Lagos, Nigeria – The Economic and Financial Crimes Commission (EFCC) arraigned former AMCON chief Ahmed Kuru in Lagos today over ₦20 billion fraud allegations.
The EFCC initiated charges following investigations into financial misconduct during his 2018-2023 tenure at the state debt agency.
Prosecutors allege Kuru diverted public funds through inflated contracts and irregular loan approvals.
This case marks the EFCC’s first major corruption prosecution under President Tinubu’s administration.
Court documents reveal the charges include money laundering and abuse of office.
Observers view this as a test of Nigeria’s renewed anti-graft campaign targeting high-profile financial sector figures.
The arraignment took place before Justice R.A. Oshodi at the Special Offences Court in Ikeja, Lagos.
Kuru was charged alongside Sigma Golf Nigeria Limited, a company implicated in the case.
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The amended six-count charge includes allegations of conspiracy, stealing, and dishonestly taking the property of another.
The EFCC, Nigeria’s foremost anti-graft agency, has accused the former AMCON MD and the company of engaging in fraudulent activities that resulted in the misappropriation of funds.
While details of the case remain forthcoming, the charges suggest a significant breach of trust and financial impropriety.
The arraignment marks a critical step in the EFCC’s ongoing efforts to combat corruption and financial crimes in Nigeria.
The court proceedings are expected to shed light on the specifics of the alleged fraud and determine the culpability of the defendants.
Further updates on the case will be provided as more information becomes available.
