Nigeria: EFCC Witness – How Union Bank Kept N51bn From Arik Loan Transaction

[This Day] An Assistant Director of the Economic and Financial Crimes Commission (EFCC), Bawa Usman Kaltungo, has told a Special Offences Court in Lagos that Union Bank of Nigeria Plc allegedly retained about N51 billion realised from a disputed Arik Air loan transaction instead of applying the funds to offset outstanding obligations.

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