‘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

NCC Chief, Aminu Maida, Tasks Staff, Stakeholders on Service Excellence on CSW 2026

Address by Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications...

NGX Hails AIHN on 30th Anniversary, Seeks Partnership to Drive Capital Market Growth

GOODWILL MESSAGE BY ALHAJI (DR.) UMARU KWAIRANGA, GROUP CHAIRMAN,...

Stanbic IBTC Champions Equitable Climate Transition at Sustainable Finance Summit 3.0

Stanbic IBTC Holdings, A member of Standard Bank Group...

CBN Inks Innovation MoU with GFTN, Convenes Nigeria–Asia Financial Connectivity Dialogue

En route to the IMF–World Bank Annual Meetings in...

Fuel Discount for 30 Days: Opposition Parties Claim Victory over Tinubu

Opposition parties in Nigeria have claimed victory over the...

Topics

5400 Lufthansa Pilots Set for Strike

On the 23rd of November, around 5400 pilots of...

IATA: Time to Prepare for COVID-19 Vaccine Air Transport is Now

The International Air Transport Association (IATA) urged governments to...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Stanbic IBTC Reports N83bn Profit in 2020, Holds AGM May 27

In its audited financial statements for the period ended...

World Environment Day: Stakeholders at Unity Bank Webinar Demand Urgent Action on Plastic Pollution

Environmental activists and climate change advocates seized the opportunity...

Stanbic IBTC: ‘Youths Need Strategic Engagement, Empowerment for Productivity’

Determined to further strengthen the strategic position...

COVID-19: NCC’s 112 Emergency Number Offers Succour to Nigerians

    The National Emergency Number 112 established by the Nigerian...