On Monday, September 23, 2024, Adewale Agunbiade, a prosecuting witness, testified in the trial of Olu Agunloye before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court in Apo, Abuja.
Agunbiade, a Compliance Officer and former Guaranty Trust Bank (GTB) employee, now with Jaiz Bank Plc, narrated how Agunloye allegedly received N5.2 million from Jide Sotirin Abiodun, a staff member of Sunrise Power and Transmission Ltd.
Agunbiade revealed that GTB received an investigation inquiry from the Economic and Financial Crimes Commission (EFCC) in October 2022 regarding the accounts of Agunloye and Abiodun.
Upon reviewing the accounts, Agunbiade generated statements and certificates of identification. The transactions revealed six transactions on September 10, 2019, including five ATM withdrawals of N30,000 each and a transfer of N3.6 million from Abiodun to Agunloye on August 10, 2019.
Agunloye is facing a seven-count charge bordering on fraudulent award of contract and official corruption to the tune of N6 billion. He was arraigned on January 10, 2024, before Justice J.O. Onwuegbuzie of the Federal Capital Territory High Court in Apo, Abuja.
The EFCC is prosecuting Agunloye for allegedly receiving N3.6 million from Sunrise Power and Transmission Company Limited in 2019.
