A Lagos court has scheduled 20th January 2025 for the arraignment of former Asset Management Corporation of Nigeria (AMCON) Managing Director, Ahmed Kuru, and other individuals accused of fraud.
Kuru, alongside Arik Air Managing Director Roy Ilegbodu, Arik Air Receiver Manager Kamilu Omokide, Union Bank Nigeria Plc, and Super Bravo Limited, will face charges related to alleged N76 billion and $31.5 million fraud.
The charges stem from a petition filed by renowned lawyer Femi Falana on behalf of Arik Air founder Johnson Arumemi and the airline’s shareholders.
The Economic and Financial Crimes Commission (EFCC) alleges that Union Bank made false statements to AMCON regarding Arik Air’s loans and guarantees, leading to the transfer of N71 billion to AMCON.
Furthermore, the EFCC accuses Kuru, Omokide, and Ilegbodu of stealing and fraudulently converting N4.9 billion for the benefit of NG Eagle Limited. They are also accused of intentionally incorporating NG Eagle Limited to gain undue advantage and of authorizing the destruction of a $31.5 million aircraft.
On 3rd December, a bench warrant was issued for Kuru’s arrest after he failed to appear in court. However, his lawyer, Olasupo Shasore, has assured the court of his client’s presence on the scheduled arraignment date. The court has subsequently revoked the bench warrant.
