Anti-corruption and elections / EFCC

Alleged N76bn, $31.5m Fraud: AMCON Ex-Director Denies 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 sitting in Ikeja, Lagos that he was not among the signatories to the loan purchase agreement between Union Bank of Nigeria and Arik Air. Kuru, alongside Capt. Roy Ilegbodu, Managing Director of Arik Air; Kamilu Omokide, Receiver Manager of Arik Air; Union Ba…