N76bn Fraud Trial: AMCON Ex-Director Recants_ Says Arik’s N85bn Debt Non-Performing

N76bn Fraud Trial: AMCON Ex-Director Recants_ Says Arik’s N85bn Debt Non-performing

Nigeria | 17 minutes ago Wale Igbintade A former Executive Director of Asset Management Corporation of Nigeria (AMCON), Muhammed Abbas Jega, has told a Lagos State Special Offences Court that Arik Air’s N85 billion debt, acquired by AMCON, was non-performing at the time of his exit from the corporation in 2015. Jega, who served as Executive Director, Credits, made the disclosure

Alleged N76billion, $31.5million Frauds: Amid Drama, Cross-Examination Of Jega, Ex-AMCON ED Continues In October

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos State, on Tuesday adjourned the trial of Ahmed Kuru, a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), and four others over alleged fraud amounting to N76 billion and $31.5 million. She adjourned the case till October 15, and 17, 2025.  Ahmed Kuru is facing trial alongside Capt. Roy Ilegbodu, Managing Director of Arik Air; Kamilu Omokide,…

AMCON Ex-Director Denies Signing Arik Air Loan Deal ‎ — Akelicious

‎The third prosecution witness, PW3, Abbas Jega, a former Executive Director of the Asset Management Corporation of Nigeria (AMCON), on Tuesday told the court that he was not among the signatories to the Loan Purchase Agreement between Union Bank of Nigeria and Arik Air.‎‎He made this disclosure while testifying before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, in the ongoing trial of Mallam Ahmed Kuru, a former…

Alleged N76bn fraud: Arik loan was non-performing, AMCON ex-director tells Court

Alleged N76bn , $31.5m Fraud: AMCON Ex-Director fenies signing Arik Air loan deal, alleges document irregularities

The third prosecution witness, PW3, Abbas Jega, a former Executive Director of the Asset Management Corporation of Nigeria (AMCON), in the ongoing trial of Mallam Ahmed Kuru, a former Managing Director of AMCON, and four others over an alleged N76 billion and $31.5 million fraud, has told Justice Mojisola Dada of the Special Offences Court […]

AMCON ex-director exposes flaws in Arik loan deal

The Lagos State High Court yesterday heard that the controversial multi-billion-naira debt attributed to Arik Air was not a traditional loan as previously claimed. The fresh revelation was made inThe post AMCON ex-director exposes flaws in Arik loan deal appeared first on The Nation Newspaper.