The Economic and Financial Crimes Commission (EFCC) is quizzing the Managing Director of the Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru over allegations related to sale of assets.

Thelagostimes gathered that Kuru, who was still in custody of the EFCC as at 9:00pm on Wednesday is accused of asset diversion and selling of seized assets to cronies at below value by businessmen accused of loan default with banks.

According to a report by Sahara Reporters, a source confirmed that Kuru was invited by the commission after confirmation of his selling assets worth billions of naira belonging to Atlantic.

The source further revealed that 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 allegedly proceeded to selling the properties in dispute at a price far below the prevailing market value.

Kuru, who is currently serving his second term as the AMCON boss, was appointed by President Buhari in August 2015.