‘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

Sovereign Trust Insurance Spreads Love with Fire Safety Drive

On Valentine's Day, Sovereign Trust Insurance Plc showed its...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

RB Durex Partners PPFN on Sexual Health

In line with RB’s continuous commitment to being a...

Sterling Bank Partners NJFP to Sponsor Training of 1,000 Fellows

Sterling Bank Plc has partnered with Nigeria Jubilee Fellows...

Nigeria May Lose LNG Market to Benin Republic

With a population of less than 12 million and...

Mobile Phones Fast Track Financial Inclusion in Sub-Saharan Africa

Even as mobile money services become part of daily...

Stanbic IBTC Bank Budgets N130m in 4th Season of Reward4Saving Promo

Stanbic IBTC Bank, a leading financial services provider in...

NGX Group Chair: Dangote Refinery is a Blessing to Nigeria

REMARKS DELIVERED BY THE CHAIRMAN, NGX GROUP, ALHAJI (DR.)...