Alleged $6bn Mambilla project fraud: EFCC re-arraigns Agunloye on amended charge

EditorSeptember 18, 202503 mins

The Economic and Financial Crimes Commission, EFCC, on Thursday, re-arraigned the former Minister of Power and Steel, Olu Agunloye, before Justice Jude Onwuegbuzie of the Federal High Court, sitting in Apo, Abuja. He was re-arraigned on amended seven-count charge, bordering on official corruption and fraudulent award of Mambilla Power Project contract to the tune of…

Details of $6bn Mambilla Project trial as FG awaits Paris Court

EditorJanuary 27, 2025January 27, 202505 mins

Former Presidents Olusegun Obasanjo and Muhammadu Buhari have defended Nigeria in a $2.3 billion arbitration case filed by Sunrise Power at the International Chamber of Commerce (ICC) in Paris. The dispute revolves around allegations of a breached contract for the Mambilla Hydroelectric Power Project, a proposed 3,050 MW facility. Sunrise Power claims it was awarded…