Tuesday, March 31, 2026
26.1 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

Railway Infrastructure is One of the Solutions to Africa’s Trade Expansion

By Caroline Trefault Intermodal Africa Manager at MSC As Africa’s...

APC Chairman, Nentawe Yilwatda, Hails President Tinubu at 74

Professor Nentawe Yilwatda, National Chairman, All Progressives Congress (APC),...

NCC Directs Telecom Operators to Compensate Subscribers for Poor Network Service

The Nigerian Communications Commission (NCC) has directed Mobile Network...

BudgIT Demands Accountability over N129.5bn Disbursed on 2023 Census Without Result

Nigeria's last credible population census was conducted in 2006....

Topics

FG Presents Discharge Certificate to Transcorp Power Plc, 1st in Nigeria

R-L: Vice President, Professor Yemi Osinbajo and Group Chairman,...

Ecobank Ready to Explore Opportunities in AfCFTA–CEO

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said...

Stanbic IBTC Bank PMI: Business Confidence Jumps as Growth Sustained at Start of 2025

The nascent growth in the Nigerian private sector seen...

Mobile Broadband to Reach 4.3bn Globally in 2017

The new 2017 edition of ITU’s ICT Facts and Figures reveals...

Oloibiri Museum: NCDMB Executes Construction Contract with Julius Berger

The Nigerian Content Development and Monitoring Board (NCDMB) on...

Global Smartphone Market to Decline 11% over Coronavirus

The global smartphone market recovery will be impacted in...

NIGERIA’S NAIRA DEVALUATION: NOT A DAY TOO SOON

BY AUBREY HRUBY There was a collective sigh of relief...

NCDMB: NOGICD Act Not Weakened by Presidential Orders on Oil Sect

The three Executive Orders issued by President Bola Ahmed...
spot_img

Related Articles

Popular Categories

spot_imgspot_img