EFCC Probes Ahmed Kuru, AMCON MD, Over Corruption Allegations

Emerging reports obtained by Prime Business Africa claimed that Economic and Financial Crimes Commission (EFCC) is probing Ahmed Kuru, managing director of the Assets Management Corporation of Nigeria (AMCON), over allegations related to sale of assets.

This newspaper gathered that Kuru is accused of asset diversion and selling of seized assets to cronies at below value by businessmen accused of loan default with banks.

A source at the EFCC to have claimed that Kuru was invited by the commission after confirmation of his selling assets worth billions of naira belonging to Atlantic.

While the court case was still pending, the AMCON MD allegedly proceeded to sell the properties in dispute at a price far below the prevailing market value.

The development came months after Kuru began his second term in office as AMCON MD.

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