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Ex-Minister, Agunloye Got N5.2m From $6bn Mambila Project Fraud – EFCC Reveals

A court has been told how former Minister of Power and Steel, Olu Agunloye 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.
The revelation was made by an Economic and Financial Crimes Commission, EFCC witness, Adewale Agunbiade.
Agunloye is being prosecuted by the EFCC on seven-count charges, bordering on official corruption and fraudulent award of the Mambilla Power Project contract to the tune of $6 billion to Sunrise Power and Transmission Ltd.
The witness, who appeared before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court, sitting in Apo, Abuja, was a Compliance Officer, formerly with Guaranty Trust Bank, GTB.
During his examination, Agunbiade revealed that GTB received an EFCC inquiry in October 2022 about customers Olu Agunloye and Jide Sotinri’s accounts.
He generated account statements and Certificates of Identification, cosigning the response letters. Exhibits showed six transactions on Sept 10, 2019, including five N30,000 ATM withdrawals and a N3.6m transfer from Jide Sotinri to Olu Agunloye.
“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.
Speaking further, he disclosed that Agunloye received significant financial transfers in 2019. On October 22, 2019, he got N500,000 from Sotirin Jide Abiodun. Another transfer of N1,121,000 came from Leno on November 13, 2019, also from Jide Sotirin.
Also, Agunloye’s account showed an inward transfer of N3.6 million (Three Million, Six Hundred Thousand Naira) from Sotinrin Jide Abiodun on August 10, 2019.
“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.
“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 case was adjourned till October 21, 2024 for cross-examination.
News
Taraba agog as Senator Manu Haruna hosts 21 Senators as his niece Weds (Photos)

Taraba was agog last Saturday as Senator Haruna Manu hosts 21 serving Senators during his neice’s wedding fatiha in Jalingo.
Sumayyah Adamu Manu is his elder brother’s daughter who married Muhammad Lamba Sha’ibu
The ceremony took place at Senator Manu’s residence in Jalingo, marking a significant milestone for the family.
During the event, H.E Sen. Aminu Tambuwal served as the representative (Wakili) for the bride, while former Senate President Sen. Ahmed Lawal acted as the representative (Wakili) for the groom Muhammad Lamba Sha’ibu
The ceremony was filled with heartfelt prayers as Senator Manu invoked blessings from the Almighty Allah for the couple, wishing them a prosperous and harmonious union.
The wedding was graced by the presence of various dignitaries, including twenty one (21) senators Senators across the country, Honourable Member House of Representatives, Traditional rulers among others, who joined in celebrating this momentous occasion.
Senator Manu expresses gratitude to all who attended and contributed to making the day memorable.
May the union of Sumayyah Adamu Manu and her groom Muhammad Lamba be blessed with love, joy, and success.
News
400,000 NYSC Members to Get ₦100k–₦150k Under FG’s ‘YouthCred’ Initiative

By Kayode Sanni-Arewa
About 400,000 corps members are set to benefit from a new federal government scheme called YouthCred.
The initiative, a partnership between CreditCorp Nigeria and the NYSC, aims to provide affordable consumer credit to serving corps members.
According to Dada Olusegun, Special Assistant to President Tinubu on Social Media, the scheme is designed to promote a culture of good credit among young Nigerians.
He noted that the beneficiaries can access loans ranging from N100,000 to N150,000 to sort out urgent needs like clothing, mattresses, phones, and basic furniture.
Dada added that the loan will be repayable during the service year at a single-digit interest rate, making it accessible and manageable for corps members.
According to him, Before loan approval, applicants will be educated on credit scores and responsible borrowing to build financial literacy.
He states that President Tinubu’s administration hopes the program will reshape attitudes towards credit before corps members enter the workforce.
The SA also confirmed that the federal government has already set aside N6 billion for the rollout of the YouthCred scheme.
He said the implementation will start with financial institutions already working with NYSC, and full rollout is expected within the next 12 months.
The statement reads, “As part of efforts to promote good credit culture among young Nigerians starting with corp members, @CrediCorpNG in collaboration with NYSC will be launching a new scheme called “YouthCred”.
“YouthCred is an initiative that will offer affordable consumer credit to corps members.
“Corp members in need of quick cash to sort urgent bills like clothing, mattresses, mobile phones, basic furniture etc that will help them settle down in the new PPAs, will be able to access up to credit facilities of N100,000-150,000 and repay same over the course of their youth service at a single digit interest rate.
“The essence of a good credit score and how it works will be taught to interested corp members before final approvals are granted.
“This is part of President Tinubu’s administration’s efforts to instill values among the young populace and change the narrative about credit even before entering the workforce.
“An initial N6bn has been reserved for this purpose with the launch expected anytime soon.
“Rollout of YouthCred will begin with partner financial institutions that already work with NYSC and related agencies.
“The initiative will target 400,000 corp members over the next 12 months.”
News
Finally, Kano Police nab 18-yr-old Saudat for killing husband nine days after wedding

By Kayode Sanni-Arewa
Kano State Police Command agents have detained 18-year-old Saudat Jibril on suspicion of killing her husband, 30-year-old Salisu Idris, in the state’s Farawa community just nine days after their wedding.
According to a statement from SP Abdullahi Kiyawa, the State Police Command spokesperson, the suspect “allegedly cut off her husband’s throat, with a sharp knife.”
He said, “The victim was rushed to Aminu Kano Teaching Hospital, where he was confirmed dead by medical personnel. The suspect has been apprehended and is currently in custody at the Command’s Criminal Investigation Department (CID), Homicide Section, and will be charged to court for the offence of culpable homicide.”
March 28, 2025
Community members claimed that Saudat may have poisoned her husband before stabbing him during an altercation, while the exact circumstances of the death are still unknown.
According to reports, Saudat and Idris’ marriage, which was consummated on Sunday, April 27, 2025, ended on Tuesday, May 6.
The marriage was planned by relatives of the couple and lacked mutual affection between both parties. It was said that the dead had voiced concerns regarding the union. Family members, however, convinced him to go ahead with the marriage.
The public was reassured by the Command that it will carry out exhaustive investigations to guarantee that justice is done.
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