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EFCC arraigns ex-AMCON MD Kuru, four others over N76bn fraud
EFCC arraigns ex-AMCON MD Kuru, four others over N76bn fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned a former Managing Director of Assets Management Corporation of Nigeria (AMCON) Ahmed Kuru and four others for allegedly defrauding Arik Airline of N76 billion and another $31.5 million.
The other four defendants are a former Receiver Manager of Arik Airline Ltd, Kamilu Omokide (who is listed as the first defendant) Chief Executive Officer of the airline, Captain Roy Ilegbodu (listed as the third defendant), Union Bank Ltd (named as the fourth defendant) and a company, Super Bravo Ltd, which is named as the fifth defendant.
Union Bank was charged with one count of making false statements to public officers while the other four defendants were arraigned on a five-count charge bordering on theft, abuse of office, and stealing by dishonestly taking the property of another.
The defendants, however, pleaded not guilty at their arraignment.
Following their plea, counsel to the first and third defendants, Taiwo Osipitan (SAN), told the court that he had a pending application for the bail of his clients which had been filed on Nov. 28 and November 29, 2024.
Osipitan asked the court to grant his clients bail on liberal terms.
According to him, the first defendant has no criminal records and was currently on administrative bail as granted him by the EFCC which he never jumped.
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He added that the first and third defendants had an opportunity to escape but did not.
Counsel to the EFCC, Wahab Shittu (SAN), raised objections to the grant of bail.
According to him, the two defendants were facing serious offences of economic sabotage and the temptation to leave the country was very high.
He, however, agreed with the counsel that they were presumed innocent pending the determination of the court. He instead suggested that the court grant an accelerated hearing of the case as well as the seizure of the defendants’ passports to ensure that they come for their trial.
The counsel to Kuru who is named as the second defendant, Olasupo Shasore (SAN), in his application for bail asked the court to also grant bail to his client on self-recognizance.
Shasore, in his bail application, supported by 17 paragraphs of affidavits, argued that bail application was to secure the attendance of defendants in court.
He said it was correct that the second defendant was placed on administrative bail by EFCC.
Shasore thereafter urged the court to grant bail to the defendant on self-recognition and also on the terms that were earlier given by the court when the bench warrant against him was set aside.
The prosecution in his counter affidavits dated January 17, opposed the bail application of the second defendant.
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He said the second defendant’s application for bail was incompetent and should be struck out.
Shittu cited relevant laws to buttress his argument.
He said: “My lord the record of this court is to the effect that the second defendant, at one point absconded in which your lordship had to issue a bench warrant.
“Learned silk for the second defendant is not the defendant on trial and it is very unhealthy for a counsel to stand as a surety for a defendant.
“I urge my lord, in exercising his discretion to take all this into consideration because our concern is the appearance of the second defendant so that he does not abscond.”
After listening to the arguments from the parties, Justice Mojisola Dada granted bail to the defendants in the sum of N20 million each with one surety each in like sum.
Dada said the sureties must be gainfully employed and must depose to means of identification.
She also directed the defendants to submit their passports to the registrar of the court.
The defendants are to remain in the custody of their respective counsel pending the perfection of their bail conditions.
Justice Dada then adjourned to March 17 for the commencement of the trial.
EFCC arraigns ex-AMCON MD Kuru, four others over N76bn fraud
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Saraki Denies Offa Robbery Link, Accuses AbdulRazaq of Witch-Hunt
Saraki Denies Offa Robbery Link, Accuses AbdulRazaq of Witch-Hunt
Former Senate President, Bukola Saraki, has strongly denied any involvement in the 2018 Offa armed robbery, accusing Kwara State Governor, AbdulRahman AbdulRazaq, of reviving “baseless allegations” to pursue a political witch-hunt.
In a statement issued on Friday, Saraki described attempts to initiate criminal proceedings against him as “insidious,” insisting he has no direct or indirect link to the crime or any form of criminal activity. He said he was compelled to respond due to growing public concern and what he described as deliberate efforts to mislead Nigerians.
Saraki further alleged that the Offa robbery case was politicised from the outset, claiming it was used during the administration of Muhammadu Buhari as a tool to weaken his political influence ahead of the 2019 general elections. According to him, the renewed claims are part of a broader attempt to tarnish his image following his recent comments on insecurity in Kwara State.
The former Senate President also cited legal advice from the Office of the Attorney General of the Federation, noting that the Director of Public Prosecution (DPP) had twice found no evidence linking him to the Offa robbery. He explained that the reports concluded there was no nexus between him and the suspects and that no prima facie case could be established for offences including armed robbery, criminal conspiracy, and culpable homicide.
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He added that suspects arrested in connection with the robbery were prosecuted and convicted, with their convictions upheld on appeal, while the matter is currently pending before the Supreme Court. Saraki argued that revisiting the case despite these outcomes amounts to an abuse of judicial process.
Saraki also vowed to challenge any fresh move against him in court, stating that his legal team is prepared to defend his innocence. He further alleged that attempts were made to involve families of victims in civil actions against him, but claimed those efforts failed.
The Offa robbery incident, which occurred in April 2018 in Offa, involved coordinated attacks on banks and police facilities, resulting in the deaths of several people, including security personnel. The case drew nationwide attention and led to multiple arrests by the Nigeria Police Force.
The renewed controversy highlights ongoing political tensions in Kwara State between Saraki and Governor AbdulRazaq, with analysts suggesting the dispute may be linked to evolving political alignments and early positioning ahead of future elections.
As of the time of filing this report, the Kwara State Government has not issued a detailed response to Saraki’s latest claims.
Saraki Denies Offa Robbery Link, Accuses AbdulRazaq of Witch-Hunt
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Troops Arrest Bandit Kingpin’s Deputy, Wife in Gombe
Troops Arrest Bandit Kingpin’s Deputy, Wife in Gombe
Nigerian troops have arrested the deputy to a notorious bandit kingpin, Kachalla Auta, alongside his wife in Gombe State following an intelligence-driven operation that tracked the suspects across multiple locations in northern Nigeria.
Security sources confirmed that the suspects, identified as Bala—popularly known as “Pakapaka”—and his wife were intercepted after fleeing from the Dajin Madam Forest in Plateau State, where the criminal group was previously believed to have maintained a hideout.
The arrest followed sustained intelligence surveillance and coordinated ground tracking by security operatives targeting fleeing members of the armed network.
The suspects are currently in military custody and are undergoing interrogation to determine their level of involvement in the group’s activities, logistics operations, and possible links to other cells operating across state boundaries in the North-Central region.
According to counter-terrorism analyst Zagozola Makama, the operation was part of ongoing efforts to dismantle bandit networks that frequently relocate across forest corridors linking Plateau, Bauchi, Taraba, and Gombe states to evade security pressure.
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Follow-Up Operations in Duguri Axis
In a related development, troops reportedly conducted follow-up patrols around Bayar village in the Duguri axis after intelligence suggested that the main bandit kingpin, Kachalla Auta, may have fled into the area.
However, security sources confirmed that no contact was made during the search operation.
Despite the absence of direct engagement, troops have maintained heavy presence in the area, carrying out sustained patrols aimed at restricting the movement of armed groups and preventing regrouping.
Sustained Pressure on Bandit Networks
Security officials say ongoing operations are part of a wider strategy to disrupt criminal networks operating in forested areas across Plateau, Taraba, and neighbouring states.
The Nigerian military has intensified surveillance, reconnaissance missions, and joint patrols in recent months as part of efforts to degrade bandit command structures and cut off escape routes used by fleeing fighters.
Authorities say investigations into the arrested suspects are ongoing, while efforts continue to locate other members of the group still at large.
Troops Arrest Bandit Kingpin’s Deputy, Wife in Gombe
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Power Supply Drops in Lagos as Transmission Faults Trigger Load Shedding
Power Supply Drops in Lagos as Transmission Faults Trigger Load Shedding
Electricity supply across parts of Lagos has been significantly disrupted following a reduction in power allocation from the national grid, the Eko Electricity Distribution Company (EKEDC) has said.
In a public notice issued on Friday, the distribution company attributed the development to forced outages on two major transmission خطوط—Benin–Egbin and Oshogbo–Ikeja West 330kV lines—which have constrained the volume of electricity available for distribution.
According to EKEDC, the outages have resulted in a sharp drop in power supply, making it necessary to implement extensive load shedding across its network to manage the limited electricity.
“These constraints have led to a reduction in power allocation, resulting in widespread load shedding across our network,” the company stated.
The affected transmission lines are operated by the Transmission Company of Nigeria (TCN), which is responsible for the bulk transfer of electricity from generation companies to distribution firms nationwide.
Industry analysts note that the Benin–Egbin and Oshogbo–Ikeja West lines are critical infrastructure for power supply into Lagos and surrounding areas. Any disruption along these routes often has immediate and far-reaching consequences for consumers.
Residents and businesses in EKEDC coverage areas have already begun experiencing prolonged outages and erratic supply, raising concerns about economic losses and disruptions to daily activities.
EKEDC, however, appealed for patience, assuring customers that efforts are ongoing to restore normal supply once the transmission faults are resolved.
The company did not provide a specific timeline for restoration but reiterated its commitment to keeping customers informed as the situation evolves.
Power Supply Drops in Lagos as Transmission Faults Trigger Load Shedding
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