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Alleged $6bn Fraud: Agunloye Loses Bid to Stop Prosecution
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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.
News
Finally, Iranian Footballers Granted Visas For 2026 World Cup
Iran’s football squad have been finally granted visas to enter the United States so they can play in the World Cup, US Ambassador to Turkey Tom Barrack confirmed Friday.
A US administration official confirmed this separately in a statement issued by the State Department.
The visa issuance means Iran will compete in the world’s top sporting event even as the Mideast war pitting it against the United States and Israel continues, albeit with a shaky truce in place.
“Proud of our outstanding team at the U.S. Embassy in Ankara for their work processing visas for Iran’s national football team on their road to the @FIFAWorldCup in the United States,” Barrack said, commenting on a news report that Iran’s World Cup players have been granted the visas to enter the United States.
“Sports transcends borders, and we look forward to welcoming competitors and fans from around the world,” the ambassador said.
The unnamed administration official confirmed Iran’s team has been issued visas, and added: “We will not allow the Iranian team to abuse this system to sneak terrorists into the United States under false pretenses.”
The Iranian team is due to fly from Turkey to Spain on Saturday before travelling on to their base camp in Mexico, where they will arrive on Sunday.
The team will be based in Mexico during the tournament in North America, but all three of their group stage matches are due to be held in the United States.
They were originally due to be based in the US but switched their camp to Mexico due to the tensions between Iran and the United States over the war that began February 28 with US and Israeli attacks on Iran.
Iran begin their World Cup campaign against New Zealand on June 16 in Los Angeles.
They will play further group matches against Belgium, also in LA, and Egypt in Seattle.
AFP
News
Photos: Tinubu Courageous Leadership, Vision Transforming Nigeria Through Infrastructure, Says Wike
Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Saturday, declared the courageous leadership, vision and political will demonstrated by President Bola Ahmed Tinubu, as responsible for bridging Nigeria’s longstanding development gap, citing ongoing infrastructure projects across the country as evidence of purposeful leadership.

Speaking at the 36th Convocation Ceremony of the University of Port Harcourt, where he delivered a lecture titled; “Leadership and Infrastructure Development in Nigeria: Lessons for Future Leaders,” Wike described the scale, direction and momentum of infrastructure initiatives under the Tinubu’s administration as a reflection of a leadership committed to national transformation.
According to him, the President has shown an uncommon willingness to confront difficult decisions and mobilise resources towards addressing Nigeria’s infrastructure deficit.
“What the present moment offers is a rare and defining possibility, a window in which purposeful leadership can begin, in earnest, to narrow the enduring gap between Nigeria’s vast potential and its historically uneven performance,” Wike said.
“In this regard, the evidence increasingly suggests that President Bola Ahmed Tinubu has demonstrated, beyond reasonable doubt, the courage to confront difficult choices, the capacity to mobilise national resources, and the will to pursue infrastructure as a serious instrument of transformation.”
The FCT Minister argued that infrastructure remains the clearest measure of leadership effectiveness, stressing that roads, railways, power projects, housing schemes and digital infrastructure are critical foundations for economic growth and social development.

He noted that while some ongoing projects were inherited from previous administrations, the Tinubu government has injected renewed urgency and strategic direction into their execution.
According to him, projects that previously existed as isolated initiatives are now being integrated into a broader national development framework aimed at stimulating productivity, strengthening national cohesion and expanding economic opportunities.
Wike cited major projects including the Lagos-Calabar Coastal Highway, the Sokoto-Badagry Super Highway, the Abuja-Kaduna-Zaria-Kano Road, the East-West Road and access roads to the Second Niger Bridge as examples of the administration’s commitment to reshaping Nigeria’s economic landscape.
He also highlighted ongoing investments in rail transportation, including the rehabilitation of the Port Harcourt-Maiduguri railway corridor and efforts to expand standard gauge networks across the country.
In the power sector, Wike pointed to the implementation of the Presidential Power Initiative in partnership with Siemens, as well as rural electrification programmes and mass metering schemes designed to improve electricity supply and restore consumer confidence.
The minister further commended the administration’s energy transition agenda, particularly the Presidential Compressed Natural Gas (CNG) Initiative and the National Hydrogen Policy, describing them as forward-looking interventions that align Nigeria with emerging global energy realities.
He also referenced investments in housing, aviation, broadband infrastructure, security architecture and education, including the Nigeria Education Loan Fund (NELFUND), which he said is helping to expand access to higher education.
Wike described the removal of fuel subsidy as one of the boldest decisions taken by the administration, arguing that the policy has created additional fiscal space for governments at different levels to invest in critical infrastructure and development projects.
“Transformative leadership often requires the courage to choose long-term stability over short-term comfort,” he stated.
The former Rivers State governor maintained that infrastructure development should not be assessed by the number of projects announced but by their successful completion and long-term impact on citizens.
He warned that Nigeria’s development aspirations would remain unattainable without sustained investments in roads, power, transportation, healthcare and education.
While acknowledging that infrastructure development is a long-term undertaking whose benefits may not be immediately visible, Wike urged Nigerians to support efforts aimed at building a functional and integrated economy.
“If this trajectory is to be consolidated, deepened, and translated into lasting national outcomes, it requires not interruption in leadership, but continuity; not hesitation, but sustained commitment,” he said.
The minister stressed that leadership should be judged by its ability to translate vision into concrete outcomes, insisting that no nation can rise above the quality of its infrastructure and the commitment of those entrusted with governance.
The convocation lecture formed part of activities marking the university’s 36th Convocation Ceremony attended by academics, students, alumni, government officials and other dignitaries from across the country.
News
PHOTOS: Dutiful wife of FCT minister Wike, adjusting her husband’s cap at ongoing UNIPORT Convocation lecture
Hon Justice Suzzette Nyesom-Wike, Wife of the FCT Minister, Nyesom Wike, sighted adjusting her husband’s cap and cleaning his sweat as he delivers his UNIPORT Convocation Lecture titled; “Leadership and Infrastructure Development in Nigeria: Lesson for future leaders” going on now.
SEE photos:



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