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› General News February 6, 2016
AMCON takes over Aero Contractors
The Asset Management Company of Nigeria (AMCON) has announced the dissolution of the Board of Aero Contractors and its appointment of a new manager to oversee the affairs of the airline.
AMCON said it has also engaged a reputable accounting firm to undertake a forensic audit of the airline's accounts over the last five years (as from 2011).
AMCON in a statement on Friday said it has become both the majority shareholder and creditor of Aero.