The Economic and Financial Crimes Commission, EFCC, has presented its second prosecution witness, (PW2), Austine Obegwe, ...

KuruTITILOPE JOSEPH AND OLUSEGUN KOIKI LAGOS – Justice Mojisola Dada of the Lagos Special Offences Court in Ikeja in Wednesday rejected a document the Economic and Financial Crimes Commission (EFCC) ...

The witness also disclosed that he worked for Arik as a consultant and the airline currently owed him about $2.3m.

A former banker, Peter Omokaro, has testified against the former Managing Director of Asset Management Cooperation of Nigeria (AMCON), Ahmed Kuru, for allegedly defrauding Arik Air. Mr Kuru and four ...

LAGOS – Arik Air has been honoured with the award of the ‘Labour Friendly Airline of the Year 2024’ by the Joint Consultative and Negotiating Council (JCNC), an amalgam of the four existing ...

Mojisola Dada, a judge at the Lagos special offences court, has adjourned the trial of Ahmed Kuru, former managing director ...

Mojisola Dada, judge of the Lagos special offences court, has rejected a document sought to be tendered by the Economic and ...

Asset Management Corporation of Nigeria, AMCON, has said it would recover the accumulated debts of over N455 billion ...

Arik Air, once Nigeria’s largest airline, was placed under AMCON’s receivership in February 2017 over alleged debts exceeding N300 billion. The takeover was meant to stabilise the airline and ...

He reiterated that Union Bank never granted Arik Air a loan and did not call in the indemnity from the airline. “Union Bank never gave a loan to Arik Air. Union Bank converted the guarantee to ...

The Asset Management Corporation of Nigeria (AMCON) has vowed to recover the N455 billion debt owed by Arik Air and its ...