FG, Bi-Courtney Resolved 20 Years MM2 Dispute

The 20-year MM2 dispute was resolved today via a negotiated settlement approved by the Federal Executive Council.

Bi-Courtney wrote off the N132bn Supreme Court judgment debt, dropped the exclusivity clause, and handed MM1 back to FG.

In exchange, FG returned the hotel/conference centre project (to complete & operate on shared basis), will shift regional flights to MM2 (with apron expansion if needed), and immediately starts earning revenue share.

The wim-win deal also unlocks MMA2’s full potential, clears the path for Lekki Airport, and includes plans for a private-sector-driven aircraft leasing company to support Nigerian airlines.

Kudos To the honourable Minister of Aviation and Aerospace, notably, Minister Festus Keyamo and Wale Babalakin, both SANs and members of the Inner Bar, played a key role, leveraging their relationship to reach this breakthrough.