The Special Offences Court in Ikeja, Lagos, presided over by Justice Mojisola Dada, has adjourned the arraignment of the former Managing Director of the Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, to January 20, 2025.
Kuru is facing charges related to an alleged N75 billion and $31.5 million fraud.
Kuru is to be 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 court had earlier issued a bench warrant for Kuru's arrest on December 3, 2024, after he failed to appear for his scheduled arraignment.
The charges include allegations of false statements made to AMCON by Union Bank in 2011 regarding Arik Air loans, fraudulent conversion of N4.9 billion in 2022 by Kuru and his co-defendants, and the unauthorized destruction of an aircraft valued at $31.5 million, among other offenses.
At Thursday’s sitting, Kuru’s counsel, Olasupo Shasore (SAN), assured the court that his client would be present for arraignment on January 20, 2025. This assurance led the prosecution counsel, Wahab Shittu (SAN), to support the revocation of the bench warrant issued against Kuru.
Justice Dada, in her ruling, set aside the warrant, noting Kuru’s presence in court and the assurance provided by his counsel. The case has been adjourned to January 20, 2025, for arraignment.
