Ex-AMCON Boss Ahmed Kuru Fails to Appear in Court, Bench Warrant Issued for His Arrest

Ahmed Kuru, the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), was absent in court on Monday, where he was scheduled to face a six-count charge for alleged theft of Arik Air’s property and abuse of office.

EKO HOT BLOG reports that Kuru, alongside Arik Air’s current Managing Director, Captain Roy Ilegbodu, the receiver manager of Arik, Kamilu Omokide, Union Bank PLC, and Super Bravo Limited, were due to be arraigned before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, by the Economic and Financial Crimes Commission (EFCC).

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The complainants in the case are the founder of Arik, Johnson Arumemi, and its shareholders, with the petition signed by their lawyer, Senior Advocate of Nigeria, Femi Falana.

Among the charges, Union Bank is accused of making false statements to induce the unwarranted sale of Arik Air loans and bank guarantees, resulting in a fraudulent transfer of N71 billion to AMCON, in violation of the Criminal Law of Lagos State 2015.

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In another charge, Kuru, Omokide, and Ilegbodu are accused of stealing and fraudulently converting N4.9 billion in 2022 for the benefit of NG Eagle Limited. Kuru is also accused of authorizing the illegal incorporation of NG Eagle Limited, an act allegedly committed in abuse of his office.

Additional charges include the theft of N22.5 million by Captain Ilegbodu, destruction of an Arik Air aircraft valued at $31.5 million, and the conversion of three Boeing aircrafts belonging to Arik Air to Super Bravo Limited.

Justice Dada has issued a bench warrant for Kuru’s arrest following his failure to attend the trial.

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