EFCC Archives - Aviation metric

Jega, EFCC witness recants, says Arik N85 billion loan not performing since inception

Posted on June 30, 2025 by Wole Shadare

A former Executive Director, Credits at Asset Management Corporation of Nigeria (AMCON), Mr. Muhammed Abass Jega has disclosed that the Arik debt in AMCON, which was onboarded at the time he served as Executive Director, fell within the category of non-performing loan as categorised by the regulatory agencies in the country. He stated this during cross-examination at the ongoing criminal trial at the Special Offences Court presided over by Justice Mojisola Dada. The matter, which…

Court Refuses EFCC Evidence In Arik Air N76bn Aircraft, Property Sales Case

Posted on March 19, 2025March 19, 2025 by Wole Shadare

A Lagos State High Court, sitting in Ikeja, on Wednesday has refused to admit the evidence produced in court by the witnesses of the Economic and Financial Crimes Commission (EFCC) in the ongoing fraud trial leveled against the former Managing Director of the Asset Management Corporation of Nigeria, Ahmed Kuru. The EFCC had accused the defendants of defrauding Arik Air of N76 billion and $31.5 million. Aside from Kuru, four others had been dragged before…

EFCC begins Nigeria Air probe, Ministry to get N40B intervention for facility upgrade

Posted on January 31, 2024January 31, 2024 by Wole Shadare

National carrier project on course Nigerian airlines excluded from flag carrier designation Minister defends FAAN’s relocation The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has said that the Economic and Financial Crimes Commission (EFCC) has opened an investigation into the controversial Nigeria Air project. This is coming as the Minister threatened to name and shame airlines that are fond of incessant flight delays and cancellations, saying that the publication of their…