‘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

DataPro: Beyond the Balance Sheet: A Thorough Approach to Ratings

“In today’s complex financial world, your creditworthiness is your...

NAICOM Pledges Support for Lagos State Building Insurance Scheme

Keynote Address by Mr. Olusegun Ayo Omosehin, Commissioner for...

Nigeria’s $2bn Renewable Energy Investment Yields Only 76,000 Jobs, REA Flags Local Capacity Gap

Dr. Abba Aliyu, Managing Director of the Rural Electrification...

Ecobank Nigeria Launches Scaling Up Podcast to Champion African Entrepreneurship, Business Growth

Ecobank Nigeria has launched Scaling Up!!!, its flagship business...

DataPro Unveils Date, Registration for 6th International Rating Webinar

The anticipation is already building for the 6th Edition of the...

Topics

Ecobank Group Unveils Top Finalists for 2024 Ecobank Fintech Challenge

Ecobank, the pan-African Bank, has announced the top finalists...

Jose Mourinho: Why Chelsea Won 2015 English Premier League

The Blues suffered a 5-3 humiliation at the hands of Spurs that day and Mourinho claims its impact was felt throughout the squad and it inspired the team rather than demoralising them-so much so that they’ve yet to lose since, putting together a formidable 14-game unbeaten run, clinching the title in the process.

Bank Customers Lost N2bn to e-Fraud in 2016

The Central Bank of Nigeria (CBN) says that bank...

Jobberman, Mastercard Target 5m Job Seekers in Alliance for Better Work Initiative

Jobberman, a major job placement website in sub-Saharan Africa,...

Insurance Industry Most Resilient, Fast Expanding Sector in Nigeria –IICC Chairman

The Chairman, Insurance Industry Consultative Council (IICC), Mr. Edwin...

GE Restates Commitment to Africa at 2016 U.S.-Africa Business Forum

Two years ago, the first U.S.-Africa Business Forum drew...

The Business Case for Housing Microfinance in Sub-Saharan Africa

A new study from Habitat for Humanity says that...