FG, BASL reach truce after 18-year concession dispute
The Federal Government and Bi-Courtney Aviation Services Limited (BASL) have reached an amicable settlement over the The post FG, BASL reach truce after 18-year concession dispute appeared first on Tribune Online.
The dispute between the Federal Government and Bi-Courtney Aviation Services Limited (BASL) dates back to the early 2000s, when the company was awarded the concession to build and operate the MMA2 terminal at Murtala Muhammed Airport, Lagos, under a build-operate-transfer arrangement. Disagreements over the terms of the concession, including the scope of BASL's exclusivity and the government's subsequent moves to develop competing terminals, dragged both parties through protracted negotiations and litigation for close to two decades, making it one of the longest-running commercial disputes involving Nigeria's aviation sector.
The standoff has long been cited as a cautionary tale for private investors considering public-private partnerships in Nigerian infrastructure, given the uncertainty it created around contract enforcement and regulatory consistency. Both outlets confirm that an amicable settlement has now been reached, but neither report provides details on the specific terms of the truce, such as compensation, revised concession conditions, or the future operational status of MMA2 under the new arrangement.