Alleged $6bn Mambila Power Fraud: No Record to Confirm China`s Financial Agencies were part of the Agreement - Witness

The third prosecuting witness, PW3, Umar Hussein Babangida in the ongoing trial of a former Minister of Power and Steel, Olu Agunloye on Monday, January 19, 2026 told Justice Jude Onwuegbuzie of the Federal High Court sitting in Abuja that he has not seen any record of agreement involving China’s financial agencies, ; Chinese Ministry of Foreign Trade and Economic Cooperation, MOFTEC Limited and China Import Export Bank being part of the Memorandum of Understanding, MoU, for the contract award of Mambilla Power plant. Agunloye is facing trial on an amended seven-count charge, bordering on alle…

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Source	EFCC
Collection	Anti-corruption and elections
Kind	Document
Publisher	Economic and Financial Crimes Commission (EFCC)
Date	2026-01-19
Type	press-release
Found at	https://www.efcc.gov.ng/news/alleged-6bn-mambila-power-fraud-no-record-to-confirm-chinas-financial-agencies-were-part-of-the-agre
Archived copy	Look it up in the Wayback Machine
Record ID	`efcc:news:13778`

Cite this record

Alleged $6bn Mambila Power Fraud: No Record to Confirm China`s Financial Agencies were part of the Agreement - Witness. EFCC, 2026. Vero Archive, record efcc:news:13778.