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Fraud

Apr 28, 2026

FRN vs Olu Agunloye (Former Minister of Power and Steel Development)

Humans

Olu Agunloye

Money bag

N6,000,000,000.00
Amount allegedly defrauded

Money bag

Case Summary
The accused, whilst being the Minister of Power and Steel, was alleged to have awarded a contract, titled "Construction of 3,960mw Mambilla Hydroelectric Power Station on a Build, Operate and Transfer Basis" to Sunrise Power and Transmission Company Limited without any budgetary provision, approval and cash backing. Also, the accused was alleged to have corruptly received the said sum from one Sunrise Power and Transmission Company Limited (SPTCL) and Leno Adesanya for having conveyed the "approval of the Government of the Federal Republic of Nigeria for the construction of the 3,960 megawatts Mambilla Hydroelectric Power Station" in favour of SPTCL which he did whilst serving as the Minister of Power and Steel without the approval of the Federal Executive Council contrary.

Calendar

839
Day(s) since arraignment

Gavel

Case Update
The prosecution witness told the court that the Defendant admitted in his extra-judicial statement to the Economic and Financial Crimes Commission, EFCC, that he knew the owner of Sunrise Power Transmission Company Limited, Leno Adesanya, to whom he awarded the contract before he was appointed Minister of Power.

Court house

Hon. Justice J. O. Onwuegbuzie
FCT High Court, Apo, Abuja

Legislation

ACJA/ACJL Compliance - complied

Case Information
Olu Agunloye
Presiding Judge & Designated Court
Hon. Justice J. O. Onwuegbuzie, FCT High Court, Apo, Abuja
Nature and Number of Charges
7-count charge bordering on fraudulent award of contract and official corruption.
Date of 1st Arraignment
Jan 10, 2024
Summary of Case
The accused, whilst being the Minister of Power and Steel, was alleged to have awarded a contract, titled "Construction of 3,960mw Mambilla Hydroelectric Power Station on a Build, Operate and Transfer Basis" to Sunrise Power and Transmission Company Limited without any budgetary provision, approval and cash backing. Also, the accused was alleged to have corruptly received the said sum from one Sunrise Power and Transmission Company Limited (SPTCL) and Leno Adesanya for having conveyed the "approval of the Government of the Federal Republic of Nigeria for the construction of the 3,960 megawatts Mambilla Hydroelectric Power Station" in favour of SPTCL which he did whilst serving as the Minister of Power and Steel without the approval of the Federal Executive Council contrary.
Defendant(s) and Plea entered on Arraignment
1. Olu Agunloye (Former Minister of Power and Steel Development) – Not guilty
Defence Counsel(s)
1. Adola Adedipe SAN (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Abbah Muhammed (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
839 day(s)
Case Update
The prosecution witness told the court that the Defendant admitted in his extra-judicial statement to the Economic and Financial Crimes Commission, EFCC, that he knew the owner of Sunrise Power Transmission Company Limited, Leno Adesanya, to whom he awarded the contract before he was appointed Minister of Power.
ACJA/ACJL Compliance
Complied