Witness Narrates how Agunloye Received N5.2m in Alleged $6b Mambila Power Project Contract Fraud

A prosecuting witness testified on Monday, June 10, 2024, in the trial of former Minister of Power and Steel, Olu Agunloye.

The trial took place before Justice Jude Onwuegbuzie at the Federal Capital Territory High Court in Apo, Abuja.

The witness described multiple financial transfers made to Agunloye by Jide Sotirin, an employee of Sunrise Power and Transmission Ltd.

Agunloye faces seven charges from the Economic and Financial Crimes Commission (EFCC), including official corruption and the fraudulent awarding of the Mambila Power Project contract, valued at $6 billion.

The witness, Adebayo Ilori, a compliance officer with Guaranty Trust Bank (GTB), provided his testimony under the guidance of prosecution counsel, Abba Mohammed. Ilori revealed that in October 2022, the bank received a letter from the EFCC requesting information on the account details, statements, and certificates of identification for two customers, Olu Agunloye and Jide Sotirin. Following this request, Wale Agunbiade, the head of the unit, generated the account statements from the bank’s computer system.

“Upon receiving the account opening package and statement of account, we compared the information generated because the statement of account was generated from the bank’s application by imputing the customer’s details on the computer system and all the parameters requested, which was then printed out. Then the bank compared what was printed and what was on the system to ascertain the accuracy of documents.

“The bank further prepared a covering letter and certificate of identification with the requested documents, which was signed by Wale Agunbiade, and then dispatched to the EFCC.”

When shown the acknowledgment copy of the said documents from the EFCC and GTB’s response by prosecution counsel, the witness confirmed that they were genuine, following which they were admitted by the court as exhibits.

Further in his testimony, the witness stated that Sotirin was the signatory to the account from which he transferred a total sum of N5, 221,000 (Five Million, Two Hundred and Twenty-one Thousand) to Agunloye, allegedly in relation to the Mambila
Power Project contract award.

The witness established that Sotirin on August 10, 2019, transferred the sum of N3,600,000 from his account to Agunloye. On October 22, 2019, he transferred
N500,000 to Agunloye and equally did so on November 13, 2019 to the tune of N1,121,000.

“On exhibit EFCC (1b), the name of the account holder is Agunloye Olu and it is a naira account. On 10 August 2019, there was a transfer credit of N3,600,000 from Sotirin Jide Abiodun in favour of Agunloye Olu. Also on 22 October 2019, there was a credit transfer of N500,000 from Sotirin Jide Abiodun to Olu Agunloye and on 13 Nov 2019, there was a credit transfer of N1,121,000 from Jide Sotirin Abiodun to Agunloye Olu,” the witness stated.

The matter was adjourned till June 11, 2024 for cross-examination.

Witness Narrates how Agunloye Received N5.2m in Alleged $6b Mambila Power Project Contract Fraud

A prosecuting witness testified on Monday, June 10, 2024, in the trial of former Minister of Power and Steel, Olu Agunloye.

The trial took place before Justice Jude Onwuegbuzie at the Federal Capital Territory High Court in Apo, Abuja.

The witness described multiple financial transfers made to Agunloye by Jide Sotirin, an employee of Sunrise Power and Transmission Ltd.

Agunloye faces seven charges from the Economic and Financial Crimes Commission (EFCC), including official corruption and the fraudulent awarding of the Mambila Power Project contract, valued at $6 billion.

The witness, Adebayo Ilori, a compliance officer with Guaranty Trust Bank (GTB), provided his testimony under the guidance of prosecution counsel, Abba Mohammed. Ilori revealed that in October 2022, the bank received a letter from the EFCC requesting information on the account details, statements, and certificates of identification for two customers, Olu Agunloye and Jide Sotirin. Following this request, Wale Agunbiade, the head of the unit, generated the account statements from the bank’s computer system.

“Upon receiving the account opening package and statement of account, we compared the information generated because the statement of account was generated from the bank’s application by imputing the customer’s details on the computer system and all the parameters requested, which was then printed out. Then the bank compared what was printed and what was on the system to ascertain the accuracy of documents.

“The bank further prepared a covering letter and certificate of identification with the requested documents, which was signed by Wale Agunbiade, and then dispatched to the EFCC.”

When shown the acknowledgment copy of the said documents from the EFCC and GTB’s response by prosecution counsel, the witness confirmed that they were genuine, following which they were admitted by the court as exhibits.

Further in his testimony, the witness stated that Sotirin was the signatory to the account from which he transferred a total sum of N5, 221,000 (Five Million, Two Hundred and Twenty-one Thousand) to Agunloye, allegedly in relation to the Mambila
Power Project contract award.

The witness established that Sotirin on August 10, 2019, transferred the sum of N3,600,000 from his account to Agunloye. On October 22, 2019, he transferred
N500,000 to Agunloye and equally did so on November 13, 2019 to the tune of N1,121,000.

“On exhibit EFCC (1b), the name of the account holder is Agunloye Olu and it is a naira account. On 10 August 2019, there was a transfer credit of N3,600,000 from Sotirin Jide Abiodun in favour of Agunloye Olu. Also on 22 October 2019, there was a credit transfer of N500,000 from Sotirin Jide Abiodun to Olu Agunloye and on 13 Nov 2019, there was a credit transfer of N1,121,000 from Jide Sotirin Abiodun to Agunloye Olu,” the witness stated.

The matter was adjourned till June 11, 2024 for cross-examination.