‘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

Leadway Sustains Support to Nigeria’s Creative Economy with 4th Consecutive Sponsorship of Lagos Leather Fair

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has...

Insurance Meets Tech (IMT) Unveils 5th Edition for September 18, 2026

West Africa's leading insurance and technology conference, Insurance Meets...

Shell Appoints Elohor Aiboni as Executive VP, Country Chair Nigeria

Elohor Aiboni The incoming Executive Vice-President and Country Chair Shell Companies...

Heirs Insurance Group Extends Rewards Programme to Corporate Clients, Unlocking Lifestyle, Wellness Benefits for Employees

Heirs Insurance Group, Nigeria’s fastest growing insurance group, has...

Stanbic IBTC Pioneers Digital Supply Chain Financing in Nigeria through CycleFlow Partnership

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...

Topics

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

WEF to Lead G20 Smart Cities Alliance on Tech Governance

The World Economic Forum (WEF), the International Organisation for...

Designing the Future: Arc Christian Benimana, Prof Taibat Lawanson to Headline Ecobank Design and Build 2025

Ecobank Nigeria has announced that celebrated architect Arc. Christian...

 Corpreneurship Challenge: Unity Bank Splashes N10m Grant on 30 Corps Members

L-R: 2nd Prize Winner - Ilesanmi Olamide Phebe, Unity...

CBN: How PTA to MDAs, Estacodes Gulped $4bn in 2019

The Central Bank of Nigeria (CBN) says government officials...

Access Holdings to Acquire Majority Equity in First Guarantee Pension

Dr. Herbert Wigwe Group Chief Executive Officer Access Corporation Access Holdings Plc-...

NTITA: NCC, Danbatta Bag Fresh Awards for Broadband Development

L-R: Akin Naphtal, Chief Executive Officer, InstictWave; Prof. Umar...

Standard Chartered Unveils Digital-only Banks in 4 African Markets

Standard Chartered yesterday announced the start of the second...