Alleged N76b, $31.5m fraud: Former AMCON MD diverted N4.9b from defunct Arik Air, says witness
A prosecution witness has told Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, how former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and others allegedly diverted N4.9 billion belonging to the now-defunct Arik Air Limited to establish a new airline, NG Eagle Airlines. The testimony was…