The Special Offences Court in Ikeja, Lagos, has granted bail to former AMCON Managing Director, Ahmed Kuru, in the sum of ₦50 million with two sureties.
The court also convicted Sigma Golf Nigeria Ltd, ordering the forfeiture of its ₦6.25 billion Keystone Bank shares to the Federal Government.
Justice Rahman Oshodi ruled that Sigma Golf’s guilty plea, entered by its Chairman, Umaru Modibbo, formed part of a plea bargain agreement with the EFCC.
While Kuru pleaded not guilty, the EFCC alleged that ₦20 billion AMCON funds were diverted through Heritage Bank for the acquisition of Keystone Bank.
The court adjourned the trial to March 7 and April 16-17, 2025.
