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N80bn fraud: Court orders former AMCON MD’s arrest

The Lagos State Special Offences Court in Ikeja, on Tuesday, issued a bench warrant against the former Managing Director of the Asset Management Corporation of Nigeria, Ahmed Kuru, over alleged N76bn and $31.5m of fraud.
Justice Mojisola Dada ordered Kuru’s arrest for failing to appear before the court for his arraignment by the Economic and Financial Crimes Commission.
The court had scheduled Tuesday to arraign Kuru along with the Managing Director of Arik Air, Captain Roy Ilegbodu, the receiver manager of Arik, Kamilu Omokide, Union Bank Plc, and a company, Super Bravo Limited, for alleged N76bn and $31.5m fraud.
They are facing six counts bordering on making a false statement, fraudulent conversion, abuse of office, stealing, and dishonest conversion of property.
According to the EFCC, the offences committed contravened Section 96 of the Criminal Law of Lagos State 2015 and Sections 278 (1) (b) and 278(6) of the Criminal Law of Lagos State 2011.
However, the arraignment could not go on due to the absence of Kuru and his lead counsel, Olasupo Shasore (SAN).
Earlier, when the case was called, the EFCC’s prosecuting counsel, Dr. Wahab Shittu (SAN), announced his appearance while Prof. Taiwo Osiptan (SAN) appeared for the first defendant (Kamilu Omokide ) and the third defendant ( Captain Roy Ilegbodu).
Olalekan Ojo (SAN) announced his appearance for the fourth defendant (Union Bank of Nigeria Plc), while Tayo Oyetibo SAN appeared for the fifth defendant (Super Bravo Limited).
However, the second defendant (Ahmed Kuru) was absent from court and was not represented.
The court then issued a bench warrant against Kuru.
However, as the judge was about to adjourn the case, she was informed that Kuru was on his way to court. So, she stood the case down for a while.
When the court recovened, Kuru was still absent but a lawyer, I.B. Amefula, announced appearance as Kuru’s lawyer.
However, Shittu, displeased by the development, prayed the court to issue a warrant for Kuru’s arrest.
“The former MD of AMCON had jumped administrative bail granted by the EFCC on several occasions.
“In view of the attitude of the second defendant, we urge the court to issue a 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. He had blocked his contact.
“Someone who is a former MD of AMCON is not supposed to behave that way,” Shittu argued.
Justice Dada granted Shittu’s prayer and issued a bench warrant against Kuru.
The plea by Amefula for the judge to lift the bench warrant was declined.
“I will retain the order until the next adjourned date. When he is here on the next adjourned date I will revoke the order,” the judge said and adjourned till January 20, 2025 for the arraignment.
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Hon. Nnamchi Begins Street Lights Deployment In Isi Uzo(Photos)

Honourable Paul Sunday Nnamchi, representing Enugu East/Isi Uzo Federal Constituency in the 10th House of Representatives, has fulfilled his promise to illuminate communities in Isi Uzo Local Government Area.
The lawmaker has just begun the deployment of high-density solar-powered street lights in Ikem Nkwo, marking the beginning of a massive rollout of the street lamps across the communities in Isi Uzo.
This initiative, which started in Enugu East Local Government Area in 2024, aims to support the fight against insecurity in the state which according to him was to add to what Chief Security Officer of Enugu State Barrister Peter Mba had done to secure the state to attracts foreign investments.
The lawmaker expressed concern over banditry attacks, particularly by herdsmen, in some communities within Isi Uzo and Enugu East Local Government Areas in the recent pasts.
He believes that illuminating these areas with high-density street lights would help address the insecurity adding that he was prioritizing border and farming communities in Isi Uzo, where banditry has displaced residents and restricted farming activities.
Communities in Ikem, Eha-Amufu in Isi Uzo which borders Enugu and Benue State and Ugwogo-Nike in Enugu East have been vulnerable to these attacks due to their strategic locations.
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May Day: Kalu Hails Workers, Applauds Their Role in Nation Building

By Gloria Ikibah
Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, has extended warm wishes to Nigerian workers as the country marks the 2025 edition of International Workers’ Day.
Kalu praised workers across various sectors for their commitment and resilience, describing them as the engine that keeps the nation moving. He acknowledged their sacrifices and unrelenting drive, especially during tough economic times.
In his message, he highlighted the efforts of the current administration under President Bola Tinubu to improve the welfare of public servants. He referenced the National Assembly’s prompt backing of the new minimum wage as a sign of the government’s seriousness about workers’ wellbeing.
The Deputy Speaker appealed for continued patience and understanding from Nigerians, noting that the ongoing economic reforms, while challenging, are designed to bring long-term relief and prosperity.
Kalu also called for unity, and said the country can only overcome its present difficulties if citizens and leaders work together in good faith.
He therefore urged workers to keep the faith and remain steadfast in their duties, assuring them that brighter days are on the horizon, and wished Nigerian workers a peaceful and fulfilling May Day celebration.
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