‘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

Brokers Seek Synergy with Lagos State on Insurance Education

L-R: Deputy President of The Nigerian Council of Registered...

VFD Group Publishes 2024 Q1 Unaudited Financial Results

VFD Group Plc, a leading proprietary investment company in...

Understanding Why Corporates Need Credit Rating

As we transition into the second half of 2026,...

Muktari, Royal Exchange CEO Wins Most Outstanding CEO Award

L-R: Alhaji Auwalu Muktari, Group Managing Director/CEO, Royal Exchange...

Inclusion Must be a High Priority in Commonwealth ICT Agendas- says Professor Tim Unwin

Professor Tim Unwin, Secretary-General of the Commonwealth Telecommunications Organisation...

Hayford Alile: ‘Great Loss to Capital Market in Nigeria’

The Nigerian Stock Exchange (NSE) mourns the loss of...

COVID-19: Interswitch Group, Employees Raise N305m Response Fund

                                                                                                          In a unique employee-led effort, Interswitch Group,...