Thursday, May 1, 2025
32.3 C
Lagos

‘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.

spot_img
spot_img
spot_img

Hot this week

emPLE Unveils BETA Life: A Three-in-One Endowment Plan for Smarter Savings and Protection

emPLE Life Assurance Limited has announced the launch of...

STI CEO, Soyinka, Lauds Nigerian Workers on May Day

As the world marks this year’s edition of Workers’...

NGX Group, Min of Industry, Trade and Investment, Collaborate to Advance Economic Transformation

Nigerian Exchange Group Plc (NGX Group) recently hosted the...

Inspenonline Summit to Stimulate Interest for Good Retirement

The 2025 Inspenonline Retirement Summit is aimed at stimulating...

Banks, Telecoms, Mobility Brands Dominate Q1 2025 Media Performance Charts

Following the Central Bank of Nigeria’s directive to harmonize...

Topics

Stanbic IBTC Bank Emerges Best Sub-Custodian Bank in Nigeria

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

NAICOM + PenCom: Beautiful Deal!

R-L: Mr. O. S. Thomas, Commissioner for Insurance, National...

Emirates Resumes Nairobi, Africa Flights, Unveils Special COVID-19 Health Cover

Africa is getting a priority in Emirates’ latest resumption plans. Emirates...

Profit Taking in Banking Stocks Drags Market Performance… NSE ASI down 10bps

The negative performance of the local bourse was sustained...

MMM: End of the Road or Bigger Beginning?

For Nigerian investors in the Mavrodi Mundial Moneybox (MMM)...

Anchor Insurance Sponsors Babakekere, Ogiame Erejuwa II Stage Plays

Anchor Insurance Company Limited, one of the fastest growing...

Seplat CEO: Court Vacates Interim Ex-Parte Orders

Mr. Roger Brown CEO Seplat A Federal High Court sitting in Lagos...
spot_img

Related Articles

Popular Categories

spot_imgspot_img