AMCON

Arik paid back 38% of foreign loans before the AMCON – EFCC takeover

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Economic and Financial Crimes Commission (EFCC) investigator, Bawa Kaltungo, on Tuesday told the Lagos Special Offenses Court, Ikeja, that Arik Air repaid 38 percent of its foreign loans prior to its takeover of the Asset Management Corporation (AMCON). Kaltungo gave evidence in cross-examination by EFCC counsel, Dr. Wahab Shittu (SAN), in an alleged fraud case of N76 billion and $31.5 …

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