Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, has adjourned the arraignment of Ahmed Kuru, a former Managing Director of the Assets Management Corporation of Nigeria (AMCON), to January 20, 2025. Kuru faces charges of alleged fraud involving N76 billion and $31.5 million.
Kuru is being arraigned alongside Captain Roy Ilegbodu, Managing Director of Arik Air; Kamilu Omokide, Receiver Manager of Arik Air; Union Bank Nigeria Plc; and Super Bravo Limited. The charges include conspiracy, fraudulent conversion, and false declarations related to Arik Air’s loans and assets.
The court had earlier issued a bench warrant for Kuru’s arrest on December 3, 2024, after he failed to appear for his arraignment.
According to one of the charges, Union Bank allegedly provided false information to AMCON in 2011 regarding Arik Air’s performing loans, leading to the transfer of N71 billion to AMCON under dubious circumstances. Another charge accuses Kuru, Omokide, and Ilegbodu of fraudulently diverting N4.9 billion belonging to Arik Air to NG Eagle Limited in 2022.
Justice Dada adjourned the case to allow the defendants to be properly arraigned.
