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EconoTimes' Earlier Arik Air Trial Report Covers AMCON Papers

The earlier coverage also reports testimony about Arik Air’s Union Bank debt and the dispute over who authorized the receivership.

Updated 1 min read
Lawyers carrying plain folders approach the Special Offences Court in Ikeja, Lagos, Nigeria. / EconoTimes.ai
Lawyers carrying plain folders approach the Special Offences Court in Ikeja, Lagos, Nigeria. / EconoTimes.ai

EconoTimes has already covered the admission of Asset Management Corporation of Nigeria (AMCON) board resolutions in its earlier report on the Arik Air receivership trial.

That report also covers testimony by Economic and Financial Crimes Commission investigator Bawa Usman Kaltungo that Arik Air owed no Union Bank debt.

The defense submitted the board papers to challenge testimony that former AMCON managing director Ahmed Kuru authorized the receivership alone.

Prosecuting counsel Wahab Shittu objected to the documents, and Justice Mojisola Dada admitted them.

The earlier coverage says the ruling did not settle the disputed Union Bank debt or Kuru’s role.

Read EconoTimes’ earlier report on the Arik Air receivership trial.

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