The Economic and Financial Crimes Commission on Monday arraigned the former Managing Director of Assets Management Cooperation of Nigeria, Ahmed Kuru, and four others for allegedly defrauding Arik Airline of N76bn and $31.5m. Other defendants arraigned alongside Kuru are a former Receiver Manager of Arik Airline Ltd, Kamilu Omokide; Chief Executive Officer of the airline,

Punch Newspapers

Alleged N76bn fraud: Court grants ex-AMCON MD, others N20m bail

Justice Mojisola Dada of an Ikeja Special Offences Court on Monday granted N20m, bail to former AMCON MD, Ahmed Kuru, and four other defendants standing trial for alleged Arik Airline N76 bn and $31.5m fraud.

Media Bias/Fact Check

The defendants pleaded not guilty to all the six-count charges when they were read to them. The post Alleged N76bn, $31.5m Fraud: EFCC arraigns ex-AMCON boss, others appeared first on Premium Times Nigeria.

Premium Times Nigeria

Abuja

Municipal Area Coun

Federal Capital Territory

Nigeria

Alleged N76bn, $31.5m Fraud: EFCC arraigns ex-AMCON boss, others

Arik Air shareholders have entered a showdown with the AMCON, over claims N455 billion debt claims by the later. They describe the claims as fallacious.

Legit.ng - Nigeria news.

Ikeja

Lagos

Arik Air, AMCON in showdown over N455 billion debt claim

ShareThe question on the lips of many who have followed the Arik Air and AMCON saga: is how long will this drama continue to play out? WOLE SHADARE examines various positions of the feuding parties   Ominous sign It is becoming very clear that Arik Air may be liquidated by the time the Assets Management... The post Debt: Arik, AMCON In Sustained Tango For Control appeared first on New Telegraph.

Newtelegraph

Debt: Arik, AMCON In Sustained Tango For Control - New Telegraph

Tribune Online EFCC arraigns ex-AMCON MD, four others for alleged N76bn fraud The Economic and Financial Crimes Commission (EFCC) has arraigned the former Managing Director of Asset Management Cooperation of Nigeria (AMCON), Ahmed Kuru, for allegedly defrauding Arik Air. Kuru and four others on Monday appeared before Ikeja Special Offences Court for alleged N76 billion and $31.5 million fraud, respectively. The other defendants are former Receiv…

Tribune Online

EFCC arraigns ex-AMCON MD, four others for alleged N76bn fraud

A Special Offences Court sitting in Ikeja, Lagos, has granted N20m bail to the former Managing Director of the Assets Management Corporation of Nigeria, Ahmed Kuru, over alleged N76bn and $31.5m fraud involving Arik Air. Kuru had been arraigned alongside the Managing Director of Arik Air, Capt. Roy Ilegbodu, Receiver Manager of Arik Air, Kamilu Omokide, Union Bank Nigeria Plc and Super Bravo Limited on allegations of false statements, fraudulent…

The Whistler Nigeria

‘N76bn Fraud’: Ex-AMCON MD Kuru, Others Get N20m Bail

The Economic and Financial Crimes Commission (EFCC) has arraigned Ahmed Kuru, the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), along with four others, over allegations of defrauding Arik Airline of N76 billion and $31.5 million.  This development was disclosed in a statement by the anti-graft agency, shared on X (formerly Twitter), […]

Nairametrics

EFCC arraigns ex-AMCON MD, Ahmed Kuru, 4 others for N76bn, $31.5m fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned the former Managing Director of Asset Management Cooperation of Nigeria

Newsdiaryonline

Alleged N76bn fraud: EFCC arraigns ex- AMCON MD, 4 others

Arik Air is an indigenous airline that is currently controlled by the Asset Management Corporation of Nigeria. Its shareholders have refuted reports that the amount of debt owed to its owner, Johnson Arumem-Ikhide, has increased to N455 billion. The shareholders characterised the debt record of AMCON against the creator of Arik as a falsehood in a statement signed by Godwin Aideloje, their representative. According to Jude Nwauzor, AMCON’s Head …

News Central - Latest Africa News

Arik Air Shareholders Dispute AMCON’s N455 Billion Debt Claim

By OLA MODUPE, Lagos- The Economic and Financial Crimes Commission (EFCC), on Monday, January 20, 2025 arraigned a former Managing The post EFCC arraigns ex-AMCON MD, Ahmed Kuru, 4 others for 76bn, $31.5m fraud appeared first on National Accord Newspaper.

Ex-AMCON MD, others arraigned for alleged N76bn

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics