‘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

All Nigeria Rotary Peace Summit 2026 to Feature Leading Voices on Governance, Justice, Sustainable Peace

The All-Nigeria Rotary Peace Summit 2026 will bring together...

Nestlé, Guinness, FMN, Aren Paper, Others Back Sustainability Pledge at Africa Forum

L - R: Chika Onuh-Nnamdi, Manager - ESG, Sustainability &...

AXA Mansard Health Wins Outstanding Health Insurance Company Award

AXA Mansard Health has been named Outstanding Health Insurance...

AXA Mansard Wins Customer-Centric Insurance Company of the Year Award

‎AXA Mansard Insurance Plc has been named Outstanding Customer-Centric...

AXA Mansard CEO, Kunle Ahmed, Wins Insurance Brand Personality of the Decade Award

The Chief Executive Officer of AXA Mansard Insurance Plc,...

Topics

Stanbic IBTC PMI: Economic Rebound Continues in August

The recovery in the Nigerian private sector gathered momentum...

African Airlines Record 6.8% Cargo Decline in July

The International Air Transport Association (IATA) released data for...

NCC, Zoho, Africa Data Centre, IHS for Pan African Digital Summit 

The Nigerian Communications Commission (NCC), the regulator of Nigeria’s...

Nigerian Insurers Plan Strategic Rebranding

Operators in the Nigerian insurance sector have taken a...

Stanbic IBTC Bank Partners CIG Motors to Facilitate Affordable Vehicle Ownership

In a significant development for individuals looking to acquire...

Maintaining Banking System Safety amid the COVID-19 Crisis

By Tobias Adrian & Aditya Narain Today we face economic...

NNPC/Seplat JV’s “Eye Can See” Programme Restores Vision, Hope in Imo

Host community members await further medical attention during the...