• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Saturday, May 16, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

Alleged Arik N76bn fraud: Court orders bench warrant for ex-AMCON MD

Nathaniel Irobi by Nathaniel Irobi
December 3, 2024
in News
0
Alleged Arik N76bn fraud: Court orders bench warrant for ex-AMCON MD
0
SHARES
10
VIEWS
FacebookTwitterWhatsappEmailTelegram
An Ikeja Special Offences Court on Tuesdayissued a bench warrant for the Former Managing Director of Assets Management Cooperation of Nigeria (AMCON) Ahmed Kuru, in the alleged Arik Airline N76 billion and $31.5 million fraud.

Other defendants are former Receiver Manager of Arik Airline Ltd, Kamilu Omokide, Chief Executive Officer of the airline, Captain Roy Ilegbodu, Union Bank Ltd and Super Bravo Ltd.

Justice Mojisola Dada issued the bench against Kuru after the arraignment was stalled due to his absence.

RelatedPosts

‘Not an easy decision ‘—30-year-old Buba withdraws from house of reps race

Police Charge Kano Cleric with Cybercrime Over Insults to Late Sheikh Bauchi

Trump acknowledges Nigerian government’s ‘partnership’ in killing of ISIS leader

Dada said that she would revoke the bench warrant at the next adjourned date if the second defendant is present in court.

The judge adjourned the case until Jan. 20 2025 for arraignment.

The News Agency of Nigeria (NAN) reports that the five defendants were charged with theft, abuse of office, making false statements to public officer and stealing by dishonestly taking the property of another, proffered against them by the Economic and Financial Crimes Commission (EFCC).

When the case was called, Dr Wahab Shittu (SAN) appeared for the prosecution.

Prof Taiwo Osipitan (SAN) appeared for the first and third defendant, Mr Olalekan Ojo (SAN) for the fourth defendant, Mr Tayo Oyetibo (SAN) for the fifth defendant while Mr I.B. Amefula appeared for the second defendant holden brief of Mr Olasupo Sashore (SAN).

EFCC Counsel, Shittu prayed the court to issue warrant of arrest against the second defendant due to the absence.

ALSO READ:  I’m not afraid of you. You can’t silence my voice – Senator Natasha tells Akpabio over heated argument on seat arraignment

Shittu submitted that the prosecution could not longer arraign of the defendants because Kuru was not on court.

According to him, the former MD of AMCON has jumped administrative bail on several occasions.

He said: “My lord, the second defendant jumped administrative and blocked his contacts.

“In view of his attitude, we urge the court to issue bench warrant.

“My lord, all the defendants in this case were served but they got to the residence of the second defendant, the man had disappeared.

“Someone who is the former MD of AMCON is not supposed to behave that way.”

The Lead Counsel to Omokide (first defendant) and Ilegbodu (third defendant), Prof Taiwo Osipitan (SAN) prayed the court to allow his clients continue to enjoy the administrative bail given to them by EFCC.

The EFCC alleged that the defendants of abuse of office and stealing property belonging to Arik Airline.

The anti graft agency alleged that sometime in 2011, Union Bank Nigeria with the intention of causing and/or inducing unwarranted sale of Arik Air loans and bank guarantees Union Bank, made false statements to the Assets Management Cooperation of Nigeria regarding Arik Air Ltd’s performing loans ànd later transferred the sum of N71 billion to AMCON.

The commission also alleged that Kuru, Omokide and

Ilegbodu sometime in 2022, fraudulently converted to their use of NG Eagle Ltd the total sum of N4,9 billion.

The anti-graft agency also alleged the CEO of Arik stole the sum of N22.5 million by fraudulently converting same to the use of Magashi Ali Mohammed, property of Arik Air Ltd.

ALSO READ:  Senate Inaugurates Standing Committee to Ensure Compliance with Resolutions

The EFCC also alleged the defendants obtained undue advantage for themselves and intentionally authorized the tear down and destruction of 5N-JEA with Serial No. 15058 valued at 31.5 million dollars , an arbitrary act, which was prejudicial to the economic stability of the Federal Republic of Nigeria and Arik Air Limited.

According to the prosecution, the alleged offences contravene Sections 73, 96, 278(1) and 278(6) of the criminal law of Lagos State 2015. (NAN)

Previous Post

Reps to Tinubu: Direct Finance minister to unfreeze NSIPA’s accounts within 72 hours’

Next Post

Okpebholo gives Edo LG Chairmen 48 hours to submit financial statements

Nathaniel Irobi

Nathaniel Irobi

Related Posts

‘Not an easy decision ‘—30-year-old Buba withdraws from house of reps race

‘Not an easy decision ‘—30-year-old Buba withdraws from house of reps race

by Elanza
May 16, 2026
0

Mahmud Sadis Buba, popularly known as Al-ajabin Zazzau, has withdrawn from the race to represent Sabon Gari Federal Constituency at...

Police Charge Kano Cleric with Cybercrime Over Insults to Late Sheikh Bauchi

Police Charge Kano Cleric with Cybercrime Over Insults to Late Sheikh Bauchi

by Nathaniel Irobi
May 16, 2026
0

The Nigeria Police Force has filed six cybercrime charges against a Kano-based Islamic cleric, Sheikh Adam Zubair Adam, known as...

Trump acknowledges Nigerian government’s ‘partnership’ in killing of ISIS leader

Trump acknowledges Nigerian government’s ‘partnership’ in killing of ISIS leader

by Elanza
May 16, 2026
0

United States President Donald Trump has recognised the federal government for its “partnership” in the operation that led to the...

Next Post
Okpebholo gives Edo LG Chairmen 48 hours to submit financial statements

Okpebholo gives Edo LG Chairmen 48 hours to submit financial statements

Reps order investigation into recurring boast mishaps on Nigeria’s Waterways

Reps order investigation into recurring boast mishaps on Nigeria’s Waterways

Recommended

Tinubu: We’ve Turned Economy Around

Kanu’s Trial May Cost Tinubu 2027 Election — Ohanaeze Council Says

4 days ago
Family Alleges Teen’s Forced Conversion and Marriage in Kano

Family Alleges Teen’s Forced Conversion and Marriage in Kano

5 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Court Rejects Stay of Execution Bid Against United Methodist Church

    0 shares
    Share 0 Tweet 0
  • The Political Imprint Of Dr. Hadiza Balarabe On Sanga Politics

    0 shares
    Share 0 Tweet 0
  • Movement For Better Taraba Endorses Danji SS for Governor, Calls for APGA Support

    0 shares
    Share 0 Tweet 0
  • Nigerian Govt laments gaps in polio eradication despite $500m spent

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (833)
  • Education (276)
  • Entertainment (404)
  • Health (251)
  • National (3,315)
  • News (10,335)
  • Opinion (443)
  • Politics (2,147)
  • Science (15)
  • Security (421)
  • Sports (718)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform