‘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

NAICOM Tasks Directors on Corporate Governance, Performance Post-Recapitalisation

It is my distinct honour to welcome you to...

NAICOM Tasks Directors on Corporate Governance, Performance Post-Recapitalisation

It is my distinct honour to welcome you to...

Polaris Bank Strengthens Cancer Advocacy Through Sustained Community Impact

L-R: Olabisi Oladiran, Founder WinCancer Foundation; Rasheed Bolarinwa, Head,...

Green Energy Financing Helps Nigerian SMEs Cut Power Costs and Boost Productivity

Nigeria’s energy sector is entering a period of significant...

Leadway Earns Commendation from SMEs as 100 Businesses Enjoy Free Exhibition at Lifestyle Fair

Small and medium-sized enterprises (SMEs) have commended Leadway Group,...

Topics

G2O Nations Jeopardise Energy Transition

The G20 nations are at risk of falling short...

Stanbic IBTC Bank Nigeria PMI: Recovery from Cash Crisis Continued in May

Latest PMI data indicated that the Nigerian private sector continued...

GTBank Fashion Weekend 2018 Set for November 10

From Saturday, the 10th to Sunday, the 11th of...

Tanta Secure Unveils Corporate, Individual Plans to Smartphone Users

Tanta Secure Limited, an indigenous device protection and information...

Environment Day 2021: Sterling One Foundation Cleans Alpha, Eleko Beaches

By Fabian Ekeruche Sterling One Foundation says it remains unwavering...

Niger Insurance Reports N1.15bn Claims Payment

Mr. Edwin Igbiti, Managing Director/CEO, Niger Insurance Plc says...

Eko Atlantic City Unveils Nigeria’s 1st 8 Lane City Road

Eko Atlantic City, a unique, innovative development, in a...

CBN Assures Bank Depositors of Safety of Funds

The Central Bank of Nigeria (CBN) has noticed reports,...