Ahmed Lawal Kuru, the former Managing Director of the Assets Management Cooperation of Nigeria (AMCON), has been charged with six more crimes by the Nigerian government for embezzling N20 billion in public monies.
The accusations, which were acquired on Thursday, claimed that Ahmed Kuru and others conspired to steal and steal assets belonging to the Asset Management Corporation of Nigeria (AMCON).
It reads: “Through the Heritage Bank Limited to the use of SIGMA GOLF NIGERIA LIMITED for the acquisition of Keystone Bank Limited.”
The Federal Republic of Nigeria and Ahmed Lawal Kuru, Umaru Hamidu Modibbo, and Sigma Golf Nigeria Limited are the first through third defendants in the accusations filed at the Ikeja Judicial Division of the Lagos State High Court on October 24, 2024, according to court documents.
The Economic and Financial Crimes Commission (EFCC) Chairman, through Rotimi Oyedepo Iseoluwa, SAN, filed the case on behalf of the federal government through Abba Mohammad, SAN, Bilkisu Buhari Bala, Esq., Suleiman I. Suleiman, Esq., Chineye. C. Okezie, Esq., Muhammad Abbas Omeiza, Esq., Hannatu Umar Kofarnaisa, Esq., Zeenat Atiku Bala, Esq., and Abubakar Salihu Wara, Esq.
According to Section 280 of the Lagos State 2011 Criminal Law, the crimes that amounted to criminal conspiracy and theft are penalised by Section 287. Kuru and his co-defendants were charged in count three with transferring property obtained via unlawful means to hide its illegal origin and avoid legal repercussions, which is against Section 332(1) of the Lagos 2011 Criminal Law and punished under Section 332(3).
BrandSpur banking and finance news reports that a few of the charges are as follows:
i. “AHMED KURU, UMARU HAMIDU MODIBBO, IFIE SEKIBO (AT LARGE) and SIGMA GOLF NIGERIA LIMITED sometime in 2016 in Lagos, within the jurisdiction of this honourable Court dishonestly Converted the total sum Twenty Billion Naira (N20, 000, 000, 000) Property of Asset Management Corporation of Nigeria through Heritage bank Limited to the use of SIGMA GOLF NIGERIA LIMITED for the acquisition of Keystone Bank Limited.
ii. “AHMED KURU, UMARU HAMIDU MODIBBO, IFIE SEKIBO (AT LARGE) AND SIGMA GOLF NIGERIA LIMITED on the 17th of November, 2016 in Lagos within the jurisdiction of this honourable Court transferred the aggregate sum of Ten Billion Naira (N10, 000,000,000) derived directly from an illegal act to wit: stealing with the aim of concealing the illegal origin of the said sum and to evade the legal consequences of your action,” it added.
According to count 4, on November 23, 2016, in Lagos, AHMED KURU, UMARU HAMIDU MODIBBO, IFIE SEKIBO (AT LARGE), AND SIGMA GOLF NIGERIA LIMITED allegedly within the court’s jurisdiction, “Transferred the aggregate sum of Ten Billion Naira (N10, 000,000,000) derived directly from an illegal act to wit: stealing with the aim of concealing the illegal origin of the said sum and to evade the legal consequences of your action.
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Continuing, “Count 5: AHMED KURU, UMARU HAMIDU MODIBBO, IFIE SEKIBO (AT LARGE) and SIGMA GOLF NIGERIA LIMITED on 17th November 2016 in Lagos, within the jurisdiction of this honourable Court dishonestly Converted to the use of SIGMA GOLF NIGERIA LIMITED the total sum Ten Billion Naira (N10, 000, 000, 000) Property of Asset Management Corporation of Nigeria through Heritage bank Limited to the use of SIGMA GOLF NIGERIA LIMITED for the acquisition of Keystone Bank Limited.
“COUNT 6: AHMED KURU, UMARU HAMIDU MODIBBO, IFIE SEKIBO (AT LARGE) and SIGMA GOLF NIGERIA LIMITED on 23rd November, 2016 in Lagos, within the jurisdiction of this honourable Court dishonestly Converted to the use of SIGMA GOLF NIGERIA LIMITED the total sum Ten Billion Naira (N10, 000, 000, 000) Property of Asset Management Corporation of Nigeria through Heritage bank Limited to the use of SIGMA GOLF NIGERIA LIMITED for the acquisition of Keystone Bank Limited.”
