Former minister Olu Agunloye says former President Obasanjo lied by claiming his government did not award the $ 6 billion contract for the Mambilla power project
A former Minister of Power and Steel, Olu Agunloye, has accused former President Olusegun Obasanjo of distortion of facts over the stalled multi-billion-dollar Mambilla Hydropower Project.by the Obasanjo administration, is the subject of decades of a legal dispute that is now under international arbitration between the company and the Nigerian government.
According to Mr Agunloye, the contract for the project was duly awarded in 2003 by the Obasanjo administration on a Build, Operate and Transfer basis to deliver Nigeria's biggest power plant with a 3,050 megawatts capacity at no cost to the Nigerian government. Mr Agunloye said the termination was due to alleged corruption on the part of officials who served under Mr Obasanjo between 2003 and 2007.
He added that no minister in his administration had the power to award a contract beyond N25 million.
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