Alleged $6b Mambila Project Fraud:  Witness narrates how Agunloye allegedly collected N5.2m through multiple transfers, ATM withdrawals

Stanley Ihedigbo

Adewale Agunbiade, a prosecuting witness in the trial of former Minister of Power and Steel, Olu Agunloye on Monday, September 23, 2024 narrated before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court, sitting in Apo, Abuja, how the defendant allegedly received N5.2m from Jide Sotirin Abiodun, a staff of Sunrise Power and Transmission Ltd  in multiple transfers and Automated Teller Machine (ATM), withdrawals.

According to the Head, Media and Publicity, Economic and Financial Crimes Commission (EFCC), Mr. Dele Oyewale, the witness, a Compliance Officer, formerly with Guaranty Trust Bank, GTB, but now with Jaiz Bank Plc, while being led in his examination-in-chief, by prosecution counsel, Rotimi Oyedepo, SAN, disclosed that “On October 2022, GTB received an investigation activity inquiry from EFCC in respect of the account of two customers, Mr Olu Agunloye and Mr Jide Sotinri.

My team received the requests on behalf of the bank, following which I generated the statement of account via the system used by me at a time. I also prepared the Certificate of Identification, following my review of the statement against the records of the bank.  I cosigned the cover letter of the responses.”

Upon identifying and confirming the letters from EFCC in respect of the said accounts, marked Exhibit 1a and 2a and GTB’s responses marked Exhibit 2a and 2b, “On page two of Exhibit 2b is the statement of Jide Sotirin Abiodun and the Certificate of Identification prepared by me on the statement of the account. On the 10th of September 2019, there were six transactions.

The last five transactions were ATM cash withdrawals of N30,000  each. The last transaction on 10 August 2019 was a transfer of N3, 600,000  from Sotirin Jide Abiodun to Olu Agunloy”, he said.

Speaking further, he disclosed that “As of 22 October 2019, a record of N500, 000 was transferred from Sotirin Jide Abiodun to Olu Agunloye. On 13 November 2019, a record of N1, 121,000from Leno in favour of Agunloye Olu from Jide Sotirin.

Exhibit 1b is account opening belonging to Agunloye Olu. On 10 August,  2019 was an inward transfer of N3,600,000 from Sotinrin Jide Abiodun. On 22 October 2019,  there was an inflow of N500,000  from Sotirin Jide Abiodun. Also on 13th November 2019 was an inflow of N1, 121,000  in favour of Agunloye Olu from Jide Sotirin.”

The case was adjourned till October 21, 2024 for cross-examination.

Agunloye is being prosecuted by the Commission  on seven-count charges,  bordering on official corruption and fraudulent award of Mambilla Power Project contract to the tune of $6billion (Six Billion US Dollars) to Sunrise Power and Transmission Ltd.