‘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
spot_img
spot_img

Hot this week

NAICOM, NCAA Ink MoU on Aviation Insurance, Safety, Growth

REMARKS BY THE COMMISSIONER FOR INSURANCE/CEO, NATIONAL INSURANCE COMMISSION...

NAICOM Partners ISSP to Advance Insurance Penetration, Financial Inclusion

From left: Mr. Victor Inedu, Special Assistant to the...

NLNG: Mary-Brenda Akoda Wins 2026 NPSI for GenScan AI, Becoming First Millennial Individual Winner

Dr. Sophia Horsfall (middle), External Relations and Sustainable Development,...

CBN Strengthens Supervisory Focus on Terrorism Financing Risk

 The Central Bank of Nigeria (CBN) has elevated terrorism...

Stanbic IBTC Drives Nigeria–China Collaboration for Sustainable Growth at Business Without Borders

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

Topics

Leadway Sponsors The Voice Nigeria to Support Entertainment Industry Insurance

In reinforcing its commitment to promoting insurance and deepening...

Aviation: The $7tr, 82m Jobs By 2030 in Global GDP Projection

The International Air Transport Association (IATA) called on governments...

NAICOM Chief, Segun Omosehin, Hosts Nigerian Factoring Group

The CFI/CEO of NAICOM, Mr. Segun Omosehin recently hosted...

AMCON Urges Nigerians to Patronise Peugeot Automobiles

Mr. Ben Daminabo, Head, Subsidiaries, Asset Management Corporation of...

Access Bank Opens Application for Womenpreneur Pitch-a-Ton 2025 Program

L – R: Nene Kunle-Ogunlusi, Group Head, Women Banking; Chozoba...

COVID-19 Threatens 50m Travel, Tourism Jobs Worldwide

  The World Travel & Tourism Council (WTTC) has cried...

Anchor Insurance MD, Austin Ebose, Bags Insurance CEO of the Year Award

Augustine Ebose Managing Director/CEO Anchor Insurance Company Limited The Managing Director, Anchor...

African Businesses Face Disruptive Forces

Andreas Berger, Chief Regions & Markets Officer and Member...
spot_img

Related Articles

Popular Categories

spot_imgspot_img