ALLEGED $6BN FRAUD: AHUNLOYE LOSES BID TO STOP PROSECUTION. (PHOTO). #PRESS RELEASE
Alleged $6bn Fraud: Agunloye Loses Bid to Stop Prosecution Justice Jude Onwueguzie of the Federal Capital Territory High, FCT, Court, sitting in Apo, Abuja on Wednesday, May 15, 2024 dismissed a preliminary objection brought by ex-minister of Power and Steel, Olu Agunloye challenging the powers of the Economic and Financial Crimes Commission, EFCC to prosecute him. Agunloye is facing prosecution by the EFCC on seven-count charges bordering on suspected fraudulent Mambilla Power Project contract award to the tune of $6billion (Six Billion US Dollars). On February 8, 2024, Agunloye had 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. In response, prosecution counsel Abba Muhammed filed a counter affidavit, dated February 22, 2024, where he dismissed Agunloye’s motion as incompetent and offensive to the provisions of Section 115(2) of the Evidenc
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