‘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

What Every Brand, Tourism Board, Communications Leader Can Learn from Ojude Oba 2026

The Ojude Oba Festival is no longer merely one...

Understanding Why Corporates Need Credit Rating

As we transition into the second half of 2026,...

SERAP Sues NNPCL Over Alleged ‘Failure to Account for N5.9bn Rebranding Cost’

The Socio-Economic Rights and Accountability Project (SERAP) has filed...

RMB Supports Ministry of Finance Nigeria in Unlocking Regional Trade

RMB recently played a central role in concluding a...

Obasanjo Calls for National Drive to Develop Nigeria’s Adire Industry at Ecobank Adire Lagos Experience

Former President of Nigeria, Olusegun Obasanjo, has called for...

Topics

N5tr Debt Recovery a Challenge to All Nigerians – AMCON

Managing Director and Chief Executive Officer, Asset Management Corporation...

Renmoney Partners Freshworks on Better Customer Engagement

Renmoney one of Nigeria’s leading fintech companies, has deployed Freshworks customer engagement...

Ecobank Academy, Partner Red Cross/Red Crescent on Leadership

Ecobank is proud to announce that its prestigious Ecobank...

Visa Champions Women Entrepreneurs in Africa

Visa is launching She’s Next, Empowered by Visa, in Africa,...

Media Remains Nigeria’s Biggest Development Partner, Says BOI MD Olusi

The Managing Director/Chief Executive Officer of Bank of Industry,...

Interswitch, ACI Worldwide Deepen Strategic Partnership to Revolutionise Africa’s Payments Landscape

Africa's payments ecosystem has undergone significant transformations in recent...

LOMA Partners P+ Measurement Services as Official PR Measurement Partner

The Location Marketing Awards (LOMA), often referred to as...