Agunloye Reduced FG Equity in Mambilla Project without Presidential Approval

Agunloye reduced FG equity in Mambilla project without presidential approval

A prosecution witness in the trial of former Minister of Power and Steel, Olu Agunloye, has told the Federal High Court in Abuja that the ex-minister allegedly reduced the Federal Government’s equity participation in the Mambilla Hydroelectric Power Project without approval from the President. The witness, Umar Hussein Babangida, an investigator with the Economic and Financial Crimes Commission (EFCC), gave the testimony on Monday before Justice…

Witness Claims Agunloye Cut FG's Stake in Mambilla Project Without...

A prosecution witness in the trial of former Minister of Power and Steel, Olu Agunloye, has told the Federal High Court in Abuja that the ex-minister allegedly... #hotnews, #fg, #agunloye, #flyingeze

Alleged $6b Mambila Project Fraud: Agunloye Reduced FG Equity Participation without Approval- Witness - Security News Alert

The Third Prosecution Witness, PW3, Umar Hussein Babangida in the ongoing trial of former Minister of Power and Steel, Olu Agunloye on Monday, March 16, 2026 told Justice Jude Onwuegbuzie of the Federal High Court, sitting in Apo, Abuja that Agunloye unilaterally reduced the equity participation of the federal government in the Mambilla Power Project from 25% to 10% […] The post Alleged $6b Mambila Project Fraud: Agunloye Reduced FG Equity Parti…

Agunloye Reduced FG’s Stake In Mambilla Project Without Presidential Approval – EFCC Witness Tells Court

The Third Prosecution Witness, PW3, Umar Hussein Babangida in the ongoing trial of former Minister of Power and Steel, Olu Agunloye on Monday, March 16, 2026 told Justice Jude Onwuegbuzie of the Federal High Court, sitting in Apo, Abuja that Agunloye unilaterally reduced the equity participation of the federal government in the Mambilla Power Project from 25% to 10% without the knowledge of the President. The Economic and Financial Crimes Commis…