Justice Mojisola Dada of an Ikeja Special Offences Court on Monday, 20 January, 2025 granted N20 million, bail to former Managing Director of Assets Management Corporation of Nigeria, Ahmed Kuru, and four other defendants standing trial for alleged Arik Airline N76 billion and $31.5 million 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.
