Home Africa Nigeria: Alleged N76bn fraud: Ex-AMCON director, Jega, refutes signing loan deals

Nigeria: Alleged N76bn fraud: Ex-AMCON director, Jega, refutes signing loan deals

Nigeria: Alleged N76bn fraud: Ex-AMCON director, Jega, refutes signing loan deals

Africa Links 24 with Francis Iwuchukwu
Published on 2025-07-01 16:43:11

The trial of the former Managing Director (MD) of the Asset Management Corporation of Nigeria (AMCON), Mallam Ahmed Kuru, and four others over alleged N76 billion and $31.5 million fraud continued on Tuesday, with a prosecution witness denying involvement in the loan agreement between Union Bank and Arik Air.

Abbas Jega, a former Executive Director of AMCON and the third prosecution witness (PW3), told Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, that he was neither…

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