Trending News: BREAKING: Explosion Kills Seven, Injures Several Commuters In BornoFather, two sons killed in Plateau villageNDLEA Destroys Largest Drugs Seizure Of 1.6 Million KilogramsEXTRA: Masquerades lead protest against high electricity bill in KwaraNo! Current Imo Assembly Speaker Didn’t Commission Betting ShopUS embassy announces new visa interview requirements for NigeriansBandit Kingpin Gwaska, Over 100 Others Killed In KatsinaDAILIES TOP STORIES: Resurgent terror attacks unsettle Nigeria’s Northern regionECOWAS court faults Kano’s blasphemy laws, asks Nigeria to amend statutesProtest: Rivers CP removes DPO over’ assault on journalistsCourt orders DCP Abba Kyari to enter defence in ‘drug trafficking’ trialSiemens CEO, family die in New York helicopter crashFG imposes 10-year entry bans for visa overstays, $15 daily fine from August 1REVEALED: Parody X account impersonating Senator Natasha Akpoti-Uduaghan spottedRivers Women Stage ‘Bring Back Our Fubara’ Protest In Port HarcourtBandits Release Abducted Pastor In Kaduna, Detain Ransom CarrierKogi central constituents sue Akpabio, senate over Natasha Akpoti’s suspensionChina hits US with 125% retaliatory tariffs as trade war escalatesSERAP gives FG, NBC 48-hour to reverse Eedris Abdulkareem’s song banEx-Kwara governor Ahmed didn’t repay N1bn SUBEB loan, EFCC witness tells courtEFCC plays video evidence in ex-minister Saleh Mamman’s ‘N33bn fraud’ trialPolice Rescue Abducted Ebonyi Govt Official, Arrest One SuspectOtti urges Igbo youths to join ArmyFire razes shops in OyoPolice arrest man for impregnating 17-year-old daughter in BauchiNBA relocates annual conference from Rivers over emergency rule DAILIES TOP STORIES: Marketers predict cheaper petrol nationwide as Dangote begins naira saleCourt frees 12 IPOB members after four years in prisonTrump tariff hike brings added China rate for many goods to 145%Court Strikes Out Nnamdi Kanu’s Fundamental Rights Suit Against FGNERC fines eight Discos N628m over estimated billingLabour shuts down Steel Ministry Over Workers’ WelfareSoludo: 23 Anambra indigenes on death row in Indonesia for drug offencesDangote Refinery Slashes Ex-Depot Petrol PriceLagos, Rivers, 28 others to experience heavy flooding – FGAkpabio petitions IG, demands Natasha’s prosecution over alleged assassination plot:Gunmen kill four in fresh Plateau, Benue attacks — REPORTDAILIES TOP STORIES: PANDEF, lawyers, CSOs, others kick as Ibas appoints LG administrators in Rivers“Boy who stood in front of Obi’s convoy detained since January without trial”US-China tariff war could cut trade between both countries by 80% — WTO chief, Okonjo-IwealaUS revokes 40 international students visas over traffic offensesTrump pauses tariffs for several countries but raises China’s rate to 125%Nigeria Is Collapsing — Peter ObiNiger dumps French, adopts Hausa as national languageTwo female factory workers drown in Kano poolRenewed Israeli strikes kill 20 in Gaza, ceasefire talks stallFEC orders full implementation of naira-for-crude dealCAJ demands release of detained journalists in Burkina FasoPolice Inspector slumps, dies after watching Arsenal thrash Real Madrid in CalabarBandits kill 2, abduct 60 in ZamfaraAjaero asks NLC members to invade LP offices nationwide after Supreme Court judgment16,000 doctors left Nigeria in 5 years – FGTariff: U.S. Faults Nigeria’s Import Ban On 25 ProductsIbas appoints administrators for 23 Rivers LGs despite court orderNearly 100 dead in Dominican Republic nightclub roof collapseDAILIES TOP STORIES: 11 PDP governors urge S’Court to halt Rivers emergency ruleWitness reveals N3bn Kogi LG funds were laundered through private accountsNEWS EXTRA: NSA Asks Nigerians To Stop Paying Ransom To Bandits, KidnappersLakurawa bandits kill three fishermen in Sokoto village raidPlateau killings genocidal, sponsored — MutfwangNigerian convicted of double murder wins human rights case in UKALERT: NiMet predicts three-day heavy rainfall in six StatesVideo of Taraba Emir Issuing Ultimatum To Fulani Herders In 2021, Resurfaces On X PlatformFour killed in Ebonyi over land disputeFarmers protest in Ondo over killing of four colleagues by suspected herdersTinubu’s aide defends soaring Naira, claims N2,500 can get Nigerian a meal in LekkiBREAKING: Fubara’s Chief of Staff slams Nwaeke, Channels TV with N2bn libel suitHotel owner assassinated in OndoShun Army recruitment, IPOB tells South East youthsGunmen kill one, abduct varsity student in KebbiNatasha Akpoti files N5bn suit against Nwaebonyi over alleged defamationBus rams into Yobe market, kills pregnant woman, four othersPolice arrest two for murder of 80-year-old woman in AnambraDavid Mark warns youths against reprisals in BenueEFCC Arraigns Bauchi Accountant General, Others Over Alleged ₦8.3bn Fraud3 arrested as Police bust Lagos baby factoryFour arrested as JAMB uncovers 585 fake A-Level certificatesDAILIES TOP STORIES: LG autonomy in the mud as govs block council chairmen from opening CBN accountsFG debunks report on Saudi entry ban for NigeriansRivers Police Spokesperson lied that officers didn’t fire tear gas at protesters despite video evidenceEFCC nabs man for buying bank account details, N2m fraudSuspects: We’re being forced to implicate Fubara’s CoS in Rivers assembly arsonBandits kill four, abduct 45 in KatsinaProtesters, journalists beaten up in Rivers, activists arrested in Yobe —Amnesty Int’l178,000 mothers, one million newborns die in Africa every year -WHOCBN Spends $669m To Defend Naira In Q1 2025 — ReportPolice fire tear gas at protesters in RiversLakurawa bandits Kill 13 Vigilantes In Kebbi StateReport reveals how Bobrisky smuggled ATM cards into Kirikiri prison, paid N35m to live comfortablyTwo Nigerians jailed in $4.9m U.S. tax refund fraud schemePolice disperse Abuja protesters with tear gasAbure’s men claim NLC planning to invade LP national secretariat over s’court verdictOil Declines As CBN Sells $198 Million To Support Naira15 injured as gas leakage from shop sparks explosion in LagosAbuse Of Process: Appointment Of Imo Chief Judge Illegal — NJC Anambra: After Six Hours Gun Battle, Operatives Dislodge Ogbunka Terror CampSelective Empathy: National Outrage in Edo-16 Killing, Silence in Plateau-52Bandits strike again, kill two Chinese expatriates, Policeman in AbiaGrenade mistaken for scrap metal explodes, kills scavenger, injures othersPolice recover body of site Engineer, killed, buried in shallow grave by his workers
Sun. Apr 13th, 2025 2:36:04 AM
Trending News: BREAKING: Explosion Kills Seven, Injures Several Commuters In BornoFather, two sons killed in Plateau villageNDLEA Destroys Largest Drugs Seizure Of 1.6 Million KilogramsEXTRA: Masquerades lead protest against high electricity bill in KwaraNo! Current Imo Assembly Speaker Didn’t Commission Betting ShopUS embassy announces new visa interview requirements for NigeriansBandit Kingpin Gwaska, Over 100 Others Killed In KatsinaDAILIES TOP STORIES: Resurgent terror attacks unsettle Nigeria’s Northern regionECOWAS court faults Kano’s blasphemy laws, asks Nigeria to amend statutesProtest: Rivers CP removes DPO over’ assault on journalistsCourt orders DCP Abba Kyari to enter defence in ‘drug trafficking’ trialSiemens CEO, family die in New York helicopter crashFG imposes 10-year entry bans for visa overstays, $15 daily fine from August 1REVEALED: Parody X account impersonating Senator Natasha Akpoti-Uduaghan spottedRivers Women Stage ‘Bring Back Our Fubara’ Protest In Port HarcourtBandits Release Abducted Pastor In Kaduna, Detain Ransom CarrierKogi central constituents sue Akpabio, senate over Natasha Akpoti’s suspensionChina hits US with 125% retaliatory tariffs as trade war escalatesSERAP gives FG, NBC 48-hour to reverse Eedris Abdulkareem’s song banEx-Kwara governor Ahmed didn’t repay N1bn SUBEB loan, EFCC witness tells courtEFCC plays video evidence in ex-minister Saleh Mamman’s ‘N33bn fraud’ trialPolice Rescue Abducted Ebonyi Govt Official, Arrest One SuspectOtti urges Igbo youths to join ArmyFire razes shops in OyoPolice arrest man for impregnating 17-year-old daughter in BauchiNBA relocates annual conference from Rivers over emergency rule DAILIES TOP STORIES: Marketers predict cheaper petrol nationwide as Dangote begins naira saleCourt frees 12 IPOB members after four years in prisonTrump tariff hike brings added China rate for many goods to 145%Court Strikes Out Nnamdi Kanu’s Fundamental Rights Suit Against FGNERC fines eight Discos N628m over estimated billingLabour shuts down Steel Ministry Over Workers’ WelfareSoludo: 23 Anambra indigenes on death row in Indonesia for drug offencesDangote Refinery Slashes Ex-Depot Petrol PriceLagos, Rivers, 28 others to experience heavy flooding – FGAkpabio petitions IG, demands Natasha’s prosecution over alleged assassination plot:Gunmen kill four in fresh Plateau, Benue attacks — REPORTDAILIES TOP STORIES: PANDEF, lawyers, CSOs, others kick as Ibas appoints LG administrators in Rivers“Boy who stood in front of Obi’s convoy detained since January without trial”US-China tariff war could cut trade between both countries by 80% — WTO chief, Okonjo-IwealaUS revokes 40 international students visas over traffic offensesTrump pauses tariffs for several countries but raises China’s rate to 125%Nigeria Is Collapsing — Peter ObiNiger dumps French, adopts Hausa as national languageTwo female factory workers drown in Kano poolRenewed Israeli strikes kill 20 in Gaza, ceasefire talks stallFEC orders full implementation of naira-for-crude dealCAJ demands release of detained journalists in Burkina FasoPolice Inspector slumps, dies after watching Arsenal thrash Real Madrid in CalabarBandits kill 2, abduct 60 in ZamfaraAjaero asks NLC members to invade LP offices nationwide after Supreme Court judgment16,000 doctors left Nigeria in 5 years – FGTariff: U.S. Faults Nigeria’s Import Ban On 25 ProductsIbas appoints administrators for 23 Rivers LGs despite court orderNearly 100 dead in Dominican Republic nightclub roof collapseDAILIES TOP STORIES: 11 PDP governors urge S’Court to halt Rivers emergency ruleWitness reveals N3bn Kogi LG funds were laundered through private accountsNEWS EXTRA: NSA Asks Nigerians To Stop Paying Ransom To Bandits, KidnappersLakurawa bandits kill three fishermen in Sokoto village raidPlateau killings genocidal, sponsored — MutfwangNigerian convicted of double murder wins human rights case in UKALERT: NiMet predicts three-day heavy rainfall in six StatesVideo of Taraba Emir Issuing Ultimatum To Fulani Herders In 2021, Resurfaces On X PlatformFour killed in Ebonyi over land disputeFarmers protest in Ondo over killing of four colleagues by suspected herdersTinubu’s aide defends soaring Naira, claims N2,500 can get Nigerian a meal in LekkiBREAKING: Fubara’s Chief of Staff slams Nwaeke, Channels TV with N2bn libel suitHotel owner assassinated in OndoShun Army recruitment, IPOB tells South East youthsGunmen kill one, abduct varsity student in KebbiNatasha Akpoti files N5bn suit against Nwaebonyi over alleged defamationBus rams into Yobe market, kills pregnant woman, four othersPolice arrest two for murder of 80-year-old woman in AnambraDavid Mark warns youths against reprisals in BenueEFCC Arraigns Bauchi Accountant General, Others Over Alleged ₦8.3bn Fraud3 arrested as Police bust Lagos baby factoryFour arrested as JAMB uncovers 585 fake A-Level certificatesDAILIES TOP STORIES: LG autonomy in the mud as govs block council chairmen from opening CBN accountsFG debunks report on Saudi entry ban for NigeriansRivers Police Spokesperson lied that officers didn’t fire tear gas at protesters despite video evidenceEFCC nabs man for buying bank account details, N2m fraudSuspects: We’re being forced to implicate Fubara’s CoS in Rivers assembly arsonBandits kill four, abduct 45 in KatsinaProtesters, journalists beaten up in Rivers, activists arrested in Yobe —Amnesty Int’l178,000 mothers, one million newborns die in Africa every year -WHOCBN Spends $669m To Defend Naira In Q1 2025 — ReportPolice fire tear gas at protesters in RiversLakurawa bandits Kill 13 Vigilantes In Kebbi StateReport reveals how Bobrisky smuggled ATM cards into Kirikiri prison, paid N35m to live comfortablyTwo Nigerians jailed in $4.9m U.S. tax refund fraud schemePolice disperse Abuja protesters with tear gasAbure’s men claim NLC planning to invade LP national secretariat over s’court verdictOil Declines As CBN Sells $198 Million To Support Naira15 injured as gas leakage from shop sparks explosion in LagosAbuse Of Process: Appointment Of Imo Chief Judge Illegal — NJC Anambra: After Six Hours Gun Battle, Operatives Dislodge Ogbunka Terror CampSelective Empathy: National Outrage in Edo-16 Killing, Silence in Plateau-52Bandits strike again, kill two Chinese expatriates, Policeman in AbiaGrenade mistaken for scrap metal explodes, kills scavenger, injures othersPolice recover body of site Engineer, killed, buried in shallow grave by his workers
Sun. Apr 13th, 2025 2:36:04 AM

Alleged N76bn fraud: Court grants ex-AMCON MD, others N20m bail

Justice Mojisola Dada of an Ikeja Special Offences Court on Monday granted N20m, bail to former Managing Director of Assets Management Corporation of Nigeria, Ahmed Kuru, and four other defendants standing trial for alleged Arik Airline N76 bn and $31.5m fraud.

Other defendants in the trial are the 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 Dada granted the defendants bail in the sum of N20m, with one surety each after taking arguments for bail by their respective lawyers.

Detail later…

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