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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 […]