$6billion Mambilla Challenge Fraud: Court docket Adjourns Trial Of Former Minister, Olu Agunloye To October 21

Agunbiade confirmed the letters from the EFCC associated to the accounts, marked as Exhibit 1a and 2a, and GTB’s responses, marked as Exhibit 2a and 2b.

Adewale Agunbiade, a key witness within the trial of former Minister of Power and Metal, Olu Agunloye, testified on September 23, 2024, relating to alleged funds amounting to N5.2 million from Jide Sotirin Abiodun of Dawn Energy and Transmission Ltd.

This revelation was made earlier than Justice Jude Onwuegbuzie on the Federal Capital Territory Excessive Court docket in Abuja.

Based on Financial and Monetary Crimes Fee (EFCC) in a press release on Tuesday, Agunbiade, a Compliance Officer previously with Guaranty Trust Financial institution (GTB) and presently with Jaiz Bank Plc, supplied particulars throughout his examination-in-chief by prosecution counsel Rotimi Oyedepo, SAN.

He acknowledged, “On October 2022, GTB acquired an investigation exercise inquiry from EFCC in respect of the account of two prospects, Mr Olu Agunloye and Mr Jide Sotirin. My workforce acquired the requests on behalf of the financial institution, following which I generated the assertion of account through the system utilized by me on the time.

I additionally ready the Certificates of Identification, following my evaluation of the assertion towards the data of the financial institution. I cosigned the duvet letter of the responses.”

Agunbiade confirmed the letters from the EFCC associated to the accounts, marked as Exhibit 1a and 2a, and GTB’s responses, marked as Exhibit 2a and 2b. He elaborated, “On web page two of Exhibit 2b is the assertion of Jide Sotirin Abiodun and the Certificates of Identification ready by me on the assertion of the account.

On the tenth of September 2019, there have been six transactions. The final 5 transactions have been ATM money withdrawals of N30,000 (Thirty Thousand Naira) every. The final transaction on 10 August 2019 was a switch of N3,600,000.00 (Three Million, Six Hundred Thousand Naira) from Sotirin Jide Abiodun to Olu Agunloy.”

Persevering with his testimony, he stated, “As of twenty-two October 2019, a file of N500,000.00 (5 Hundred Thousand Naira) was transferred from Sotirin Jide Abiodun to Olu Agunloye. On 13 November 2019, a file of N1,121,000 (One Million One Hundred and Twenty-one Thousand Naira) from Leno in favour of Agunloye Olu from Jide Sotirin.

Exhibit 1b is an account opening belonging to Agunloye Olu. On 10 August 2019 was an inward switch of N3,600,000.00 (Three Million, Six Hundred Thousand Naira) from Sotirin Jide Abiodun. On 22 October 2019, there was an influx of N500,000 (5 Hundred Thousand Naira) from Sotirin Jide Abiodun.

Additionally on thirteenth November 2019 was an influx of N1,121,000 (One Million One Hundred and Twenty-one Thousand Naira) in favour of Agunloye Olu from Jide Sotirin.”

The courtroom adjourned the case till October 21, 2024, for cross-examination.

Agunloye is going through seven prices from the EFCC, which embrace allegations of official corruption and the fraudulent awarding of the Mambilla Energy Challenge contract value $6 billion to Dawn Energy and Transmission Ltd.