The Economic and Financial Crimes Commission, EFCC, will on February 11, 2025, arraign Ifie Sekibo, former chief executive of defunct Heritage Bank and Ahmed Kuru, a former managing direct0r of the Asset Management Corporation of Nigeria, (AMCON) and for alleged fraudulent conversion of the sum of N20 billion AMCON funds.
Kuru and his co-defendants, including the former Chairman of Keystone Bank, Umaru Hamidu Moddibo, and the company, Sigma Golf Nigeria Ltd will be arraigned before Justice Rahman Oshodi of the Lagos High Court sitting in Ikeja.
The fresh six-count charge filed by the EFCC disclosed that the AMCON funds were converted through Heritage Bank to the use of a company, Sigma Golf Nigeria Ltd for the acquisition of Keystone Bank.
In count 1, of the fresh 6-count charge, Kuru, Umaru Hamidu Modibbo, Ifie Sekibo (at large), and Sigma Golf Nigeria Ltd are alleged to have some time in 2016 in Lagos, conspired to commit a felony, to wit: stealing by dishonestly converting the total sum of Twenty Billion Naira (N20,000,000,000), Property of Asset Management Corporation of Nigeria through Heritage bank Limited to the use of SIGMA GOLF NIGERIA LIMITED for the acquisition of Keystone Bank Limited.
The offence of Conspiracy to Steal is said to be contrary to Section 411 and punishable under Section 280 of the Criminal Law of Lagos State 2015.
In count 2, the EFCC alleged: Ahmed Kuru, Umaru Hamidu Modibbo, Ifie Sekibo (at large), and Sigma Golf Nigeria Limited sometime in 2016 in Lagos, allegedly dishonestly converted the total sum Twenty Billion Naira (₦20,000,000,000) Property of Asset Management Corporation of Nigeria through Heritage Bank Limited to the use of Sigma Golf Nigeria Limited for the acquisition of Keystone Bank Limited.
The offence of stealing is contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State 2011.
In Count 3, Ahmed Kuru, Umaru Hamidu Modibbo, Ifie Sekibo (at large) and Sigma Golf Nigeria Limited on the 17 of November 2016 in Lagos, allegedly transferred the aggregate sum of Ten Billion Naira (N10,000,000,000) derived directly from an illegal act to wit: stealing to conceal the illegal origin of the said sum and to evade the legal consequences of their action.
The offence of transfer of property derived from an illegal act to conceal the illegal origin and evade the legal consequences is contrary to Section 332(1) of the Criminal Law of Lagos 2011 and punishable under Section 332(3) of the same act.
In Count 4, Ahmed Kuru, Umaru Hamidu Modibbo, Ifie Sekibo (at large), and Sigma Golf Nigeria Limited on the 23rd of November, 2016 in Lagos, allegedly transferred the aggregate sum of Ten Billion Naira (N10,000,000,000) derived directly from an illegal act to wit: stealing to conceal the illegal origin of the said sum and to evade the legal consequences of their action.
In count 5, Ahmed Kuru, Umaru Hamidu Modibbo, Ifie Sekibo (at large) and Sigma Golf Nigeria Limited on 17th November 2016 in Lagos, allegedly dishonestly converted to the use of Sigma Golf Nigeria Limited the total sum of Ten Billion Naira (N10,000, 000,000) Property of Asset Management Corporation of Nigeria through Heritage bank Limited to the use of Sigma Golf Nigeria Limited for the acquisition of Keystone Bank Limited.
In count 6, Ahmed Kuru, Umaru Hamidu Modibbo, Ifie Sekibo (at large), and Sigma Golf Nigeria Limited on 23rd November 2016 in Lagos, allegedly dishonestly converted to the use of Sigma Golf Nigeria Limited the total sumof Ten Billion Naira (N10,000,000,000 ) Property of Asset Management Corporation of Nigeria through Heritage bank Limited to the use of Sigma Golf Nigeria Limited for the acquisition of Keystone Bank Limited.
The charge dated October 24th was signed by Rotimi Oyedepo (SAN) leading Abba Mohammad (SAN), Bilkisu Buhari-Bala, and 6 others on behalf of the EFCC.
