Saturday, June 14, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE

Court Issues Arrest Warrant for Ex-AMCON MD Over Alleged N76bn Fraud

Arrest Warrant Issued for Former AMCON MD Amid Fraud Allegations

paulcraft by paulcraft
December 3, 2024
in National
Reading Time: 2 mins read
A A
0
Ahmed Kuru
  • Justice Mojisola Dada issues an arrest warrant for Ahmed Kuru due to his absence in court regarding fraud charges against Arik Airline
  • The EFCC has charged Kuru and four others with misappropriating N76 billion and $31.5 million, theft, and abuse of office

Justice Mojisola Dada of the Lagos State Special Offences Court, Ikeja, has issued an arrest warrant for Ahmed Kuru, the former Managing Director of the Assets Management Corporation of Nigeria (AMCON). The warrant was issued on Tuesday due to Kuru’s absence during court proceedings.

The Economic and Financial Crimes Commission (EFCC) has charged Kuru and four others with alleged fraud involving Arik Airline.

The allegations include the misappropriation of N76 billion and $31.5 million, theft, abuse of office, and submission of false statements.

The other defendants include Kamilu Omokide, Arik Airline’s former Receiver Manager, the airline’s CEO Capt. Roy Ilegbodu, Union Bank Limited, and Super Bravo Limited.

READ ALSO

CRASHING FUTURES: Why Nigeria’s insurance industry remains underutilized

Democracy Day: Analysing Nigeria’s democratic journey so far through the lenses of Tinubu, APC and opposition parties

Tinubu’s June 12 episode: Powerful pledges, iconic pardons, and an unforgivable Honour error

Democracy day: Multi-party system and Tinubu’s posturing

The EFCC claims the defendants unlawfully took property belonging to others and misused their positions for personal gain.

During Tuesday’s hearing, the prosecution, led by Dr. Wahab Shittu (SAN), requested the court to issue a bench warrant for Kuru’s arrest.

Shittu argued that Kuru’s absence had delayed the arraignment and revealed that Kuru had repeatedly violated administrative bail conditions and cut off communication.

Shittu stated, “The second defendant has jumped bail multiple times and blocked all contact. Someone of his stature should not act this way. We urge the court to issue a bench warrant.”

Prof. Taiwo Osipitan (SAN), representing Omokide and Ilegbodu, urged the court to allow his clients to maintain their administrative bail.

Other legal representatives included Mr. Olalekan Ojo (SAN) for Union Bank, Mr. Tayo Oyetibo (SAN) for Super Bravo Limited, and Mr. I.B. Amefula, who appeared on Kuru’s behalf.

In her ruling, Justice Dada issued the bench warrant against Kuru, emphasizing that the warrant could be revoked if Kuru appears in court at the next hearing. The case has been adjourned to January 20, 2025, for arraignment.

POPULAR TODAY

    • All
    • National
    • Local News
    • Politics
    • World News
    • Sports
    • XTRA
    No Content Available

    Discussion about this post

    ADVERTISEMENT

    LATEST

    CRASHING FUTURES: Why Nigeria’s insurance industry remains underutilized

    June 13, 2025

    Democracy Day: Analysing Nigeria’s democratic journey so far through the lenses of Tinubu, APC and opposition parties

    June 13, 2025

    Tinubu’s June 12 episode: Powerful pledges, iconic pardons, and an unforgivable Honour error

    June 13, 2025

    Democracy day: Multi-party system and Tinubu’s posturing

    June 12, 2025

    Airport furore: A look into the showdown between Oshiomole and Air Peace

    June 12, 2025

    Democracy day in view: What May 29 gave that June 12 took

    June 12, 2025
    Load More
    NEWS PICKS — WITHIN NIGERIA

    WITHIN NIGERIA MEDIA LTD.

    NEWS, MULTI MEDIA

    WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

    Follow us on social media:

    CORPORATE LINKS

    • About
    • Contacts
    • Report a story
    • Advertisement
    • Content Policy
    • Privacy Policy
    • Terms
     
    • Fact-Checking Policy
    • Ethics Policy
    • Corrections Policy
    • REPORT A STORY
    • PRIVACY
    • CONTACT US

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

    No Result
    View All Result
    • HOME
    • FEATURES
    • NEWS PICKS
      • BREAKING
      • National
      • Local News
      • Politics
      • Diaspora
      • Business
      • Education
      • Sports
      • World News
        • Africa
        • U.S
        • Asia
        • Europe
      • XTRA
    • ENTERTAINMENT
    • MORE
      • GIST
      • ARTICLES
      • VIDEOS

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName