A former Minister of Power and Steel, Dr Olu Agunloye, has been declared wanted by the Economic and Financial Crimes Commission (EFCC).

EFCC Declares Ex-Power Minister, Agunloye Over $6bn 'Fraud'

The minister hails from Akoko North Local Government Area of Ondo State. He was declared wanted by the anti-graft agency over an alleged case of corruption and forgery.

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It is reported that the EFCC in September quizzed Agunloye over an alleged $6 billion Build, Operate and Transfer contract.

The commission, on Wednesday, disclosed this on its website while notifying the public.

Also, in the information shared by the EFCC, Agunloye’s image was displayed.

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The EFCC message read: “Anybody with useful information as to his whereabouts should please contact the Commission in its Benin, Kaduna, Ibadan, Sokoto offices.

“Also, Maiduguri, Mardi, Ilorin, Enugu, Kano, Lagos, Gombe, Uyo, Port Harcourt, and Abuja offices”.

Furthermore, the EFCC requested that Nigerians with information could contact it on  08093322644 or email info@efcc.gov.ng.

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Also, you could report to the nearest police station and any other security agencies.

Agunloye served as minister of power and steel under former President Olusegun Obasanjo between 1999 and 2003.

Accusation 

Obasanjo had earlier accused Agunloye of mismanaging the power project.

He had, at the time, asked Agunloye to inform Nigerians how he got approval to award a $6 billion contract to Sunrise Power and Transmission Ltd. without the Federal Executive Council (FEC). The project was consummated in 2003.

He also claimed that the government was not mandated to pay a kobo to Sunrise under the Build, Operate, and Transfer (BOT) agreement.

According to him, it was to be fully funded by the newly registered company. Also, he said the company’s declared assets were worth less than $2,000 at the time.

In 2016, Agunloye joined the Social Democratic Party and became the party’s candidate in the state governorship election.

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