Aero Contractors Denies Alleged Diversion Of $3m Fund – THEWILL NEWS MEDIA

Home Manufacturers Aero Contractors Denies Alleged Diversion Of $3m Fund – THEWILL NEWS MEDIA
Aero Contractors Denies Alleged Diversion Of $3m Fund – THEWILL NEWS MEDIA

July 27, (THEWILL) – Embattled Nigeria’s carrier, Aero Contractors, has denied allegations of fund diversion totalling $3 million.

A publication had on Monday, alleged how a $3 million non-refundable part payment meant for the acquisition of a Bombardier aircraft by Asset Management Corporation of Nigeria (AMCON) for Aero Contractors was diverted.

The allegation is coming barely a fortnight that the airline announced that it will shut down operations due to the impact of challenges of the operating environment on its daily operations.

But Aero in its reaction has denied the claim, stating that Aero Contractors, and the Asset Management Corporation of Nigeria (AMCON), are totally unaware of the diversion of any $3 million belonging to both or either organisation meant for the acquisition of a Bombardier aircraft for Aero Contractors Limited, talk less of a refund by Bombardier, a reputable aircraft manufacturer still in existence.

According to an official statement signed by Aero Contractors management, “one Femi Adeniji who claimed to be an Engineer and CEO of NIGAME Aircraft Consultancy Incorporation in faraway Florida, United States of America, made the spurious claim in an interview. The allegations he spewed in the interview are one of those desperate, but futile efforts to malign Aero Contractors and AMCON that is saddled with the difficult national assignment of recovering debts from stubborn, and recalcitrant obligors.”

“Reading deeper into the story, however, it is obvious that the so-called Engineer Femi Adeniji is out for vengeance having owned up in the same Daily Independent story that he and his partners had approached AMCON sometime in 2018 with a proposal to manage the airline but did not get the business.”

The company, however, lamented that this approach of trying to get back at AMCON for not getting a business is rather unfortunate, and unprofessional to say the least.

“The public should, therefore, disregard this deceptive news item, the basis of which is totally unknown to us, which is entirely created from the imagination of Adeniji”, the statement added.

Aero Contractors Company of Nigeria Limited, known as Aero Contractors, or simply Aero, is a state-controlled Nigerian airline company based at Murtala Muhammed International Airport in Ikeja, Lagos State, Nigeria.

The airline operates helicopter services and fixed-wing domestic and international scheduled passenger services, air charter, and third-party aircraft operations, largely in support of Nigeria’s extensive.

Having undergone a lot of metamorphosis and after some financial interventions, the Asset Management Corporation of Nigeria (AMCON), an arm of the Federal Government of Nigeria, held 60% of Aero, and in August 2013, AMCON took over the management of the carrier.

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