K.A Mogbojuri, the court ruled thereof.
Akeredolu’s health: Court orders Ondo Assembly to appoint medical panel
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Court freezes 24 bank accounts belonging to Kano Government


Court freezes 24 banks account belonging to Kano Government
A Federal High Court has ordered the freezing of 24 accounts of the Kano State Government.
The order is consequent upon the State government refusal to comply with a court order to pay N30 billion in compensation to victims of the Filling Idi Demolition exercise.
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The frozen order affects 24 Kano State bank accounts, including the Central Bank of Nigeria (CBN) account of the state.
The presiding judge, Justice E.A Ekwo, has also directed the Kano State Government to appear before the court on January 18 to provide an explanation regarding the freezing of N30 billion in the affected bank accounts.
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