Former Minister of Power and Steel, Olu Agunloye is in big trouble.

The Economic and Financial Crimes Commisison (EFCC) has declared him wanted over alleged $6 billion fraud.

EFCC disclosed this in a notification on its Facebook account.

It reads: “Dr. U Agunloye is wanted by the EFCC. You know his whereabout? Please don’t hesitate to inform the EFCC or the nearest Police Station.”

We gathered that the anti-graft agency had invited Agunloye for questioning over his role in the $6 billion Mambila hydropower contract but he did not honour the invitation.

It is interesting to know that Agunloye served under former President Olusegun Obasanjo between 1999 and 2003.

While serving under Obasanjo, the Mambilla power project was approved but allegedly without the approval of the Federal Executive Council (FEC).

Besides, Obasanjo in an interview said that he was not in the know of the person that awarded the contract.

Obasanjo challenged Agunloye to tell Nigerians where he derived the authority to award a $6 billion contract to Sunrise Power and Transmission Ltd. in respect of the project in 2003.

However, Agunloye said that the nature of the initial contract for the Mambilla Power Project was awarded as a build-operate-and-transfer contract in May 2003 under his watch.