‘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

Africa Sustainability Forum 2026: Driving Conversations on Green Growth, Shared Prosperity

TheNumbersNG.com, a data-driven and analytical online news and media...

NAICOM Refutes Report on N100bn Recapitalisation Allegation, EFCC Action

REJOINDER TO A FALSE AND MISLEADING PUBLICATION ON THE...

NAICOM, NCAA Ink MoU on Aviation Insurance, Safety, Growth

REMARKS BY THE COMMISSIONER FOR INSURANCE/CEO, NATIONAL INSURANCE COMMISSION...

NAICOM Partners ISSP to Advance Insurance Penetration, Financial Inclusion

From left: Mr. Victor Inedu, Special Assistant to the...

NLNG: Mary-Brenda Akoda Wins 2026 NPSI for GenScan AI, Becoming First Millennial Individual Winner

Dr. Sophia Horsfall (middle), External Relations and Sustainable Development,...

Topics

Sterling Launches Imperium Platform for Solar Energy Consumers

Sterling Bank Plc has launched a new and innovative...

NCC: Inside the N345bn Revenue Haul in 5 Years

L-R: Hon. Unyime Josiah Idem, Deputy Chairman, House Committee...

AfDB Approves $1.5bn Fund to Avert Food Crisis in Africa

The African Development Bank (AfDB) has approved the sum...

Nigeria: Freedom Mirrored by Media Evolution

Stanislaus Martins Aleph Group’s Managing Director for West Africa From the...

PTAD Pays N846.1m Accrued Arrears, Gratuity to 2,730 Pensioners

The Pension Transitional Arrangement Directorate (PTAD) has paid the...

NSE Celebrates Global Money Week to Promote Financial Literacy

L – R shows  Chinelo Okafor, Children Banking, Access...

‘Africa Has GDP of $3.4 tr,1bn Population’

Equatorial Guinea will host the African Development Bank’s next...