The Financial and Monetary Crimes Fee (EFCC) has filed costs towards Ahmed Kuru, former Managing Director of the Asset Administration Company of Nigeria (AMCON), and a number of other high executives of Arik Air, together with  Roy Ilegbodu and Kamilu Omokide, over their involvement in an alleged N76 billion mortgage fraud.

The accused people are going through trial for his or her roles in a scandal that has despatched shockwaves by means of each the aviation and banking sectors. The costs stem from fraudulent monetary actions, together with deceptive AMCON about Arik Air’s mortgage efficiency and the unlawful conversion of firm belongings for private use.

The case was introduced earlier than Justice Mojisola Dada of the Particular Offences Courtroom in Ikeja, Lagos, on Thursday, December 12, 2024. The courtroom adjourned the proceedings to January 20, 2025, for the formal arraignment of Ahmed Kuru, former MD of AMCON, who had failed to look for the preliminary arraignment.

The courtroom had issued a bench warrant for Kuru’s arrest on December 3, 2024, after his failure to attend. The costs spotlight a number of alleged fraudulent actions, together with a false report back to AMCON about Arik Air’s mortgage standing, which led to the switch of N71 billion to AMCON.

Different counts accuse Kuru, Ilegbodu, and Omokide of changing funds for his or her private use and authorizing the destruction of an plane valued at $31.5 million. At Thursday’s courtroom session, Kuru’s counsel, Olasupo Shasore, assured the courtroom that his consumer would seem for the January arraignment.

In response, Wahab Shittu, prosecution counsel indicated no objection, noting the signed enterprise to make sure Kuru’s presence. Justice Dada subsequently revoked the bench warrant, permitting the case to proceed.

The courtroom adjourned the matter to January 20, 2025, for the arraignment of all accused people.