The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned the former Minister of Power and Steel, Mr Olu Agunloye, before Justice Donatus Okorowo of the Federal High court, over allegations of fraud.

Agunloye, who was brought to court on Wednesday, pleaded not guilty to the charges read against him.
The Judge ordered that he be remanded in Kuje Correctional center, pending when the bail would be granted.

The EFCC in December 2023, declared Agunloye wanted on an alleged case of forgery and corruption. In a communique shared by the Commission on X and its website, the former minister’s image was displayed with a message urging the public to provide information that could lead to his arrest.
Shortly after the EFCC’s alert, Agunloye was apprehended and detained.

Digging deeper into the case, it was discovered that the minister who served under President Olusegun Obasanjo’s government (1999-2003), was being quizzed in connection with the Mambilla project.

Obasanjo had accused him of fraudulently awarding the contract for the project without the Federal Executive Council (FEC) approval. But Agunloye denied the accusations and claimed the former president was distorting facts.