A Lagos court has adjourned until June 25 the ongoing fraud trial of former Asset Management Corporation of Nigeria (AMCON) managing director Ahmed Kuru and four co-defendants over allegations involving NGN76 billion naira (USD55 million) and USD31.5 million linked to troubled carrier Arik Air (W3, Lagos).
The Special Offences Court in Ikeja delayed proceedings after hearing testimony from a prosecution witness and arguments over the admissibility of documents in the case brought by Nigeria’s Economic and Financial Crimes Commission, according to a statement the commission issued afterwards.
Kuru is charged alongside Arik Air receiver manager Kamilu Alaba Omokide, former Arik Air CEO Roy Ilegbodu, Union Bank of Nigeria, and an entity called Super Bravo Ltd. Prosecutors allege conspiracy, stealing, and abuse of office tied to Arik Air, which is under receivership.
During cross-examination, prosecution witness Usman Bawa Kaltungo denied that any alleged fraud proceeds had been traced to the personal accounts of Kuru or Ilegbodu.
The prosecution opposed the admission of letters allegedly written by Kuru and Ilegbodu to the EFCC, arguing that the documents were uncertified photocopies and therefore inadmissible. The defence urged the court to defer a ruling until final written submissions.
The court ruled that because the EFCC held the original documents and the witness had identified them, the originals should be produced in court when needed, but the disputed documents were provisionally admitted as exhibits.
The case had resumed in February after a recess that began in November 2025.
