EFCC Uncovers Multi-Billion Naira Diversion Scheme Involving Arik Air Funds
The EFCC uncovered a multi-billion Naira diversion scheme where Arik Air funds were allegedly used to bankroll NG Eagle airline. Testifying in court, the EFCC's Zonal Director detailed suspicious transfers and loans meant for Arik Air being redirected to NG Eagle.
Former AMCON boss Ahm Kuru and others are on trial for their involvement. The investigation revealed questionable financial transactions and secret loan sales, implicating key figures and organizations.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
Read full article
Continue on News Online Nigeria
Share
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Free · one email per week · unsubscribe anytime
Related Stories
Politics
EFCC Arraigns Austrian for Alleged Non-Declaration of $800M at Lagos Airport
Politics
EFCC Probes N2.2bn Foreign Currencies Intercepted at MMIA for Alleged Non-Declaration
Politics
EFCC Secures Interim Forfeiture in $150,000 Investment Dispute Linked to Vetifly Director
Politics
EFCC Charges Former Banker Over $510,000 Diversion Scandal
Politics
EFCC Arrests Archbishop for Alleged Naira Abuse and Money Laundering
Politics
Sanwo-Olu Calls for Unity and Hope on Independence Day
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
