# Tags

Fraud Trial Twist: Witness Says AMCON Was Misled by Union Bank Over N76bn Arik Loan

Startling revelations emerged on Wednesday at the Special Offences Court in Ikeja, Lagos, over an alleged N76 billion fraud involving former AMCON Managing Director, Mr. Ahmed Kuru, and four others. A former Executive Director of Credit at AMCON, Mr. Abas Jega, testified that Union Bank of Nigeria Plc had transferred a performing loan to AMCON […]

Former AMCON Boss, Others Face Court Over Alleged Multi-Billion Fraud Against Arik Air

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned five individuals, including the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, for allegedly defrauding Arik Air of ₦76 billion and $31.5 million. The other defendants include the former Receiver Manager of Arik Air, Kamilu Omokide; the airline’s CEO, Captain Roy […]

Reps Threatens Action Against AMCON, Others Over Racketeering

The House of Representatives has issued a stern warning, indicating its willingness to exercise constitutional authority over the Integrated Personnel and Payroll Information System (IPPIS), the Budget Office, and the Assets Management Company of Nigeria (AMCON). The warning was delivered by Rep. Yusuf Gagdi, Chairman of the ad hoc committee investigating allegations of job racketeering […]

Social Media Auto Publish Powered By : XYZScripts.com