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An Ikeja Special Offences Court on Monday granted N20 million bail to former Managing Director of Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four other defendants standing trial for alleged Arik Airline N76 billion and $31.5 million fraud.
The other defendants in the trial are former Receiver Manager of Arik Airline Ltd, Kamilu Omokide, Chief Executive Officer of the airline, Captain Roy Ilegbodu, Union Bank and Super Bravo Ltd.
Justice Mojisola Dada granted the defendants bail in the sum of N20 million with one surety each after hearing arguments for bail by their respective lawyers.
