The Economic and Financial Crimes Commission (EFCC) on Wednesday, July 30, 2025, informed Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, that two co-defendants in the ongoing fraud case involving former AMCON Managing Director, Ahmed Kuru, are allegedly planning to sell assets tied to the case.
The anti-graft agency alleged that Kamilu Omokide, Receiver Manager of Arik Air, and Capt. Roy Ilegbodu, Managing Director of Arik Air, are attempting to dispose of aircraft and other assets linked to the ongoing trial over a combined N75 billion and $31.5 million fraud.
Kuru, along with Omokide, Ilegbodu, Union Bank of Nigeria Plc, and Super Bravo Limited, is facing a six-count charge bordering on conspiracy, stealing, and abuse of office. The charges stem from alleged fraudulent transfers and mismanagement of Arik Air’s assets while under receivership by AMCON.
During Wednesday’s proceedings, EFCC counsel Wahab Shittu, SAN, raised the alarm while responding to an application filed by Ilegbodu seeking leave to travel abroad for urgent medical treatment. Although Shittu did not oppose the request, he cited intelligence reports indicating that some of the aircraft involved in the case were at risk of being sold, which could compromise the integrity of the trial.
“Our concern is the integrity of this trial,” he said. “We have intelligence suggesting an attempt to sell some of the aircraft. We do not want any action that may jeopardize the subject matter.”
In response, Ilegbodu’s counsel, Oyinkansola Badejo, denied his client’s involvement in any such plans, noting that the second defendant has no control over asset sales. Similarly, Olalekan Ojo, SAN, representing Union Bank, rejected the claim, asserting that the bank remains a responsible entity and not implicated in the alleged transactions.
Ojo also criticized Shittu’s remarks, saying: “The SAN is not an investigator. I urge the court to disregard these allegations.”
Reinforcing the EFCC’s position, Shittu stated: “As far as this case is concerned, I represent the EFCC. No party should act contrary to the law or jeopardize these proceedings.”
After hearing all submissions, Justice Dada granted the travel request by Ilegbodu, as well as a separate application filed by the first and third defendants dated July 17, 2025. The case continues.
