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 reports, 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.
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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.
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