A Lagos Special Offences Court has admitted a Court of Appeal judgment into evidence, confirming the legality of the Asset Management Corporation of Nigeria’s (AMCON) receivership over Arik Air.
The document was accepted during the ongoing 76 billion naira (approximately £36 billion) fraud trial involving Ahmed Kuru, former AMCON MD and several others.
Read also:EFCC witness admits inability to trace evidence against former AMCON MD in Arik case
Key evidence and cross-examination
The Certified True Copy (CTC) of the appellate court’s ruling was tendered before Justice Mojisola Dada during the cross-examination of the prosecution’s fourth witness, Bawa Usman Kaltungo, who serves as the Director of the Economic and Financial Crimes Commission’s (EFCC) Lagos Zonal Directorate 2.
The newly admitted judgment effectively overturns an earlier decision that Arik Air founder, Sir Johnson Arumemi-Ikhide, had relied upon to challenge the appointment of AMCON’s Receiver-Manager.
Alongside Kuru, the other defendants standing trial on
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