‘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

Ecobank Marks 14th Ecobank Day Across Nigeria, Empowering Students with Digital Skills for the Future

Hope Fountain Foundation for the Deaf, Agege, Lagos. Ecobank Nigeria...

Leadway Named Insurance Company of the Year at 2026 BusinessDay BAFI Awards

L–R: Chief Executive Officer, Creato Urban Limited, Odion Aleobua;...

Emergency: Rising Prices Worsen Nigeria’s Food Insecurity—Orodata

Rising food prices and the high cost of nutritious...

Fidelity Bank Excels at 2026 BAFI Awards, Wins Two Awards

L-R: Mobolaji Sunmoni, Team Lead, Upstream; Abimbola Ogunyemi, Team...

Fidelity Bank: Celebration of Beauty Industry Excellence

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe...

Topics

OPEC to Unveil World Oil Outlook at ADIPEC Oct 31

The 2022 OPEC World Oil Outlook (WOO) will be...

SEC Nigeria Commemorates 7th World Investor Week

  The Commission, in collaboration with the Financial Literacy Technical...

Nigeria, 24 African Countries for ICE Gaming Event

The international gaming industry has shown its support for...

Stanbic IBTC Tops List of Banks With Gender Balance In Executive Positions

  Stanbic IBTC Holdings PLC, a member of Standard Bank...

AfDB Seeks Global Support for Africa’s Young Farmers

The African Development Bank has called for global support...

Adeosun: PPP Model to Drive Infrastructure Plan

The Minister of Finance, Mrs. Kemi Adeosun said at...

Toyota Fortuner: The Art of Power & Comfort

The Toyota Fortuner is Bold yet refined, rugged yet...

NAICOM, Edo State Partner on Compulsory Insurances, Market Dev Initiatives

L – R: Karachi Anyanwu, NAICOM; Rasaaq Salami, Head...