In a pivotal development in the ongoing trial of Ahmed Kuru, the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), and several others, the Lagos Special Offences Court accepted as evidence the minutes from a critical meeting of the Central Bank of Nigeria (CBN). This meeting detailed the controversial takeover of Arik Air, which is at the center of the alleged fraudulent activities. The admission was part of the proceedings led by the Economic and Financial Crimes Commission (EFCC), highlighting the implications of this takeover on the ongoing trial.

The EFCC has charged Kuru and his co-defendants, including Kamilu Alaba Omokide, Captain Roy Ilegbodu, Union Bank Plc, and Super Bravo Limited, with serious allegations including conspiracy, stealing, abuse of office, and making false statements concerning the misappropriation of N76 billion and $31.5 million related to Arik Air. This case has drawn significant public attention not just because of the scale of the alleged fraud but also due to its connections to high-profile figures and institutions in Nigeria's financial system.

The testimony of Assistant Director Bawa Kaltungo was crucial, as it provided insights into the alleged actions of Kuru and his associates. The evidence presented through the CBN minutes signifies a new phase in the trial, which could have far-reaching ramifications for how financial fraud cases are prosecuted in Nigeria, especially concerning entities involved in significant public assets like Arik Air.