‘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

OPay Plans IPO in US, Listing on NGX to Empower Nigerian Investors

The prospect of Nigerian investors owning a stake in...

Philanthropist Revives Critical Thinking with South-East Campus Debate Oct 17

Dr. Ikenna Okafor, a philanthropist and businessman says the...

BBNaija: ARP Report Examines a Decade of Fame, Controversy, Commercial Value

New Africa Reputation Pulse report examines a decade of...

Nigeria, Other African Nations Expand Local Defence Production to Save Foreign Currency

  Major arms imports to sub-Saharan Africa rose 13%...

Topics

NCC, ALTON Back 2021 ITREALMS E-Waste Dialogue

The apex telecommunications regulator, the Nigerian Communications Commission (NCC)...

Google Slashes Political Lobbying to $3.8m

Google slashed spending on lobbying by 25.5 percent in...

AIO: AfCFTA Represents a Trremendous Opportunity for African Insurers

Jean Baptiste Ntukamazina Secretary General of AIO According to the Africa...

Assault on Journalists: IPI Nigeria Opens ‘Black Book’ for Perpetrators

Minister of Information and Culture, Alhaji Lai Mohammed (Middle);...

Adeosun: ‘FG Committed to Infrastructure Financing’

The Minister of Finance, Mrs. Kemi Adeosun yesterday emphasised...

NCDMB Holds Retreat with Senate Committee on Local Content, Seeks Close Collaboration

Cross-section of NCDMB management and members of the Senate...

Insurance Sector Plans 10-year Strategic Plan for Sustainable Growth

The insurance industry in Nigeria says it would soon...

Ethiopian Wins African Airline of the Year 2017 Award

Africa’s largest airline group, Ethiopian Airlines, is delighted to...