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Alleged fraud: Court sets aside bench warrant against ex-AMCON

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An Ikeja Special Offences Court on Thursday set aside a bench warrant issued against the Former Managing Director of Assets Management Corporation of Nigeria, AMCON, Ahmed Kuru.

Kuru is facing trial over alleged 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.

They were to be arraigned for alleged theft, abuse of office, making false statements to public officers and stealing by dishonestly taking the property of another, proffered against them by the Economic and Financial Crimes Commission, EFCC.

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Justice Mojisola Dada set aside the bench warrant against the second defendant, following his presence in court on Thursday, and a motion on notice filed by his counsel, Mr Olasupo Shasore, SAN.

Justice Dada, in her ruling, set aside the bench warrant in view of the second defendant’s presence in court and adjourned the case until January 20, 2025, the earlier scheduled date for arraignment.

“In view of the attendance of the second defendant in court and the undertaken signed by the learned silk to ensure his attendance in court at any given time and no objection by the prosecution, the second defendant’s application of motion on notice is hereby granted and the bench warrant set aside,” the judge said

Earlier, Shasore, in his motion on notice dated December 12, noted that he had signed an undertaking and assured the court that he would produce his client for arraignment on January 20, 2025 and also made sure that he attended his trial.

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EFCC Counsel, Dr Wahab Shittu (SAN), did not object to the application since the counsel to the second defendant had signed an undertaking to produce him for arraignment.

“My lord, if the learned silk is assuring the court that the second defendant will be available on January 20 for his arraignment, we will not object to the application.

“We could not contact him the ways others were contacted and his counsel signed an undertaking that he will produce him, knowing the consequences of the undertaking, the prosecution will not object to the revocation of the bench warrant against the second defendant,” Shittu said.

NAN reports that the court had on December 3 issued a bench warrant against the former AMCON MD, following his absence in court of arraignment.

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The court had said that the bench warrant would be revoked at the next adjourned date if the second defendant was present in court.

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

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

The commission also alleged that Kuru, Omokide an Ilegbodu sometime in 2022, fraudulently converted to their use of NG Eagle Ltd the total sum of N4.9 billion.

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

The EFCC also accused the defendants of intentionally authorizing the tear down and destruction of 5N-JEA with Serial No. 15058 valued at $31.5 million, 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 offence contravenes the provisions of Sections 73, 96, 278(1) and 278(6) of the criminal law of Lagos State 2015.

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Kalu Leads House Delegation to Ogun for Condolence Visit

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…eulogizes late Onanuga, ex-speaker Bankole’s mother

By Gloria Ikibah

Deputy Speaker of the House of Representatives, Rep. Benjamin Okezie Kalu, CON, has described the late Deputy Chief Whip, Rt. Hon. Adewunmi Oriyomi Onanuga, as an irreplaceable parliamentarian known for her vocal nature and friendly disposition.

Leading a delegation on behalf of the Speaker, Rep. Tajudeen Abbas, Kalu visited Sagamu, Ogun State, on a condolence mission to the late Onanuga’s family.

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Addressing the bereaved, he praised her dedication and influence, noting her unique presence in plenary sessions and unwavering support for her colleagues.

Kalu consoled her mother, Chief Mrs. Comfort Folashade Etutu, and her children, urging them to trust in God for comfort and strength. He assured the family of the House’s continued support and prayed against further untimely deaths in the household.

Earlier, Kalu led the delegation to Abeokuta for the fidau prayers of the late Mrs. Monsurat Atinuke Bankole, mother of former House Speaker Rt. Hon. Dimeji Bankole.

He lauded her sacrifices, which contributed to the success of her children, including the former Speaker’s contributions to the National Assembly.

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N800bn Inadequate for Nigeria’s Road Projects, Minister Umahi Tell Lawmakers

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By Gloria Ikibah

The Minister of Works, Dave Umahi, has described the N800 billion allocated to his ministry in the proposed 2025 budget as grossly insufficient to address Nigeria’s growing road infrastructure needs.

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Umahi stated this during the 2025 budget defence session held on Friday by the House Committee on Works, chaired by Rep. Akin Alabi.

Speaking candidly, Umahi called for an upward review of the ministry’s budgetary allocation, stressing that the current figure would barely make a dent in the nation’s road development agenda.

“We plead with you to help us. N800 billion cannot do anything for us. It cannot address our road needs, and so we plead with you to help us,” the Minister told the lawmakers.

Umahi who emphasised the importance of adequate funding to complete ongoing projects and initiate critical new ones across the country, also stressed that borrowing was a necessary step to bridge the infrastructure gap and stimulate economic growth.

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The Minister underscored the potential economic impact of infrastructure development, stating that it would create jobs and boost local economies.

“When the nation is in recession, you have to borrow money and invest in infrastructure. That is how you emerge from a recession. Infrastructure is a catalyst for economic activities, and this hunger we talk about will become a thing of the past,” he explained.

“Food sellers, sand suppliers, gravel workers, and others will benefit. Support Mr. President, and let’s borrow money to build infrastructure so Nigeria can be great again,” he added.

In response, Chairman of the Committee, assured Umahi that the committee would summon the Minister of Finance and the Head of the Budget Office to clarify the rationale behind the ministry’s limited allocation.

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The session also provided an opportunity for the Minister to address lawmakers’ concerns about the state of roads nationwide, with assurances that the government remains committed to completing ongoing projects.

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NASS Joint Committee Suspends Fire Service Budget Over Irregularities

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By Gloria Ikibah

The National Assembly Joint Committee on Interior has suspended the budget defence of the Federal Fire Service (FFS) following significant discrepancies in the agency’s 2024 budget performance and 2025 proposal.

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At a hearing chaired by Senator Adams Oshiomhole and his counterpart from the House, Chaired by Abdullahi Aliyu Ahmed, lawmakers flagged irregularities, including contradictory figures and inadequate documentation.

The committee uncovered discrepancies in the procurement of firefighting trucks, with similar units priced at N1.5 billion in one instance and N2.5 billion in another, despite being from the same supplier and of identical specifications.

The FFS Controller General, Jaji Abdulganiyu Idris, attributed the difference to variations in tanker sizes but failed to provide adequate supporting documentation.

Senator Oshiomhole criticized the inconsistencies, stating, “This reeks of over-padding or over-invoicing. Your written submission does not align with your explanation, and we cannot overlook this.”

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Lawmakers also raised concerns about unclear contract commitments and an outstanding payment of N603 billion for ongoing projects, which lacked proper specifications.

Oshiomhole emphasized fiscal responsibility, saying, “Every N10 wasted by MDAs adds up. Our duty is to ensure that every naira benefits Nigerians, especially the poor.”

The committee further queried the FFS over unverified revenue remittances. Idris presented manual receipts as evidence, but the lawmakers rejected them, demanding proper bank statements and confirmation from the Accountant-General’s office.

As a result, the committee stepped down the FFS budget defence, instructing the agency to rectify its submission. Oshiomhole warned, “Submit a revised presentation with accurate figures, or risk zero allocation in 2025.”

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The decision underscores the lawmakers’ commitment to accountability and efficient use of public funds, urging the FFS to address the issues promptly to secure its funding.

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