By Henry Ojelu
LAGOS — The Economic and Financial Crimes Commission, EFCC, on Thursday admitted before a Lagos Special Offences Court that its investigation into the alleged unlawful teardown of an Arik Air aircraft did not uncover any evidence that former Managing Director of the Asset Management Corporation of Nigeria, AMCON, Ahmed Kuru, and former Arik Air Chief Executive Officer, Capt. Roy Ilegbodu, personally benefited from the transaction.
The disclosure came during the continuation of the trial of Kuru, former Arik Air Receiver-Manager Kamilu Omokhide, Ilegbodu, Union Bank Plc and Super Bravo Limited before Justice Mojisola Dada in Ikeja.
The defendants are facing a six-count charge bordering on alleged conspiracy, stealing, abuse of office and fraudulent handling of Arik Air assets.
Under cross-examination by Prof. Taiwo Osipitan, SAN, counsel to Kuru and Ilegbodu, EFCC’s fourth prosecution witness, Mr. Bawa Usman Kaltungo, Director of the Commission’s Lagos Zonal Directorate 2, acknowledged that no proceeds from the teardown of aircraft 5N-JEA, valued at about $31.5 million, were traced to the personal accounts of either Kuru or Ilegbodu.
