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Business

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ICT

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Capital Market

NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

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Insurance

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Business

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ICT

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‘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.

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Topics

Nigerian, Shola Taylor Appointed Secretary-General of CTO

A Nigerian, Shola Taylor has been appointed secretary-general of the Commonwealth Telecommunications Organisation (CTO), an international treaty organisation headquartered in London. Mr Taylor is expected to start in this new role on 17 September this year. A Nigerian citizen, Mr Taylor is currently the chief executive officer of Kemilinks International, a global ICT consultancy firm based in Lagos. A telecommunications engineer by training, he brings to the CTO over 35 years of global experience in ICTs with government and the private sector. Previous positions held include regional director for Africa at Inmarsat (1994 - 1999), space technology coordinator for developing countries at the International Telecommunication Union (ITU, 1993 - 1994) and project director, also at the ITU (1987 - 1993).

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