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$6bn Mambilla project: Court grants ex-minister Olu Agunloye N50m bail

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A federal capital territory (FCT) high court in Apo has granted bail to Olu Agunloye, former minister of power and steel, in the sum of N50 million.

 

The Economic and Financial Crimes Commission (EFCC) has been prosecuting Agunloye over a $6 billion Mambilla hydropower contract.

 

Agunloye was arraigned on seven-count charges, bordering on fraudulent award of a contract and official corruption, on Wednesday.

 

The judge had ordered his remand in Kuje correctional centre pending hearing and ruling on the bail application.

 

Moving the application on Thursday, Adeola Adedipe, counsel to the former minister, prayed the court to grant bail to his client “by way of self-recognisance or in liberal terms”.

 

He said Argunloye is not a flight risk and that the notion canvassed by the prosecution was “borne out of misconception and communication barrier”.

 

BAIL CONDITIONS

Adedipe also appealed to the court not to order the use of a public servant as surety for his client.

See also  Court dismisses Agunloye’s request for AGF, NBA intervention in $6bn Mambilla case

 

Citing the case of Sambo Dasuki, former National Security Adviser (NSA) in Dasuki v DG SSS (2020) Part 1731 NWLR, Adedipe submitted that public officers should not be used as sureties, because the court of appeal found such conduct to be “unknown to our laws”; especially because corruption is encouraged that way.

 

The senior lawyer also argued that the apprehensive misconception about bail and the mischief argued by the prosecution has been solved by Section 352( 4) of the Administration of Criminal Justice Act (ACJA).

 

Under this provision, Adeola said: “Once a defendant is admitted to bail, even if he absconds, trial will continue and he will be convicted where necessary”.

 

However the prosecution counsel opposed the bail application.

 

Delivering ruling, Jude Onwuegbuzie, presiding judge, said the pendulum of the court swings in favour of granting bail to the defendant.

 

He granted N50 million bail to the defendant and ordered him to produce two sureties in like sum.

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The sureties must be “reputable” and “people of means” resident within the FCT.

 

They must have properties worth N300 million with a Certificate of Occupancy that must be verifiable.

 

They must submit copies of their identity cards and photocopies of their international passports to the court.

 

The defendant is to submit his international passport to the court and must be present for hearing at all times.

 

The matter was thereafter adjourned to February 12 for hearing.

 

BACKGROUND

The EFCC is investigating Agunloye over the $6 billion Mambilla hydropower contract.

 

The EFCC  reportedly traced some suspicious payments made by Sunrise Power and Transmission Ltd to Agunloye’s bank accounts.

 

Former President Olusegun Obasanjo also challenged Agunloye to tell Nigerians where he derived the authority to award a $6 billion contract to Sunrise for the Mambilla hydropower project in 2003.

 

In his response, Agunloye said the government was not obliged to pay a kobo to Sunrise under the build, operate, and transfer (BOT) agreement, as it was to be fully funded by the newly registered company, whose declared assets were worth less than $2,000 at the time.

See also  $6bn Mambilla saga: Court adjourns Agunloye’s trial to October 21

 

 

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EFCC says it froze Osun account over ‘fraudulent handling’ of N11bn ecological, intervention funds

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The Economic and Financial Crimes Commission (EFCC) has explained that it froze the bank account of the Osun state government over alleged fraudulent handling of N11 billion ecological and intervention funds.

The anti-graft agency, in a statement on Wednesday, said it has been investigating the Osun state government since March regarding the alleged mishandling of the funds.

According to the agency, some officials of the state government, including the accountant-general of the state, had been interviewed by EFCC investigators.

The agency said amid the probe, it observed that huge transfers of funds were being made from the account into different corporate entities since August 2.

“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026,” the statement reads.

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“The Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved.

“The EFCC’s preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources.

“The Commission cannot watch idly while a state government’s account is being pillaged.”

The anti-graft agency said it is aware of the forthcoming Osun governorship election, adding that it is “uncharitable” to overlook the huge transfers of funds over the “excuse of an upcoming election”.

“The Osun State government account was frozen to save public funds from being looted,” the agency said.

In a letter dated August 5, 2026, and signed by Adenike Babalola, assistant commander of the EFCC on behalf of the director of investigation, the anti-graft agency directed First Bank not to allow withdrawals from the Osun state government’s statutory allocation account as part of an ongoing investigation.

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The agency instructed the bank to place a post-no-debit restriction on the account pending the conclusion of the probe.

Reacting to the development, Ademola Adeleke, Osun governor, said the state government will not accept a situation in which federal government agencies trample upon the rights of subnational governments.

Adeleke said the Osun government has been witnessing numerous sponsored attacks, including the harassment of Accord party members and the move to stall the operations of LGAs in the state.

Adeleke said he has directed the attorney-general of the state to challenge the “illegality”.

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Osun threatens lawsuit as EFCC freezes govt account 10 days to election

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Less than 24 hours after Governor Ademola Adeleke alleged that the Economic and Financial Crimes Commission (EFCC) was planning to freeze the state government account domiciled with First Bank, the anti-graft agency has reportedly freezed the account, according to Vanguard.

The account, reportedly used for the payment of workers’ salaries, was placed on “Post No Debit” status by the anti-graft agency.

The development came hours after Governor Ademola Adeleke raised the alarm that the EFCC was planning to freeze the state government’s accounts and those of top government officials ahead of the August 15 governorship election.

In a statement issued earlier on Wednesday by the Commissioner for Information and Public Enlightenment, Kolapo Alimi, Adeleke described the alleged move as an attempt to cripple government activities before the poll.

The governor had insisted that there was no legal basis for freezing the accounts of a state government, arguing that the EFCC lacked the statutory powers to take such action.

See also  Mambilla power project: EFCC traces alleged ‘suspicious payment’ to Agunloye’s bank account

However, a source reportedly told Vanguard that the account had already been restricted.

“I can confirm that the state government account has been frozen by the EFCC. It is no longer an allegation. The governor will address the press shortly to update the public on the situation,” the source reportedly told Vanguard.

The reason for the restriction was not immediately known as of the time of filing this report.

The EFCC had yet to issue an official statement on the development.

The development comes as Osun prepares for its August 15 governorship election, with the account restriction expected to generate political reactions ahead of the poll.

Meanwhile, the state’s Attorney General and Commissioner for Justice, Oluwole Jimi-Bada, had said he has the mandate of the governor to sue the Economic and Financial Crimes Commission for freezing the government accounts.

Jimi-Bada said a ‘Post no debit’ letter from the EFCC was forwarded to the management of the First Bank where Osun government accounts were domiciled on Wednesday.

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The commissioner, who expressed readiness to proceed to court, said the move by the anti-graft agency may hamper government’s business, noted that Governor Ademola Adeleke was not using state funds to run its campaign for reelection.

“I have the mandate of the governor to proceed to the Federal High Court to challenge this move. EFCC can investigate the accounts but it can’t freeze the accounts without order of court.

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WAEC releases 2026 WASSCE results, withholds 167,486 candidate’s results over malpractice 

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The West African Examinations Council says it is withholding the results of 167,486 candidates, representing 8.59 per cent of those who sat the 2026 Computer-Based West African Senior School Certificate Examination for School candidates, over alleged examination malpractice.

This was disclosed by the Head of WAEC Nigeria National Office, Dr Amos Dangut, who announced the release of the results in Lagos on Wednesday.

The number of withheld reults, however, represents a decline from the 9.7 per cent recorded in 2025.

Dangut said the council withheld the affected results due to various infractions, including the increasing use of mobile phones in examination halls despite the existing ban and organised cheating in some schools.

“The increasing use of cell phones in the examination hall, in spite of the existing ban, and organised cheating in some schools, are other nagging issues,” Dangut said.

He added that some supervisors and invigilators found assisting candidates in malpractice had been arrested and would face disciplinary action through the relevant state ministries of education.

See also  EFCC releases Agunloye on bail

A total of 1,959,668 candidates from 24,207 schools registered for the examination across Nigeria, Benin Republic, Côte d’Ivoire and Equatorial Guinea, while 1,950,726 candidates eventually sat for the examination.

1,200,514 candidates (61.54 per cent) obtained credits and above in at least five subjects, including English Language and Mathematics.

1,687,378 candidates (86.50 per cent) secured credits and above in a minimum of five subjects, with or without English Language and Mathematics.

The number of candidates who obtained credits in five subjects including English and Mathematics dropped by 1.42 percentage points compared with the 2025 examination.

Of the 1.2 million candidates who achieved credits in English and Mathematics:

558,883 (28.65 per cent) were male.

641,631 (32.89 per cent) were female.

Overall, 997,267 females (51.12 per cent) and 953,459 males (48.88 per cent) participated in the examination.

WAEC said 1,834,695 candidates, representing 94.05 per cent, had their results fully processed and released, while the results of 116,031 candidates (5.95 per cent) were still being processed.

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The council also disclosed that 1,213 candidates with special needs participated in the examination. They included:

137 visually impaired candidates;

491 candidates with hearing impairment;

55 spastic and mentally challenged candidates; and

41 physically challenged candidates.

The 2026 examination marked the second edition of the Computer-Based WASSCE for School Candidates, following the introduction of the format by WAEC.

Dangut said the council introduced several innovations, including the Digital Examiner Mark System to improve the speed of processing results, serialisation of question papers to curb malpractice, and a new portal that allows candidates to generate e-PINs directly for checking their results.

The examination was conducted between April 24 and June 19, 2026, with 102,708 examiners involved in marking across 88 marking venues.

Dangut, who described the briefing as his third and final engagement as WAEC Nigeria National Office head, said candidates sponsored by states indebted to the council would not have their results released until the outstanding payments were cleared.

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