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.