‘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

Harmony Group CEO, Olusegun Adebayo, Bets on Lekki Growth with Launch of New Housing Projects

As demand for quality housing continues to rise across...

Mother Nature Is Speaking. Are We Listening?

Over the past few days, Lagos has witnessed severe...

Lagos Flooding Sparks Fresh Interest in Safer Property Investments as Experts Set for Three P Conference

The widespread flooding that recently disrupted homes, businesses and...

Nigeria’s Nuclear Ambitions Boosted as Akkuyu NPP Unit 1 Construction is Completed

Nigeria is steadily advancing toward the development of its...

NHIA, ‎PTAD, Universal Insurance Sponsor NAIPE 2026 AGM

‎The National Health Insurance Authority (NHIA),‎ Pension Transitional Arrangement...

Topics

Ecobank Nigeria Launches AI, Digital Skills Training for Children in Lagos Schools

Some members of staff of Ecobank Nigeria, Opolo Global...

Banks Leveraging Digital Tech to Drive Customer Satisfaction – Akinwuntan

Mr. Patrick Akinwuntan Managing Director/CEO Ecobank Nigeria Chairman of the Chartered Institute...

Afreximbank, AFC, Gemcorp Partner on $335m Cabinda Oil Refinery Facility

    Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and...

UBA to Raise N239.4bn through Rights Issue

Africa’s Global Bank, United Bank for Africa (UBA) Plc,...

Global Airlines Financial Monitor: May 2O16

Key Points: · Global airline share prices fell by 3.0%...

BudgIT Tasks Buhari on N13tr Fuel Subsidy Corruption in 13 Years

To the detriment of socio-economic developments, Nigeria has spent...

PenCom to Commence 2022 Online Verification/Enrolment Exercise for Retirees

The National Pension Commission (PenCom) wishes to inform the...

Fidelity Bank Partners WorldRemit on Instant Money Transfer

Mr. Nnamdi Okonkwo Managing Director/CEO Fidelity Bank Plc WorldRemit has gone into...