Aero Contractors is Dying : Sacks 95% of its workers

It has emerged that troubled airline Aero Contractors, which suspended all of its flights last week, may be in deeper trouble than was previously revealed to the public, SaharaReporters investigations show.

Those cancellations stemmed from a dispute with workers at the airline regarding operation and pay.

Over the weekend, about 95% of the company’s workers confirmed that they received emergency sack letters from the management, and they today began a labour protest over their sacking.

Some of the staff members who spoke anonymously with SaharaReporters said the decline of the troubled airline started a while ago when convicted rogue banker, Mrs. Cecilia Ibru came into Aero at the time she held sway at Oceanic Bank and was one of the most powerful figures in the economy.
It would appear that in her bid to seize full control of Aero and to use it as a tool to engage in money laundering from Oceanic Bank, Mrs. Ibru's actions put her at loggerheads with the majority shareholder and technical partner at Canadian Helicopters (CHC).

After a series of misunderstandings and in attempt to avoid involvement in shady business deals, CHC withdrew from Aero Contractors, leaving Mrs. Ibru with her desire: complete control of the airline and the opportunity to deploy it effectively as a conduit from money laundering.  Perhaps as a result, several of the so-called investments Mrs. Ibru brought into Aero remain undocumented. 

In essence, financial officers say, some of those investments only existed on paper, plunging Aero into debts from which it never recovered. 
By the time Mrs. Ibru was convicted of bank fraud and money laundering by the Economic and Financial Crimes Commission (EFCC), she completely owned Aero Contractors.  Curiously however, the EFCC did not list Aero Contractors as one of the assets to be confiscated by the agency, although the commission claimed to have retrieved assets that were stolen by Mrs. Ibru.

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