‘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

NCDMB to Launch Oil and Gas Trainers Certification

The Nigerian Content Development and Monitoring Board (NCDMB) is...

World Yeye Adesola Odeyeyiwa Day: Celebrating a Woman of Great Industry and Elegance

      By Goke Ilesanmi It is another WORLD YEYE ADESOLA ODEYEYIWA...

NAICOM, Ghana’s NIC Strengthen Regional Integration, Drive Insurance Innovation

L-R: Dr. Abiba Zakariah; Commissioner for Insurance, National Insurance...

NCC, CAC Inform Telecom Stakeholders of New Ownership Structure Requirements

The Nigerian Communications Commission (NCC) and the Corporate Affairs...

NCC Appoints Princess Oforitsenere Emiko as Interim Chairman of Digital Bridge Institute Governing Board

The Board of the Nigerian Communications Commission (NCC) has...

Topics

Manage Your Career Beyond Degree, says Kendor Consulting CEO

L-R: Mr. Orimolade Oluwamuyemi, Regional Marketing and Communications Coordinator –...

World Telecom Labs Survey: USF Offers Huge Potential for Connectivity

World Telecom Labs (WTL) unveiled the findings of its...

African Alliance: N56bn Assets, N8bn Claims Paid, N6bn Profit in 2020

African Alliance Insurance Plc has declared a profit before...

MTN Nigeria Launches 4G+ for Superior Customer Experience

MTN Nigeria Communications Plc has launched 4G+ in Lagos,...

NESTLE: Building Sustainability into Product Design Process

The Nestle Brands The way a product or service is...

Nigeria Airways: Murdered in Cold Blood 12 Years Ago by Government! Obasanjo Part 2

In Pages 109, 110 and 111, IFC further gave a deft analysis of the consequences of Liquidation, some of which include: (i) Less likelihood of strong national carrier from “survival of the fittest local strategy; (ii) Disorderly development of air transport market: increases of financial cost from collapse of several domestic carrier; (iii) Great likelihood of worsening safety records in Nigeria; (iv) Increased reliance on foreign carriers, among others. (v) Nigeria would most unlikely not develop into a regional hub.

Five Millionaires Emerge in Polaris Bank’s Ongoing ‘Save & Win’ Promo

Five lucky Nigerians at the weekend hit a fortune...

CNG Adoption: NNPC Retail Educates 1,000 Auto Mechanics

As part of its efforts to accelerate the adoption...