EFCC Arrests AMCON MD, Ahmed Kuru

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC) has reportedly arrested the Managing Director of Assets Management Company of Nigeria (AMCON), Ahmed Kuru.

According to Sahara Reporters, the EFCC invited the AMCON boss to its headquarters in Abuja over alleged assets diversion and selling of seized assets to cronies at below value prices.

The news platform reported that Kuru was quizzed after he sold the assets worth billions of naira belonging to Atlantic.

A source in the EFCC told the platform that Atlantic was accused of loan default with Skye Bank and properties in collateral were seized while the action was instituted in court.

With the pendency of the court case, Kuru proceeded to sell the properties in dispute at a price far below the prevailing market value.

However, the source said the AMCON boss spent the night in the EFCC custody and he is still undergoing interrogation.

Meanwhile, the Minister of Information and Culture, Lai Mohammed, says he does not know the federal government’s exact stance on the removal of fuel subsidy.

Mohammed disclosed that he would need to consult with relevant Ministries, Departments and Agencies (MDAs) to ascertain the government’s position on the removal of petrol subsidy.

He made this known on Wednesday in a chat with State House correspondents after a meeting of the Federal Executive Council (FEC) at the Presidential Villa, Abuja.

Mohammed added that he cannot react to the issue of subsidy removal until he gets the right information regarding the matter, asking for more time to initiate a fact-finding mission.

“As for the removal of fuel subsidy, I think you will give me time to consult with relevant departments and ministries and I will get back to you,” he said.