The further criminal proceeding involving the former Managing Director/CEO of the Asset Management Corporation of Nigeria (AMCON) and others, before Lagos Special Offences Court, presided over by Justice Mojisola Dada in Ikeja, resumed today, with the fourth witness, Mr Bawa Usman Kaltungo, still being cross-examined in the matter
At the hearing of the matter today, the Prosecution Witness 4 (PW4), while answering questions under cross-examination, maintained that the second defendant, Mr Ahmed Kuru, had unfettered powers as Managing Director/Chief Executive Officer of AMCON, and unilaterally sanctioned Arik Air receivership.
To counter and discountenance PW4’s earlier testimony under cross-examination that the second defendant solely sanctioned Arik Receivership, Mr Uyi Giwa-Osagie tendered in evidence the Board Resolutions of AMCON to prove otherwise. However, the Prosecution objected to the relevancy and admissibility.
After listening to arguments from both sides on the relevance and admissibility of the documents, the Court delivered a Bench Ruling upholding the relevance of the documents and admitted them as evidence. In its ruling, the Court stated that the documents emanated from the Board of AMCON as a Body Corporate and were duly certified in accordance with Section 104 of the Evidence Act.
Further hearing of the matter has been adjourned to tomorrow, October 27, 2026.
It would be recalled that the EFCC had dragged the former MD of AMCON, and others to Court following a petition by Mr Femi Falana (SAN) on behalf of the promoters/Shareholders of Arik Air involving the ex-AMCON MD/CEO, Ahmed Kuru, Kamilu Omokide, a former Receiver Manager of Arik Air Ltd; Captain Roy Ilegbodu, the airline’s CEO, Union Bank Ltd; and Super Bravo Limited.
They are facing five counts bordering on theft, abuse of office, and dishonest acquisition of property.
Union Bank is also facing an additional count for allegedly making false statements to a public officer.