Crime
Witness in $6b Mambila Project fraud, narrates how N5.2m was allegedly wired to Agunloye
Adewale Agunbiade, a prosecuting witness in the trial of former Minister of Power and Steel, Olu Agunloye, in $6b Mambila Project fraud allegation, at resumed sitting, narrated before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court, sitting in Apo, Abuja, how the defendant allegedly received N5.2 million from Jide Sotirin Abiodun, a staff of Sunrise Power and Transmission Ltd in multiple transfers and Automated Teller Machine, ATM, withdrawals.
Agunloye is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on seven-count charges, bordering on official corruption and fraudulent award of the Mambilla Power Project contract to the tune of $6 billion (Six Billion US Dollars) to Sunrise Power and Transmission Ltd.
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According to the EFCC, the witness, a Compliance Officer, formerly with Guaranty Trust Bank, GTB, but now with Jaiz Bank Plc, while being led in his examination-in-chief, by the prosecution counsel, Rotimi Oyedepo, SAN, disclosed that “On October 2022, GTB received an investigation activity inquiry from EFCC in respect of the account of two customers, Olu Agunloye and Jide Sotinri.
“My team received the requests on behalf of the bank, following which I generated the statement of account via the system used by me at the time. I also prepared the Certificate of Identification, following my review of the statement against the records of the bank. I cosigned the cover letter of the responses.”
Upon identifying and confirming the letters from EFCC in respect of the said accounts, marked Exhibit 1a and 2a and GTB’s responses marked Exhibit 2a and 2b, “On page two of Exhibit 2b is the statement of Jide Sotirin Abiodun and the Certificate of Identification prepared by me on the statement of the account. On the 10th of September 2019, there were six transactions. The last five transactions were ATM cash withdrawals of N30,000 (Thirty Thousand Naira) each. The last transaction on 10 August 2019 was a transfer of N3,600,000.00 (Three Million, Six Hundred Thousand Naira) from Sotirin Jide Abiodun to Olu Agunloy”, he said.
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Speaking further, he disclosed that “As of 22 October 2019, a record of N500,000.00 (Five Hundred Thousand Naira) was transferred from Sotirin Jide Abiodun to Olu Agunloye. On 13 November 2019, a record of N1, 121,000 (One Million One Hundred and Twenty-one Thousand Naira) from Leno in favour of Agunloye Olu from Jide Sotirin. Exhibit 1b is an account opening belonging to Agunloye Olu. On 10 August 2019 was an inward transfer of N3,600,000.00 (Three Million, Six Hundred Thousand Naira) from Sotinrin Jide Abiodun. On 22 October 2019, there was an inflow of N500,000 (Five Hundred Thousand Naira) from Sotirin Jide Abiodun. Also on 13th November 2019 was an inflow of N1, 121,000 (One Million One Hundred and Twenty-one Thousand Naira) in favour of Agunloye Olu from Jide Sotirin.”
The $6b Mambila Project fraud allegation case was adjourned to October 21, 2024 for cross-examination.