Barring any unforeseen circumstances, the Economic and Financial Crimes Commission (EFCC) will, on January 20, 2025, arraign the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, over his alleged involvement in a ₦76 billion fraud.
Justice Mojisola Dada of the Special Offences Court, Ikeja, fixed the date after vacating a bench warrant issued for Kuru's arrest due to his absence on December 3, 2024, for his arraignment.
The judge set aside the arrest warrant after considering submissions from Kuru's counsel, Olasupo Shasore (SAN), who tendered an apology on behalf of his client.
Shasore also assured the court that Kuru would be present for his arraignment on January 20, 2025.
In her ruling, Justice Dada stated: “In view of the attendance of the second defendant in court and the undertaking signed by the learned silk to ensure his attendance in court at any given time, and with no objection from the prosecution, the application of motion on notice is hereby granted, and the bench warrant is set aside.”
It will be recalled that the EFCC had filed a six-count charge against Kuru, alongside the Managing Director of Arik Air, Captain Roy Ilegbodu; Arik’s receiver manager, Kamilu Omokide; Union Bank of Nigeria Plc; and a company, Super Bravo Limited.
The charges include allegations of abuse of office, fraudulent conversion, and making false statements to a public officer.
The case stems from accusations of a ₦76 billion fraud, along with a related $31.5 million fraud involving the defendants.
The arraignment was initially stalled when Kuru failed to appear in court, prompting the EFCC to request a bench warrant for his arrest.
The agency alleged that Kuru had violated the terms of his administrative bail and could not be reached.
While the other defendants appeared in court, Kuru's absence delayed proceedings.
The EFCC accused Kuru and his co-defendants of engaging in financial misconduct involving billions of naira.
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