Following a report by an online medium, Bi-courtney has reaffirmed that the organisation has a 36-year concession on MMA2.

A release signed by the Head of Communication Bi-Courtney Aviation Services Limited, Eniola Ade-Solanke, stated that the clear provisions of the concession agreement between Bi-Courtney and the government upholds the operation of the MMA2 terminal for an undisputed period of 36 years

Our attention has been drawn to an article published by an online medium alleging that MMA2’s term is 12 years and is about to expire.

“While we find this very surprising, we will like to set the records straight by stating that, Bi-Courtney Ltd. entered into a Concession Agreement with the Federal Republic of Nigeria, for the Build, Operate and Transfer of the MMA2 for 36 years.

“It is obvious that MMA2 is the most well designed and run terminal in the country operating on very limited revenue. It is a masterpiece in the provision of public infrastructure through private capital. “Whilst the writer of the article set out to mislead the public through very untruthful and malicious statements, the peddlers of this baseless story have refused to come to terms with the fact that MMA2 has thrived in the face of operational challenges battling the concession including FAAN’s flagrant breach of concession agreement.

“For the avoidance of doubt, the facts are stated as follows:

“The Federal Airport Authority of Nigeria (FAAN) offered Bi-Courtney a 36-year lease in a letter dated 12th of October 2006 and an agreement was duly signed on the 2nd of Feb 2007 by the Minister of Aviation.
The agreement was further confirmed at a meeting held on 7th of July 2009 chaired by the former President of the Federal Republic of Nigeria – His Excellency, Late Mallam Umaru Musa Yar’adua, GCFR, in attendance with the Honourable Minister of Aviation, Secretary General to the Federal Government, Attorney General of the Federation / Honourable Minister of Justice, Honourable Minister of Finance, MD/CEO of FAAN and the Chairman of Bi-Courtney amongst others.

“The clear provisions of the concession agreement between Bi-Courtney and the Government upholds the operation of the MMA2 terminal for an undisputed period of 36 years.

Source: https://www.vanguardngr.com/2019/03/bi-courtney-has-a-valid-36-year-concession-on-mma2/

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