Ex-Power minister Agunloye remanded in Kuje prison

Ex-Power minister Agunloye remanded in Kuje prison 

A former Minister of Power and Steel, Olu Agunloye, has been remanded in Kuje prison on orders of an Abuja federal high court.

The Economic and Financial Crimes Commission (EFCC) had arraigned Agunloye over allegations of fraud to the tune of $6 billion in the Mambilla hydropower contract.

The EFCC brought the ex-minister before the court on Wednesday where he pleaded not guilty to the charges read against him.

The court thereafter ordered that he should be reminded in Kuje pending the determination of his bail application.

On  December 13, 2023, the EFCC declared Agunloye wanted over alleged corruption.

He reportedly later surrendered himself to the commission for investigation.

Agunloye’s predicament began after former President Olusegun Obasanjo challenged him to tell Nigerians where he received the authority to award a $6 billion contract to Sunrise for the Mambilla hydropower project in 2003.

Reacting to his former boss’ statement, Agunloye said the government was not compelled to pay any amount to Sunrise under the Build, Operate, and Transfer (BOT) agreement.