‘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

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...

NAICOM, PenCom: Bigger Capital Must Translate into Better Services, Financial Security

L-R: Commissioner for Insurance/CEO, National Insurance Commission, Mr. Olusegun...

Fidelity Bank: Shareholders Commend Strong Capital Base, Asset Quality, Earnings Growth at 38th AGM

L – R: Kevin Ugwuoke, Executive Director, Risk Management;...

Topics

Sterling Bank Cleans Up Nigeria

L-R: Executive Director, Commercial and Institutional Banking, Sterling Bank,...

Nigeria Loses N2.5bn to Gas Flaring Yearly

BudgIT advises the Nigerian government against the effects of...

Exploring Trust, Authenticity, Engagement in a Saturated Digital Space 

By Elvis Eromosele Humans are naturally biased. This makes changing...

GLO Leads with 26.6m New Internet Subscribers in June

Globacom, Nigeria's data grandmasters, has again bested other operators...

QUESTIONS TO ASK BEFORE BUYING OFF-PLAN PROPERTY

BY DENNIS ISONG Purchasing a property off-plan is a good...

NSE Admits Airtel Africa to its Main Board

 L – R (A) shows Segun Ogunsanya, Managing Director/CEO,...

Building the COVID-19 Word Register

  By Elvis Eromosele Since COVID19 burst into our consciousness in...