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An Ikeja Special Offences Court on Monday granted bail of ₦20 million to Ahmed Kuru, former Managing Director of the Assets Management Corporation of Nigeria (AMCON), and four other defendants on trial for the alleged ₦76 billion and $31.5 million fraud involving Arik Airline.
The other defendants include Kamilu Omokide, former Receiver Manager of Arik Airline Ltd.; Captain Roy Ilegbodu, the airline’s Chief Executive Officer; Union Bank; and Super Bravo Ltd.
Justice Mojisola Dada granted each defendant bail in the sum of ₦20 million with one surety after considering arguments presented by their respective lawyers.
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