‘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

NIA Leaders Visit NAICOM to Strengthen Industry-Regulator Collaboration, Development of Insurance Market

Mrs. Nwachukwu Ebelechukwu, Chairman Nigeria Insurers Association (NIA) and...

Nigerian Insurance Leaders Grace 30th AIO Reinsurance Forum in Mauritius

Faces of the Nigerian insurance industry delegation at the...

PalmPay Named Digital Payments Platform of the Year at BusinessDay BAFI Awards 2026

L-R: Chika Nwosu, Managing Director, PalmPay with Frank Aigbogun,...

Guinness “Open For More” Promo Grand Prize Winner Drives Home ₦150m Toyota Prado as 1,075 Consumers Win Big

L-R: Rotimi Odusola, Legal and Corporate Relations Director, Guinness...

How Nigerians Abroad Can Grow Wealth at Home

By Tolulope Rojaiye A Nigerian professional in London closes her...

Topics

Stanbic IBTC Ignites Investment Spark with InvestBeta Season 2

Following the success of its debut season, Stanbic IBTC...

Houlin Zhao: The Emergence of New ITU Secretary-General

• ICT engineer turned career diplomat endorsed as ‘safe...

The Cement War

The global supremacy for cement production is growing per...

Arase, Adegboruwa, Aniagolu-Okoye, Ardo Lineup for GOCOP Confab’22

The 2022 conference of the Guild of Corporate Online...

Media is Key Partner in Growth of Capital Market in Nigeria

Welcome Address by the Chairman of 2024 CAMCAN Workshop,...

A New book, ‘The Conversation,’ to Address Family Issues Unveiled

StepCraft Books, the publishing arm of StepCraft Nigeria Limited,...

“Great Macro Trade of 2017”: Changing Narratives on Nigerian Equities

How quick narratives change in frontier markets investing. Just...