Ex-AMCON MD's alleged N76b, $31.5m fraud trial: Court asks EFCC to disclose evidence
Justice Rahman Oshodi of the Special Offences Court in Ikeja has adjourned the trial of former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, till October 6, 7, and 8.
At the resumed proceedings yesterday, the court ordered the Economic and Financial Crimes Commission (EFCC) to serve both the defence and the court with key investigative documents.
The documents include the E-statement of Keystone Bank and a report from the Central Bank of Nigeria (CBN).
In a ruling, the trial judge mandated the prosecution to ensure full disclosure of evidence in the ongoing N20 billion fraud case.
While the former AMCON boss pleaded not guilty to the charges, Sigma Golf, through its Chairman, Alhaji Umaru Hamidu Modibbo, entered a guilty plea under a plea bargain arrangement.
Delivering judgment on the plea bargain, Justice Oshodi convicted the company and ordered the forfeiture of all its rights and interests in a unit of Keystone Bank’s shares to the Federal Government.
Kuru was arraigned on February 11, this year, before the court.
The EFCC charged him and four others with alleged fraud of N76 billion and $31.5 million before Justice Mojisola Dada.
The other defendants are: former Receiver Manager of Arik Air Limited, Kamilu Omokide; the Chief Executive Officer of the airline, Capt. Roy Ilegbodu; Union Bank, and Super Bravo Limited.
They are standing trial on a five-count charge that borders on theft, abuse of office, and dishonestly taking the property of another.
Kuru was earlier standing trial on an amended six-count charge alongside Sigma Golf Nigeria Limited, now convicted after a plea bargain agreement.
