In the ongoing trial of Mallam Ahmed Kuru, an ex Managing Director (MD) of AMCON, alongside four others over an alleged N76 billion and $31.5 million fraud, Abbas Jega, former ED of AMCON, the third prosecution witness (PW3), revealed to Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, that, he was not a part of those that signed the loan purchase agreement between Union Bank of Nigeria and Arik Air.
According to the EFCC: “The third prosecution witness, PW3, Abbas Jega, a former Executive Director of the Asset Management Corporation of Nigeria (AMCON), in the ongoing trial of Mallam Ahmed Kuru, a former Managing Director of AMCON, and four others over an alleged N76 billion and $31.5 million fraud, on July 1, 2025,
“told Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos that he was not among the signatories to the loan purchase agreement between Union Bank of Nigeria and Arik Air.
“Kuru, alongside Capt. Roy Ilegbodu, Managing Director of Arik Air; Kamilu Omokide, Receiver Manager of Arik Air; Union Bank of Nigeria Plc; and Super Bravo Limited, is standing trial on a six-count charge bordering on conspiracy, stealing, and abuse of office involving N75 billion and $31.5 million.”
