Shareholders and management of Arik Air are in a dispute over the sale and dismantling of aircraft, with shareholders demanding answers regarding the transactions.

An EFCC witness in the N76bn AMCON fraud probe has reiterated that no illicit funds were directly traced to the personal accounts of former Managing Director Ahmed Kuru during the Arik Air trial.

An NSIB report details the extensive damage from an Arik Air engine failure, with 23 components impacted on a Boeing 737 after a mid-flight incident. Read More: https://punchng.com/23-aircraft-components-damaged-in-arik-air-engine-failure-nsib/

The Economic and Financial Crimes Commission (EFCC) informed a Lagos State Special Offences Court that the Board of Governors of the Central Bank of Nigeria (CBN) had approved the takeover of Arik Air Limited by the Asset Management Corporation of Nigeria (AMCON).

An Arik aircraft has been dismantled at Lagos Airport due to outstanding debt owed to Access Bank, highlighting financial disputes in the aviation sector.

An EFCC witness has testified in court, alleging financial irregularities and unaccounted funds in a complex loan transaction involving Arik Air, Union Bank, and AMCO.

The Economic and Financial Crimes Commission (EFCC) has tendered key Central Bank of Nigeria (CBN) meeting minutes as evidence in the N76bn fraud trial against former AMCON MD Ahmed Kuru, concerning the controversial Arik Air takeover.

An Arik Air Boeing 737 experienced a terrifying mid-air incident when its left engine exploded en route to Port Harcourt, forcing an emergency landing.

During the Arik Air trial, an Economic and Financial Crimes Commission (EFCC) witness testified before a Lagos Special Offences Court that investigations into the alleged unlawful teardown of an Arik Air aircraft did not uncover evidence of financial gains by former Managing Director, Kuru, or Ilegbodu.

The latest testimony adds to a string of contentious claims emerging from the trial over AMCON’s 2017 takeover of Arik Air. The post Arik repaid 38% of foreign loans before takeover, EFCC witness…

A court has admitted fresh evidence in the N76bn and $31.5m fraud trial involving a former AMCON boss and others, who face charges of conspiracy, stealing, and abuse of office related to the alleged conversion of Arik Air funds.