Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

NCDMB Donates 60-bed Hostel, Internet Infrastructure to Nigeria Maritime University

July 20, 2026

NDDC to Boost Women’s Empowerment Programmes

July 20, 2026

ICPC Questions Gbajabiamila over Probe of Alleged Fake Presidential Council

July 20, 2026
Facebook X (Twitter) Instagram
Trending
  • NCDMB Donates 60-bed Hostel, Internet Infrastructure to Nigeria Maritime University
  • NDDC to Boost Women’s Empowerment Programmes
  • ICPC Questions Gbajabiamila over Probe of Alleged Fake Presidential Council
  • NDDC Assures Compliance with Public Procurement Act
  • Reps Inaugurate Ad Hoc Committee To Probe PFIPC
  • Andy Burnham becomes UK’s Seventh Prime Minister in a decade
  • NLC to commence nationwide struggle for minimum wage review, says Ajaero
  • ECOWAS Member States Endorse Nigeria-Morocco African Atlantic Gas Pipeline
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Legal»Alleged $6bn Fraud: Ex-Minister Olu Agunloye Loses Bid To Stop Trial
Legal

Alleged $6bn Fraud: Ex-Minister Olu Agunloye Loses Bid To Stop Trial

VardiafricaBy VardiafricaMay 15, 2024Updated:May 15, 2024No Comments3 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Justice Jude Onwueguzie of the Federal Capital Territory High, FCT, Court, sitting in Apo, Abuja on Wednesday, May 15, 2024 dismissed a preliminary objection brought by ex-minister of Power and Steel, Olu Agunloye challenging the powers of the Economic and Financial Crimes Commission, EFCC to prosecute him. 

Agunloye is facing prosecution by the EFCC on seven-count charges bordering on suspected fraudulent Mambilla Power Project contract award to the tune of $6billion (Six Billion US Dollars).

On February 8, 2024, Agunloye had through his counsel, Adeola Adedipe (SAN) filed a motion challenging the powers of the EFCC to investigate and prosecute him as well as that of the jurisdiction of the court to try him.

In response, prosecution counsel Abba Muhammed filed a counter affidavit, dated February 22, 2024, where he dismissed Agunloye’s motion as incompetent and offensive to the provisions of Section 115(2) of the Evidence Act.

Delivering ruling on Wednesday, Justice Onwuegbuzie struck out Agunloye’s motion for lack of merit and held that Section 6 and 7 of the EFCC Establishment Act, 2004 gave the Commission investigative and prosecutorial powers to cause investigation into any act of economic and financial crimes.

“On issues of whether the EFCC has the statutory power to investigate and prosecute before a court of  competent jurisdiction,  I have considered the application of the defence and the respondent, and I hold that the EFCC is charged with the investigation and prosecution of all economic and financial crimes including, contract scams, money laundering, advance fee fraud etc,   including the investigation and enforcement of all economic and financial crimes laws, also cause investigation to weather an individual or company, or anybody is likely to commit any crime. Since the instant charges brought against the defendant are economic and financial crimes in nature, the motion brought by the defendant lacks merit and is  hereby dismissed,” the judge ruled.

Regarding the legitimacy of the prosecution fiat the Commission obtained from the Office of the Auditor-General rather than that of the Attorney-General of the Federation (AGF),   the judge held that any other state, authority or person was eligible to institute criminal prosecution in the absence of the AGF.

“Even if the charge has no seal of the Attorney-General of the Federation,  that does not stop the potency of the charge, as the Attorney-General may decide on any member of his department he wishes to delegate his powers  to carry out his duties by law,” he said.

He adjourned the matter till May 30, 2024 for continuation of trial

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

FG Files Terrorism Charges Against Three Oyo School Kidnappers

July 17, 2026

Alleged Money Laundering: Court orders final forfeiture of Malami’s 48 properties

July 15, 2026

‘Certificate forgery’: Ex-minister Nnaji pleads ‘not guilty’, secures N20m bail

July 13, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025352

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202551
Don't Miss
Education
Education By VardiafricaJuly 20, 20263 Mins Read2

NCDMB Donates 60-bed Hostel, Internet Infrastructure to Nigeria Maritime University

By VardiafricaJuly 20, 20262 Education Updated:July 20, 202603 Mins Read

The Nigerian Content Development and Monitoring Board (NCDMB) on Friday at Kurutie, temporary site of…

NDDC to Boost Women’s Empowerment Programmes

July 20, 2026

ICPC Questions Gbajabiamila over Probe of Alleged Fake Presidential Council

July 20, 2026

NDDC Assures Compliance with Public Procurement Act

July 20, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

NCDMB Donates 60-bed Hostel, Internet Infrastructure to Nigeria Maritime University

July 20, 2026

NDDC to Boost Women’s Empowerment Programmes

July 20, 2026

ICPC Questions Gbajabiamila over Probe of Alleged Fake Presidential Council

July 20, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025352

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Type above and press Enter to search. Press Esc to cancel.