EFCC tells court how AMCON receivers turned Arik Air into ‘cash cow’

By Henry OjeluThe Economic and Financial Crimes Commission, EFCC, on Friday told the Lagos State Special Offences Court, Ikeja, that Arik Air Ltd was converted into a “cash cow” by Asset Management Corporation of Nigeria, AMCON, appointed Receiver/Managers, leading to massive losses put at more than N350 billion.Testifying before Justice Morenike Dada in the ongoing trial of former AMCON Managing Director, Ahmed Kuru, and four others, the Acting Director of the EFCC Kaduna Zonal Off