Tag: Arik airline

Ex-AMCON MD, Ahmed Kuru, others on trial for alleged ?125bn fraud

Aminu Imam
Ex AMCON MD, Kuru, others on trial

The Economic and Financial Crimes Commission (EFCC) has filed 6-count criminal charges against several individuals and organisations, including former Managing Director of the Assets Management Corporation of Nigeria (AMCON), Ahmed Lawal Kuru, and the Union Bank of Nigeria Plc.  The charges, according to reports, alleged their involvement in the mismanagement of funds belonging to Arik Air Limited totalling a staggering 125billion. The charges, filed at the Ikeja Judicial Division of the Lagos State High Court, October 29, 2024 is between Federal Republic of Nigeria as Complainant and Kamilu Alaba Omokide,…

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EFCC detains AMCON official over N120bn fraud in Arik Air

Aminu Imam

The Economic and Financial Crimes Commission, (EFCC) has detained the Receiver Manager appointed by the Assets Management Corporation of Nigeria, (AMCON) for Arik Nigeria Ltd, Kamilu Omokide, over alleged misappropriation and diversion of about N120billion. It wad gathered that that the EFCC detained Omokide alongside one Captain Samuel Caulcrick in connection with alleged illegal sale and tearing down of a $41m CRJ 1000 aircraft, which was operated by Arik Air. Documents obtained by our correspondent on Friday revealed that the detention of the two top executives was sequel to a…

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