‘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.

Hot this week

Nigeria’s Private Sector Launches Gender Country Program to Unlock Inclusive Growth

Senior government officials, regulators, development finance institutions and business...

SERAP Sues INEC over ‘Failure to Probe Alleged N800bn FAAC Diversion for Campaign Funding’

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit...

PTAD: Harmonisation Reforms Designed to Advance Pension Equity

The Pension Transitional Arrangement Directorate (PTAD) says implementation of...

How Babies N’ Stuffs is Building the Future of Parenting Commerce in Nigeria

Nigeria's baby products industry is undergoing a quiet transformation. Driven...

NGX Leadership Engages Global Community on T +1 Policy to Strengthen Nigeria’s Capacity to Attract FDI

Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX)...

Topics

NAICOM Hosts Gambia Central Bank Delegation for Strategic Knowledge Exchange

L-R: Nyang Madeleine Gomez, Leader of Gambia Central Bank...

PenCom Commences Online Verification/Enrolment for 2021 MDA Retirees

The National Pension Commission (PenCom) has developed an online...

NNPC Says Crude Oil Production, Price Benchmark for 2024 Budget Realistic

The Nigerian National Petroleum Company Limited has assured that...

Nigeria Seeks $21bn China Loan to Finance Budget

Nigeria’s Minister of Budget and National Planning and Senator...

Ecobank Remodels Branches for Enhanced Customer Experience, Service Delivery

Ecobank Nigeria has started the remodeling of its branches...

MTN Nigeria Board Condemns Xenophobia in South Africa

The Board of MTN Nigeria wishes to add its...

Portugal Football Club Signs on 19-Year-Old Nigerian- born Yaqub Usman-Malah

L-R: President, Brito Sport Club, Jose de Castro Dias and Nigerian-born young...

‘Businesses Need More Than Just Money to Thrive’ –Interswitch CEO

  Mitchell Elegbe Founder/GMD Interswitch Group Mitchell Elegbe, the Founder/GMD of the Interswitch...