Court rejects Agunloye’s bid to stop his prosecution for alleged $6bn fraud

Justice Jude Onwueguzie of the Federal Capital Territory High Court, sitting in Apo, Abuja, on Wednesday, dismissed a preliminary objection brought by a former Minister of Power and Steel, Olu Agunloye challenging the powers of the Economic and Financial Crimes Commission (EFCC) to prosecute him.

The EFCC is prosecuting Agunloye on a seven-count charge bordering on suspected fraudulent Mambilla Power Project contract award to the tune of $6billion (Six Billion US Dollars).

It will be recalled that on February 8, 2024, Agunloye, through his counsel, Adeola Adedipe (SAN) filed a motion challenging the powers of the EFCC to investigate and prosecute him as well as that of the jurisdiction of the court to try him.