Thursday, October 9, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home Corruption Crusade

Alleged N75bn, $31.5m Fraud: EFCC Arraigns Ex-AMCON MD, Ahmed Kuru Jan. 20

He is to be arraigned alongside Capt. Roy Ilegbodu, Managing Director of Arik Air, Kamilu Omokide, Receiver Manager of Arik Air, Union Bank Nigeria Plc and Super Bravo Limited over an alleged N75bn and $31.5m fraud.

Newsroom Nigeria by Newsroom Nigeria
December 13, 2024
in Corruption Crusade, News
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, December 12, 2024, adjourned till January 20, 2025 the arraignment of a former Managing Director of Assets Management Corporation of Nigeria AMCON, Ahmed Kuru, for an alleged N76bn and $31.5 million fraud.

He is to be arraigned alongside Capt. Roy Ilegbodu, Managing Director of Arik Air, Kamilu Omokide, Receiver Manager of Arik Air, Union Bank Nigeria Plc and Super Bravo Limited over an alleged N75bn and $31.5m fraud.

Related posts

Union Bank Strengthens Media Ties at Informal Mixer Event

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025
TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

October 7, 2025

The court had on Tuesday, December 3, 2024, issued a bench warrant for the arrest of Kuru for failing to appear in court for his arraignment over an alleged N75bn and $31.5m Fraud.

Count one reads: “That you, Union Bank Nigeria Plc, sometime in 2011 or thereabouts, in Lagos, within the jurisdiction of this Honourable Court, with the intention of causing and/or inducing unwarranted sale of Arik Air loans and bank guarantees with Union Bank, made false statements to the Assets Management Corporation of Nigeria (AMCON), regarding Arik Air Limited’s performing loans, following which you transferred a bogus figure of N71, 000,000,000.00 (Seventy-One Billion Naira) to AMCON.”

Count two reads: “That you, Ahmed Lawal, Kuru, Kamilu Alaba Omokide as Receiver Manager of Arik Air Limited, and Captain Roy Ilegbodu, Chief Executive Officer of Arik Air Limited in Receivership, sometime in 2022 or thereabout, in Lagos, within the jurisdiction of this honourable court, fraudulently converted to the use of NG Eagle Limited the total sum of N4,900,000,000.00 (Four Billion Nine Hundred Million Naira only), property of Arik Air Limited”.

Count five reads: “That you, Kamilu Alaba Omokide, Ahmed Lawal Kuru and Capt. Roy Ilegbodu, on the 12th day of February, 2022 or thereabout, in Lagos, within the jurisdiction of this Honourable Court, being public officers, directed to be done in abuse of the authority of your office and with intention of obtaining undue advantage for yourself and cronies an arbitrary act, to wit: intentionally authorizing the tear down and destruction of 5N-JEA with Serial No. 15058 valued at $31.5million (Thirty One Million, Five Hundred Thousand Dollars), an arbitrary act, which act is prejudicial to the economic stability of the Federal Republic of Nigeria and Arik Air Limited”.
Earlier at Thursday’s sitting , Kuru’s counsel, Olasupo Shasore, SAN had, in a motion on notice dated December 12, 2024, signed an undertaking and assured the court that he would produce his client for an arraignment on January 20, 2025.
Responding, the prosecution counsel, Wahab Shittu, SAN, did not object to the application on the grounds that Shasore had signed an undertaking to produce his client for an arraignment and ensure that he attends his trial.

“My lord, if the learned silk is assuring the court that the second defendant will be available on January 20 for his arraignment, we will not be objecting the application.

“We could not contact him the way others were contacted and his counsel has signed an undertaking that he will produce him. Knowing the consequences of the undertaking, the prosecution will not be objecting to the revocation of the bench warrant against the second defendant.”
Consequently, Justice Dada, in a short ruling, set aside the bench warrant earlier issued against Kuru, in view of his presence in court on Thursday.

Justice Dada, thereafter, adjourned the case till January 20, 2025, being the earlier scheduled date for the arraignment.

 

ShareTweetSendShareShare
Previous Post

Stakeholders Demand Urgent Climate Accountability and Flood Preparedness Post-COP29

Next Post

OURANOS Group Appoints Mfon Okon as Group Managing Director and CEO

Related Posts

Union Bank Strengthens Media Ties at Informal Mixer Event
BANKING

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025
TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM
News

TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

October 7, 2025
Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman
News

Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman

October 7, 2025
NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead
News

NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead

October 5, 2025
No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day
BANKING

No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day

October 1, 2025
At UNGA80: Reform Or Risk Irrelevance, President Tinubu Tells UN, World Leaders
News

At UNGA80: Reform Or Risk Irrelevance, President Tinubu Tells UN, World Leaders

September 25, 2025
Next Post

OURANOS Group Appoints Mfon Okon as Group Managing Director and CEO

RECOMMENDED NEWS

Over 55 Million Naira at Stake as Union Bank’s Save & Win Promo Returns

3 years ago

METRO AND CASTLE OPENS THIRD SUPERMARKET IN FIVE YEARS

1 year ago

Viewpoint: Tinubu’s Quest to Overcome the Power Sector Gridlock By Temitope Ajayi

9 months ago

Alleged N8.5bn Fraud: You Have Case To Answer, Lagos Court Tells NIMASA Staff, Ex-JTF Commander

1 year ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • LAGOS, OSUN STAKEHOLDERS REJECT PDP ZONING, RALLY FOR GBENGA HASHIM

    South Rejected Tinubu in 2023, North and South Will Reject Him in 2027 — Gbenga Hashim’s Group

    0 shares
    Share 0 Tweet 0
  • NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT  AMUPITAN AS INEC CHAIRMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS RESIGNATION OF GEOFFREY NNAJI AS MINISTER

    0 shares
    Share 0 Tweet 0
  • HEDA Drags Ozekhome, Son to ICPC Over Alleged Fraud, Forged IDs and London Property Grab

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.