The federal government has approved a comprehensive settlement of a 20 year dispute with Bi-Courtney Aviation Services Limited over the Murtala Muhammed Airport Terminal Two in Lagos. As part of the settlement, regional flights have now been moved to MM2, allowing airlines to operate regional services from the facility. Festus Keyamo, Minister of Aviation and Aerospace Development, announced the development on Thursday after the FEC meeting chaired by President Bola Tinubu.
Keyamo said the agreement reached with Wale Babalakin, Bi-Courtney’s leader, resolves longstanding issues surrounding the concession of MM2 dating back to 2003. According to the minister, Bi-Courtney has agreed to waive a N132 billion Supreme Court judgment debt, return the adjacent MM1 domestic terminal to federal government control, and drop exclusivity clauses that had blocked projects such as the Lekki Airport. In return, the government has restored to the company the concession for a stalled hotel and conference centre project opposite MM2.
The minister stressed that the deal provides for the relocation of regional flight operations to MM2 and activates revenue sharing between the federal government and the concessionaire. Keyamo said the federal government will immediately begin earning its share from the operations of MM2. He gave Bi-Courtney 24 months to complete the conference centre and hotel, warning that the government will not tolerate further delays.
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Keyamo described the agreement as a give-and-take resolution that benefits both parties. The minister noted that a major point of contention was Bi-Courtney’s claim that the concession covered the adjacent domestic terminal, a position the Supreme Court had upheld.
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