The last is yet to be heard about alleged atrocities committed by former Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawal Kuru, as the Economic and Financial Crimes Commission (EFCC) has filed a fresh six count charge against him and two others for stealing N20 billion from AMCON to purchase Keystone Bank.

Others charged with Kuru are Umaru Hamidu Modibbo,and Sigma Golf Nigeria Limited.

Only two days ago, on December 3, Kuru and and four others were to be arraigned before Justice Mojisola Dada of the Special Offences Court, Ikeja over N76 billion fraud and inducing an unwarranted sale of Arik Air despite the Airline’s performing loans.

The fresh charges have been filed before Justice Oshodi Hakeem Oshodi of the Special Offences Court, Ikeja,Lagos. Sources close to the anti graft agency disclosed that the arrangement ought to have taken place but for the lawyers of the defendants who are trying to push arraignment till 2025.

Meanwhile, Kuru’s lawyer, Olasupo Shasore, a former Attorney General and Commissioner for Justice, Lagos State has undertaken to produce him in court in the next adjourned date, urging EFCC chairman, Ola Olukoyede to suspend the bench warrant that Justice Dada issued for his arrest for failing to appear before the court to take his plea.

BETWEEN
REF/95870/2024
IN THE HIGH COURT OF LAGOS STATE IN THE LAGOS JUDICIAL DIVISION
HOLDEN AT IKEJA

FEDERAL REPUBLIC OF NIGERIA
AND
1. AHMED KURU
2. UMARU HAMIDU MODIBBO

3. SIGMA GOLF NIGERIA LIMITED

11:50

INFORMATION
At the Criminal Division of the High Court of Lagos State, holden at Lagos on the day of ………… 2024, the Court is informed by the Executive Chairman of the Economic and Financial Crimes Commission on behalf of the Federal Republic of Nigeria that:
AHMED KURU, UMARU HAMIDU MODIBBO AND SIGMA GOLF NIGERIIA LIMITED are charged with the following offences:

STATEMENT OF OFFENCE – 1ST COUNT
Conspiracy to Steal contrary to Section 411 and punishable under Section 280 of the Criminal Law of Lagos State 2015.
PARTICULARS OF OFFENCE
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 conspired amongst yourselves to commit felony, to wit: stealing by dishonestly Converting the total sum of 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

STATEMENT OF OFFENCE – 2ND COUNT
Stealing contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State 2011.
PARTICULARS OF OFFENCE
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.

STATEMENT OF OFFENCE – 3RD COUNT
Transfer of Property derived from an illegal act with the aim of concealing the illegal origin and to evade the legal consequences contrary to Section 332(1) of the Criminal Law of Lagos 2011 and punishable under Section 332(3)

PARTICULARS OF OFFENCE
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.

STATEMENT OF OFFENCE – 4TH COUNT
Transfer of Property derived from an illegal act with the aim of concealing the illegal origin and to evade the legal consequences contrary to Section 332(1) of the Criminal Law of Lagos 2011 and punishable under Section 332(3)
PARTICULARS OF OFFENCE
AHMED KURU, UMARU HAMIDU MODIBBO, IFIE SEKIBO (AT LARGE) AND SIGMA GOLF NIGERIA LIMITED on the 23RD 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.
STATEMENT OF OFFENCE – 5TH COUNT
Stealing contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State 2011.
PARTICULARS OF OFFENCE
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.

STATEMENT OF OFFENCE – 6TH COUNT
Stealing contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State 2011.
PARTICULARS OF OFFENCE
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.

Dated this 24th day of October, 2023
By the Seal of the NIGERIAN BAR ASSOCIATION

ROTIMI, OYEDEDO ISEOLUWA, SAN ABBA MOHAMMAD, SAN
BILKISU BUHARI BALA, ESQ SULEIMAN I. SULEIMAN, ESQ
CHINEYE.C. OKEZIE, ESQ
MUHAMMED ABBAS OMEIZA, ESQ
HANNATU UMAR KOFARNAISA, ESQ ZEENAT ATIKU BALA, ESQ
ABUBAKAR SALIHU WARA, ESQ 08060072100

FOR: EXECUTIVE CHAIRMAN ECONOMIC AND FINANCIAL CRIMES
COMMISSION.

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