FG, Bi-courtney sign final MMA2 settlement, end nearly 20-year dispute
…FAAN to resume concession revenue, while agreement clears way for hotel, conference centre completion The Federal Government and Bi-Courtney
The dispute between the Federal Government and Bi-Courtney Aviation Services traces back to the early 2000s, when the company was granted a concession to build and operate the Murtala Muhammed Airport Terminal 2 (MMA2) in Lagos under a build-operate-transfer arrangement. Over the years, the relationship was strained by disagreements over revenue sharing, alleged breaches of the concession agreement, and competing claims between Bi-Courtney and the Federal Airports Authority of Nigeria (FAAN), leading to protracted litigation that stalled further investment in the terminal and associated infrastructure, including a planned hotel and conference centre.
Both BusinessDay and Vanguard report that a final settlement has now been signed, ending the near two-decade standoff. The coverage agrees on the headline outcome — resolution of the dispute and resumption of concession revenue flows to FAAN — with BusinessDay adding that the deal also clears the way for completion of previously abandoned projects at the site. Neither outlet details the specific financial terms of the settlement, how outstanding revenue claims were resolved, or a timeline for the stalled hotel and conference centre works, leaving those aspects of the agreement yet to be reported.