Alleged $6bn Fraud: Agunloye Never Exceeded Obasanjo’s Financial Directive

Alleged $6bn fraud: Agunloye never exceeded Obasanjo’s financial directive

A prosecution witness, Umar Babangida, on Monday told an Abuja court that Dr Olu Agunloye, did not exceed former President Olusegun Obasanjo’s financial

$6billion Mambilla Trial: EFCC Admits Ex-President Obasanjo Made Key Decisions On Project Before Appointing Agunloye

Fresh revelations emerged on Monday at the Federal Capital Territory High Court, Abuja, in the ongoing trial linked to the controversial Mambilla Hydroelectric Power Project, as a senior Economic and Financial Crimes Commission (EFCC) investigator testified that major decisions on the contract were taken long before former Minister of Power, Olu Agunloye, assumed office.

Alleged $6bn Mambila Power fraud:  No record to confirm China`s financial agencies were part of the agreement – Witness

Third prosecuting witness, PW3, Umar Hussein Babangida in the ongoing trial of a former Minister of Power and Steel, Olu Agunloye on Monday, January 19, 2026 told Justice Jude Onwuegbuzie of the Federal High Court sitting in Abuja that he has not seen any record of agreement involving China’s financial agencies; The post Alleged $6bn Mambila Power fraud:  No record to confirm China`s financial agencies were part of the agreement – Witness appear…

Alleged $6bn fraud: Agunloye never exceeded Obasanjo’s financial directive - Witness

A prosecution witness, Umar Babangida, on Monday told an Abuja court that Dr Olu Agunloye, did not exceed former President Olusegun Obasanjo’s financial directive in the award of the Mambilla Hydroelectric Power project. He added that former President Obasanjo directed that no minister was permitted to approve contracts worth more than N25 million without express, written presidential consent. The witness said that the directive was adhered to i…

Alleged $6bn Mambila Power Fraud: No Record to Confirm China`s Financial Agencies were part of the Agreement – Witness - Security News Alert

The third prosecuting witness, PW3, Umar Hussein Babangida in the ongoing trial of a former Minister of Power and Steel, Olu Agunloye on Monday, January 19, 2026 told Justice Jude Onwuegbuzie of the Federal High Court sitting in Abuja that he has not seen any record of agreement involving China’s financial agencies,; Chinese Ministry of […] The post Alleged $6bn Mambila Power Fraud:  No Record to Confirm China`s Financial Agencies were part of t…