Anti-corruption and elections / EFCC

Alleged N76bn, $31.5m Fraud: EFCC Presents Fourth Witness Against Ex-AMCON MD, Others

The Economic and Financial Crimes Commission, EFCC, on Friday, November 28, 2025, presented its fourth prosecution witness, PW4, Bawa Usman Kaltungo, in the ongoing trial of a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, over an alleged N76bn and $31.5 million fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos. Kuru, alongside Kamilu Alaba Omokide, Captain Roy Ilegbodu, Union Bank of Nigeria Plc, and Super Bravo Limited, are being prosecuted on a six-count charge bordering on conspiracy, stealing, and abuse o…