RismadarVoice Reporters
February 25, 2026
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Wednesday admitted additional documentary and electronic evidence in the ongoing alleged N76 billion and $31.5 million fraud trial involving former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and others.
Kuru is standing trial alongside Kamilu Alaba Omokide, Captain Roy Ilegbodu, Union Bank of Nigeria Plc and Super Bravo Limited on a six-count charge bordering on conspiracy, stealing and abuse of office.
At Wednesday’s proceedings, the fourth prosecution witness, Usman Bawa Kaltungo, Acting Zonal Director, EFCC Lagos Zonal Directorate 2, continued his testimony under examination by prosecution counsel, Wahab Shittu, SAN.
The court admitted as Exhibit P46 a petition written to the Attorney-General of the Federation (AGF) by the first defendant during the investigation, along with a legal opinion issued by the Solicitor-General of the Federation and Permanent Secretary, Ministry of Justice.
The witness told the court that the petition, dated March 28, 2024, sought to halt the investigation and alleged harassment by prosecutors.
Justice Dada also admitted as Exhibit P47 a Certified True Copy of the minutes of the 494th meeting of the Central Bank of Nigeria’s Committee of Governors, where discussions were held on the deteriorating state of Arik Air and the decision to appoint a receiver manager.
Additionally, a flash drive containing a public statement allegedly made by one of the defendants and a certificate of compliance were admitted as Exhibit P48 after being downloaded and forensically processed by the EFCC.
However, the court rejected a Certified True Copy of a Certificate of Insurance relating to UMZA Aviation Services, ruling that it was not directly tied to any of the six counts before the court at this stage of the trial.
Further, the court admitted as Exhibit P49 a certified AMCON loan account statement for Arik Air, which the prosecution said showed that the airline’s loan obligations were not serviced during the receivership period and continued to accrue interest.
Justice Dada adjourned the matter till February 26, 2026, for continuation of trial.
