Tuesday, December 9, 2025
24.9 C
Lagos

‘AMCON Killed AERO Contractors’

A senior management staff of Aero Contractors has alleged that the Asset Management Corporation of Nigeria [AMCON] was the brain behind the recent indefinite suspension of scheduled air services by Aero Contractors, the nation’s second largest airline.

The official alleged that the management of AMCON connives with the former management of Aero to siphon vital revenue from the airline, making it difficult for Aero to meet basic day-to-day operational needs.

The Aero top management staff told Business Journal: “If you want to know what happened to Aero, go to AMCON because the AMCON people were working with former management of Aero to siphon funds meant for the running of the airline. It is an open secret at the airline but nobody could speak up to avoid being sacked. Buhari cannot be fighting corruption without looking at AMCON. They are more corrupt than the politicians the EFCC is running after. I can tell you clearly that AMCON killed Aero Contractors.”

Business Journal made spirited efforts to reach Mr. Jude Nwauzor, Head of Corporate Communication at AMCON for clarification on the allegation. He did not respond to phone calls and SMS sent to his phone line.

spot_img
spot_img
spot_img

Hot this week

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

Stanbic IBTC Bank Champions Economic Growth Through Strategic Partnership with AfDB

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings...

UBA Group Dominates 2025 Banker Awards, Emerges Africa’s Bank of the Year, For Third Time in Five Years

Africa’s Global Bank, United Bank for Africa (UBA) Plc,...

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Topics

The Role of Media Monitoring Services in Governance and its Application 

  By Philip Odiakose The role of media monitoring services in governance...

Hersurred by Leadway Celebrates One Year of Empowering Women

Leadway Group, one of Nigeria's leading non-banking financial services...

Linkage Assurance Transforms IIupeju Branch to Strengthen Business Access

L-R: Mr. Okanlawon Adelagun, Executive Director, Technical; Mr. Anthony...

CBN Hosts FICAN Bi-Monthly Forum on e-Payment

The Central Bank of Nigeria (CBN) will be hosting...

Firms to Invest $6.6bn in Internet of Things in 2O16

In an update to its Worldwide Semi-annual Internet of...

Access Bank Revamps QuickBucks, Disburses N740bn Digital Loans in 7 Years

Access Bank has revamped its digital loan platform ’QuickBucks’,...

Ford Atlas Concept: The Future of Pickups

Ford Atlas Concept: The Future of Pickups The Ergonomic Interior Ford...
spot_img

Related Articles

Popular Categories

spot_imgspot_img