- Kuru Accused of Fraudulent Conversion, Stealing, and Abuse of Office
- EFCC Alleges Jumped Bail and Uncooperative Behavior
- Arraignment Rescheduled for January 20, 2025
The Lagos State Special Offences Court in Ikeja has issued a bench warrant for the arrest of Ahmed Kuru, the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), over allegations of N76 billion and $31.5 million fraud.
Justice Mojisola Dada ordered Kuru’s arrest on Tuesday after he failed to appear for his arraignment, which was scheduled by the Economic and Financial Crimes Commission (EFCC). The case also involves the Managing Director of Arik Air, Captain Roy Ilegbodu, the airline’s receiver manager, Kamilu Omokide, Union Bank Plc, and Super Bravo Limited.
The defendants face six charges, including making false statements, fraudulent conversion, abuse of office, stealing, and dishonest conversion of property, which allegedly violate Lagos State laws.
When the case was called, Kuru and his lead counsel, Olasupo Shasore (SAN), were absent, prompting EFCC prosecutor Dr. Wahab Shittu (SAN) to request the arrest warrant. Shittu argued that Kuru had evaded administrative bail and failed to cooperate with the investigation.
“Someone who is a former MD of AMCON is not supposed to behave that way,” Shittu said, emphasizing Kuru’s disappearance and blocked contact.
Justice Dada upheld the request and issued the warrant but noted that the order would remain in effect until the next adjourned date, January 20, 2025, when Kuru is expected to appear for arraignment.
Despite a late announcement of representation by lawyer I.B. Amefula, the court refused to lift the bench warrant, stressing the seriousness of the charges. The judge adjourned the case to give Kuru an opportunity to comply with the court’s directives.
