Alleged $6 billion Build, Operate Transfer contract fraud: ‘Former Minister of Power, Agunloye, is a wanted person’ - EFCC


A former Minister of Power and Steel, Olu Agunloye, has been declared wanted.

He was declared wanted by the Economic and Financial Crimes Commission (EFCC), over alleged involvement in forgery and corruption.

The anti-graft agency, in a communiqué shared on X and its website on Wednesday, displayed Agunloye’s image with a message that read:

“Anybody with useful information as to his whereabouts should please contact the Commission in its Benin, Kaduna, Ibadan, Sokoto, Maiduguri, Makurdi, Ilorin, Enugu, Kano, Lagos, Gombe, Uyo, Port Harcourt, and Abuja offices or contact 08093322644 or email info@efcc.gov.ng or the nearest police station and any other security agencies.”

It would be recalled that Agunloye had been quizzed over an alleged $6 billion Build, Operate and Transfer contract.



The Commission was investigating officials from the Federal Ministry of Power and the Ministry of Agriculture for monumental procurement fraud in September.

According to the anti-graft agency, the sums of N27,184,357,524.52 and $19,084,419.33 were recovered which were meant for the Mambilla and Zungeru Power projects but were diverted through sundry Bureau de Change operators.

The politician who also held the portfolio of former Minister of State for Defence (Navy) became a candidate for Governor of Ondo State.

He was also a former member of the People’s Democratic Party (PDP) and the Action Congress of Nigeria (ACN).

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