Bi-Courtney Aviation Services Ltd (BASL), has again reminded the public that it has valid 36-year concession of the Murtala Muhammed Air Port Terminal two (MMA2), in Lagos State. On a sad not, company disclosed that it lost N250 billion to the fact the Federal Airports Authority of Nigeria (FAAN) has no kept to part of the concession agreement.
Eniola Ade-Solanke, the company company’s image maker described as false, some reports in the media saying the term is about to expire. The company insisted that it entered into a 36-year agreement with the Federal government and nothing has changed the term since then. She said, “While we find this very surprising, we will like to set the records straight by stating that, Bi-Courtney Limited 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. MMA2 has thrived in the face of operational challenges battling the concession including FAAN’s flagrant breach of concession agreement.”
According to her, the FAAN offered Bi-Courtney a 36-year lease in a letter dated October 12, 2006 and an agreement was duly signed on February 2, 2007 by the then Minister of Aviation. The agreement was further confirmed at a meeting held on July 7, 2009 chaired by the former President of the Federal Republic of Nigeria – His Excellency, Late Mallam Umaru Musa Yar’adua, GCFR, in attendance were 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.
In her summation 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. While alleging that since inception, FAAN has not complied with the agreement to handover the GAT, which is a property of Bi-Courtney, she said FAAN through its actions has consistently breached its obligations in the concession agreement and has caused Bi-Courtney a loss of over N250b.