Wale Igbintade The Economic and Financial Crimes Commission (EFCC) yesterday told the Lagos State Special Offences Court in Ikeja that the Board of Governors of the Central Bank of Nigeria (CBN) formally approved the takeover of Arik Air Ltd by the Asset Management Corporation of Nigeria (AMCON) following the airline’s alleged severe financial deterioration. Testifying before Justice Mojisola Dada, the fourth prosecution witness, Bawa Usman Kaltungo, an Assistant Director with the EFCC, said the anti-graft agency obtained a Certified True Copy (CTC) of the minutes of the CBN Board of Governors’ meeting where the decision to appoint a receiver-manager for Arik Air was taken shortly after the takeover. According to him, the February 15, 2024 meeting was chaired by then CBN Governor Go...