EFCC Arraigns Ex- AMCON MD, Ahmed Kuru, 4 Others For 76Bn, $31.5m Fraud

EFCC Arraigns Ex- AMCON MD, Ahmed Kuru, 4 Others For 76Bn, $31.5m Fraud

The Economic and Financial Crimes Commission (EFCC), on Monday, January 20, 2025, arraigned a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, current Managing Director of Arik Air, Captain Roy Ilegbodu, and Receiver Manager of Arik Air, Kamilu Omokide, alongside Union Bank Plc and Super Bravo Limited.

They were arraigned before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos on a six-count charge bordering on alleged theft of properties belonging to Arik Air and abuse of office.

Union Bank was charged with one count of making false statements to public officers while the other four defendants were arraigned on a five-count charge bordering on theft, abuse of office, and stealing by dishonestly taking the property of another.

They pleaded not guilty when the charges were read to them.
Following their plea, counsel to the first and third defendants, Taiwo Osipitan (SAN), told the court that he had a pending application for the bail of his clients which had been filed on Nov. 28 and November 29, 2024.

Justice Dada then adjourned to March 17 for the commencement of the trial.