Alleged $6bn Mambilla Power Fraud: FEC Directed Agunloye to Withdraw Award of Contract-Witness

Agunloye

By JUMOKE SANNI

The Third Prosecuting Witness, PW3, Umar Hussein Babangida in the ongoing trial of former Minister of Power and Steel, Olu Agunloye, on Tuesday, February 17, 2026 restated before Justice Jude Onwuegbuzie of the Federal High Court, sitting in Apo, Abuja that Agunloye was directed by the Federal Executive Council, FEC, under former President Olusegun Obasanjo to withdraw the memo of award of Mambilla Power Project contract to Sunrise Power Transmission Company Limited.

Under cross-examination by defence counsel, Adeola Adedipe, SAN, the witness, an officer of the Economic and Financial Crimes Commission, EFCC, disclosed that FEC never asked the defendant to reduce the approval to 10 per cent government equity participation but rather directed him to withdraw the award memo.

Asked if he had come across an opinion letter contained in “Exhibit EFCC 3s” by a former Attorney General of the Federation, Michael Aondoakaa, SAN to the Federal Government for the revival of the contract award to Sunrise Power Transmission Company Limited because of its legal implications, the witness dismissed it as the opinion of the former Attorney General of the Federation.

He dismissed in the same manner, the legal opinion of another former Attorney General of the Federation, Abubakar Malami, SAN to the then President Muhammadu Buhari, dated May 20, 2016 that supported that of Aondoakaa on the Mambilla Hydro Electric Power project.

Asked if he knew in 2012 that there were terms of settlement that were entered in respect of the award of contract to Sunshine Power Transmission Ltd between the Minister of Power and Attorney of the Federation and two others, he was, however, overruled by the court following an objection to it by the prosecution counsel, Abba Mohammed, SAN.