‘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

Guinness “Open For More” Promo Grand Prize Winner Drives Home ₦150m Toyota Prado as 1,075 Consumers Win Big

L-R: Rotimi Odusola, Legal and Corporate Relations Director, Guinness...

How Nigerians Abroad Can Grow Wealth at Home

By Tolulope Rojaiye A Nigerian professional in London closes her...

Tinubu Commends World Bank Report on Positive Impact of FG Reforms

President Bola Ahmed Tinubu has welcomed the World Bank's...

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

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

Topics

Lagos State Partners Ecobank to Uplft Artisanal Fisheries Value Chain

Left: Permanent Secretary, Ministry of Agriculture, Lagos State, Hakeem...

Emirates Rolls out 700 Exclusive Winter Deals with My Emirates Pass

Emirates Airlines has announced exclusive winter offers with My...

NIA Congratulates Segun Bankole on Election as CAMCONIA Chairman

The Nigerian Insurers Association (NIA) has sent a message...

Seplat Takes Immediate Steps to Counter Interim Court Orders Against its Officers

  Seplat Energy says it was already aware of moves...

Niger Insurance Plans Strategic Transformation, Injection of Capital

Niger Insurance Plc is set to restructure its Board,...

Interswitch Champions Digital Transformation for the Energy Sector

L-R: Godwin Okoduwa, Head, LPG Sales & Marketing, Falcon...

May 29: Unpromising Start, Promising Future                        

  Tim Akano Click-click-click-click-click-click-click-click-click-click-click is the loud, weird, grinding vroom reviving...

24th CRMI Int Confab: Shettima, Ugwuoke, Cardoso, Edun, Push for Home-Grown Risk Solutions

L-R: Registrar/CEO, Chartered Risk Management Institute of Nigeria (CRMI),...