The EFCC on Wednesday declared a former Minister of Power and Steel, Olu Agunloye, wanted over alleged fraud…

Written by on December 13, 2023

The Economic and Financial Crimes Commission (EFCC) on Wednesday declared a former Minister of Power and Steel, Olu Agunloye, wanted over alleged fraud to the tune of $6bn.

Agunloye, who served under the administration of President Olusegun Obasanjo as a minister between 1999 and 2003, had earlier been invited and quizzed by the anti-graft agency.

It was reported that before Agunloye’s invitation by the commission in September, former President Obasanjo had accused him of mismanaging the power project during his tenure specifically on his failure to brief him on the state of the project.

Before his invitation, the former minister had in 2016 run for the office of the governor in Ondo State under the platform of the Social Democratic Party.

Declaring him wanted on its website on Wednesday, the EFCC accused the indigene of Akoko North Local Government Area of Ondo State of corruption and forgery.

The announcement, which was signed by the spokesman of the EFCC, Dele Oyewale, appealed to Nigerians to report to the nearest police stations or the anti-graft zonal offices close to them if found anywhere.


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