Arik Air denies diversion of N120bn
The management of Arik Air Limited (in receivership) has dismissed allegations of misappropriation of funds to the tune of N120 billion. The Economic and Financial Crimes Commission had reportedly detained the Receiver Manager appointed by the Assets Management Corporation of Nigeria for Arik Air, Mr Kamilu Omokide, over alleged misappropriation and diversion of about N120bn.
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