Business AMCON Takes Over Aero Contractors

[abujagirl]

The Asset Management Company of Nigeria (AMCON) has taken over the management of Aero Contractors.



In a statement to TheCable on Friday, AMCON said, the takeover was in furtherance of its statutory responsibility of acquiring Eligible Bank Assets and putting them to economic use in a profitable manner.

''An industry-based management team will be put in place to provide the highest level of professional competence which would ensure a quick re-positioning of the company. The management of AMCON decided to make changes in the management of the airline to protect the brand heritage of the airline, a very well cherished value.

“AMCON also maintains that its intervention is in the public interest to sustain and improve the robust and premium quality service which Aero is known for in the country.”

AMCON currently owns 60% of the company, with the remaining 40% held by the Ibru family.

 

[stato]

AMCON - saving the wealth of Nigeria's rich for over 5 years. What next? [USERGROUP=15]@News Hub Team[/USERGROUP] [USERGROUP=16]@Panel[/USERGROUP]

 

[abujagirl]

AMCON - saving the wealth of Nigeria's rich for over 5 years. What next? [USERGROUP=15]@News Hub Team[/USERGROUP] [USERGROUP=16]@Panel[/USERGROUP]

do you mind explaining?

 

[mrsam]

Nice development.

 

[stato]

do you mind explaining?

Well, if you are a wealthy individual lucky enough to get a bank loan, maybe from your own bank, and then run the business to the ground by mismanagement or simply dipping your hands in the box, AMCON comes along and gives you a slap on the wrist. Not everyone is so lucky. Have a look at the list of companies AMCON has taken over and match that with the lifestyles of the directors of those companies!!