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Home Crime

EFCC quizzes Kuru, AMCON MD over alleged assets diversion

Vital News by Vital News
January 20, 2022
in Crime
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Abuja – The Economic and Financial Crimes Commission (EFCC) on Wednesday grilled the Managing Director of the Assets Management Company of Nigeria, (AMCON), Mr Ahmed Kuru.

Kuru was quizzed in connection to alleged diversion of assets.

A top official at the anti-graft agency confirmed the development on Wednesday.

Kuru has been accused of asset diversion and selling of seized assets to cronies at below value prices by businessmen accused of loan default with banks, according to a report by Sahara Reporters.

The newspaper quoted a source at the EFCC to have claimed that Kuru was invited by the commission after confirmation of his selling assets worth billions of naira belonging to Atlantic.

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According to the source, Atlantic was accused of loan default with Skye Bank and properties in collateral were seized while an action was instituted in court
While the court case was still pending, the AMCON MD allegedly proceeded to sell the properties in dispute at a price far below the prevailing market value.

The development comes months after Kuru began his second term in office as AMCON MD.

Meanwhile, in July 2021, while attending the retreat of the senate committee on banking, Kuru had said AMCON recovered N1.48 trillion out of N4.158 trillion from bank debtors.

He had also said the agency still has 7,902 outstanding obligors with a total outstanding loan of above N3.1 trillion. (NaijaSociety/vitalnews)

Tags: AssetsdiversionEFCCKuru
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Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

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