Arik Air: EFCC Witness Admits Kuru Had Board Approval For NG Eagle Sale

An Economic and Financial Crimes Commission (EFCC) Director on Tuesday admitted that the former managing director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, obtained board approval before the sale of NG Eagle, and that proceeds of about N149 million from the transaction were paid into AMCON’s account with the Central Bank of Nigeria (CBN).
The witness, Bawa Kaltungo, made the admission while being cross-examined by Kuru’s lawyer, Olasupo Shasore (SAN), at the ongoing trial of the former AMCON chief and four others before the Special Offences Court in Ikeja, Lagos.
The Economic and Financial Crimes Commission (EFCC) had arraigned the former AMCON boss and other...