Sunday, February 22, 2026
27.5 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

Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

Mutual Benefits Assurance Plc, a leading Nigerian insurance company,...

Unity, Providus Banks Merger a Done Deal as Integration Progresses

Following the recently held Court-Ordered Meeting and subsequent overwhelming...

NCC Seeks Stakeholders’ Input on National Telecoms Policy Review 

The Nigerian Communications Commission (NCC) has called on interested...

CBN Chief, Olayemi Cardoso, Tasks Central Banks, DFIs on Africa’s Growth

The Governor of the Central Bank of Nigeria, Mr....

NCC Management Hosts ATCON EXCO on Courtesy Visit

L- R: Abraham Oshadami, Executive Commissioner Technical Services, Nigerian...

Topics

Universal Insurance MD/CEO, Jeff Duru, Bags CIBN Associate Membership

  Dr. Jeff Duru Managing Director/CEO Universal Insurance Plc The Managing Director/CEO of...

Stanbic IBTC to Groom Future Business Leaders Through YLS

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

Stanbic IBTC Bank Showcases upgraded EOL 2.0 Transaction Solution

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

Africa CEO Forum Launches Online Campaign

The Africa CEO Forum launched a Q&A Campaign#AskDelphine this...

Eko Atlantic City Unveils Nigeria’s 1st 8 Lane City Road

Eko Atlantic City, a unique, innovative development, in a...

US Approves Airbus, Boeing Aircraft Export to Iran

The US Treasury Department’s Office of Foreign Asset Control...

Gokada Secures $5.3m Series A Funding

Gokada, the Lagos-based on-demand motorcycle taxi app, has secured...

NCDMB Acquires 20% Equity in 100kbpd Refinery Project

The Nigerian Content Development and Monitoring Board (NCDMB) has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img