$6bn Mambilla project: Agunloye yet to perfect bail condition

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A former Minister of Power and Steel, Olu Agunloye, who was sent to the Kuje custodial centre is yet to perfect his bail condition.

The spokesperson of the Federal Capital Territory Command of the Nigerian Correctional Service, Adamu Duza disclosed this to our correspondent.

“Agunloye has been granted bail but he is yet to perfect his bail condition,” Duza said.

A Federal High Court in Abuja had on Wednesday ordered the remand of  Agunloye, in Kuje custodial centre over a $6bn Mambilla hydropower contract.

The Economic and Financial Crimes Commission arraigned Agunloye before the Federal High Court in Abuja on Wednesday, where he pleaded not guilty to the charges read against him.

The judge, however, ordered that the embattled former minister be remanded in Kuje custodial centre pending when bail would be granted.

It would be recalled that the EFCC declared Agunloye wanted in connection with a $6bn power scheme involving the Mambilla hydropower project.

Agunloye, who was a minister under President Olusegun Obasanjo’s government between 1999 and 2003, had been fingered in the controversy about the Mambilla power project, especially by Obasanjo, who accused him of illegally awarding the scheme with approval by the Federal Executive Council.

However, Agunloye had denied any wrongdoing in the project and said that Obasanjo was merely distorting information against him.

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