The Economic and Financial Crimes Commission has arrested the Managing Director of Assets Management Company of Nigeria, Mr Ahmed Kuru.
Mr. Kuru has been detained after he was invited by the anti-graft agency assets diversion and selling of seized assets to cronies at below value prices.
A reliable outlet at the Commision confirmed that Kuru was invited after it was confirmed that he sold assets worth billions of naira belonging to Atlantic.
According to the source, Atlantic was accused of loan default with Skye Bank and properties in collateral were seized while an action was instituted in court.
With the pendency of the court case, Kuru proceeded to selling the properties in dispute at a price far below the prevailing market value.