‘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

emPLE, Ecobank Reward Families, Promotes Financial Literacy with ‘Protecting Little Dreams’ Initiative

emPLE Nigeria, in partnership with Ecobank Nigeria, has reinforced...

IPMAN Kicks Against Issuing Licences for Petroleum Products Import

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has...

Stanbic IBTC Empowers MSMEs with Business Growth Insights at Nigeria Business Summit Regional Tour in Ibadan

Micro, Small, and Medium Enterprises (MSMEs) across Oyo State...

NGX Chair: Insurance Sector Needs More Marketing, Digitalisation to Increase Penetration, Contribution to GDP

Remarks by Dr. Umaru Kwairanga, Chairman, Nigerian Exchange Group...

NAICOM Boss Charges CIIN on Professionalism, Ethics, Innovation as Jide Orimolade Emerges 53rd President

The Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr....

Topics

Bureaux De Change Operators Promise Better Investors’ Confidence in Forex Market

The Association of Bureaux De Change Operators of Nigeria...

NCDMB Identifies Key Skill Areas for Capacity Building as AEW Holds in Cape Town

The Nigerian Content Development and Monitoring Board (NCDMB) on...

Sovereign Trust Insurance: N2.5bn Claims Payment in 9 Months

Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc Sovereign Trust Insurance Plc...

DBI Boss: Govt Should Invest in ICT Skills

Dr. Ikechukwu Adinde Administrator Digital Bridge Institute Dr. Ikechukwu Adinde, Administrator of...

‘Govt Must Improve Farm Access, Security to Combat Malnutrition’

Mr. Remmy Nweke, National Co-ordinator, Media Centre Against Child...

Economist Unveils 6-Point Economic Plan for Buhari Administration

Professor Akpan Ekpo, Director-General, West African Institute For Financial And Economic Management (WAIFEM) has drawn a 6-Point Economic Plan for the in-coming Buhari Administration sustainable economic renaissance on the back of regime support for the private sector as growth engine of the economy. The 6-Point Plan is anchored on Reduction of Unemployment, Infrastructure, Human Capital, Diversification, Utilisation of Foreign Reserves and Poverty Reduction. Ekpo said for the country to make progress, the regime must continue to support the private sector as the engine of growth, given that the sector exists in an economic system managed by government.x

NNPC GCEO, Mele Kyari, Bags Energy Times’ GCEO of the Year Award

   R-L: GCEO NNPC Limited, Mr. Mele Kyari (represented by...

E-Payment Transactions Hit N264tn in Q2 2020-NBS

The National Bureau of Statistics (NBS) says a total...