The Economic and Financial Crimes Commission (EFCC) has invited the Managing Director of Assets Management Company of Nigeria, (AMCON), Ahmed Lawan Kuru, for questioning.
Kuru, who has been accused of assets diversion and selling of seized assets to cronies at below value prices by businessmen accused of loan default with their banks, was reportedly invited by the EFCC earlier yesterday.
A reliable source at the EFCC confirmed that the AMCON MD was invited by the Commission after confirmation of his selling assets worth billions of naira belonging to a company, Atlantic.
According to a source, Atlantic was accused of loan default with Skye Bank and properties pledged as collateral were seized while the action was instituted in court. However, with the pendency of the court case, Kuru proceeded to sell the properties in dispute at a price far below the prevailing market value.
“Kuru will certainly spend the night with the commission as he is still undergoing interrogation”, the source added.
The development comes months after Kuru began his second term in office as AMCON MD.
Recall that in July 2021, while attending the retreat of the senate committee on banking, Kuru had said AMCON recovered N1.48 trillion out of N4.158 trillion from bank debtors. He had also said the agency still has 7,902 outstanding obligors with a total outstanding loan of above N3.1 trillion.
