The Lagos State Special Offences and Domestic Violence Court, Ikeja, has struck out the ₦60 billion fraud case against former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, following the Federal Government’s withdrawal of charges.
Justice Rahman Oshodi made the ruling after the Director of Public Prosecutions of the Federation, M.B. Abubakar, filed a notice of discontinuance dated July 24, 2025.
Kuru was first arraigned by the Economic and Financial Crimes Commission (EFCC) on February 11, 2025, alongside Sigma Golf Nigeria Limited, on an amended six-count charge bordering on conspiracy, stealing, and the transfer of property derived from illegal activity. The charges were marked ID/24960C/2024.
While Kuru pleaded not guilty, Sigma Golf entered a guilty plea under a plea bargain with the EFCC and was subsequently convicted. The EFCC had alleged that the offences were linked to the unlawful transfer and handling of assets worth billions of naira.
Details surrounding the Federal Government’s decision to withdraw the case have not been disclosed. With the withdrawal, Justice Oshodi formally struck out the matter, effectively ending — at least for now — one of the year’s most high-profile fraud trials.
