‘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

EFCC Loses Bid to Prosecute Chappal Energies MD over Shareholding Dispute

Justice Josephine Obanor of an FCT, Abuja, high court...

Nigeria Records 43,000 Snakebites, 2,500 Deaths Annually

Experts have urged residents to avoid handling snakes and...

Tangerine General Insurance, emPLE Nigeria Join IMT 5.0 as Sponsors

Insurance Meets Tech (IMT), West Africa's leading platform for...

LAWMA Hosts Students on Educational Visit to Mark World Science Day 2026

The Lagos Waste Management Authority (LAWMA), through its Academy,...

Leadway Assurance Returns as Official Insurer of Lagos International Trade Fair for the Second Consecutive Year

Leadway Assurance, Nigeria’s leading insurance services provider and a...

Topics

NCC Suspends Data Price Hike

Following the concerns that visited the directive to introduce...

NCRIB Strengthens Collaboration with BIBA

L- R: Managing Director, Risk Analyst Insurance Brokers, Dr....

Sovereign Trust Insurance Participates at NCRIB Market Storm Project

L-R: Femi Oduwole, MD, Leverage Insurance Brokers, Tope Adaramola,...

Heirs Insurance Unveils Winners of N8m Essay Championship Scholarship

L-R: Charles Odii, DG, SMEDAN; Alhaji Misbau Umar Yola,...

West African Stakeholders Embrace Universality of Internet

Mr. Tony Ojobo President African ICT Foundation Stakeholders of the ICT sector...

Global Air Freight Growth Slows in May

The International Air Transport Association (IATA) released global air...

Editors Tackle FG over Social Media Regulation, Elects Isah Ag President

The Nigerian Guild of Editors (NGE) has cautioned the...

Stanbic IBTC Donates Vocational Centre for Young Inmates

Stanbic IBTC Holdings PLC, a member of Standard Bank...