19 November 2012

Nigeria: FG Terminates Bi-Courtney's Concession of Lagos-Ibadan Expressway

Photo: Leadership
Lokoja-Abuja Road Project.

Barely 24 hours after President Goodluck Jonathan expressed dissatisfaction with the way Bi-Courtney was handling the execution of the Lagos-Ibadan Expressway, the federal government Monday evening revoked the N10. billion contract earlier granted to the consortium

Arch. Mike Onolememen, the minister of works in a four paragraph statement read to State House correspondents at the Presidential Villa Monday evening said the termination is as a result of 'serial breaching' by the firm.

Sunday night, President Jonathan had told a panel of journalists during a media chat that the apex government would soon take a definite decision on the concessionary agreement with the firm, suggesting that there were signs that the concessionaire was not capable of handling the project, noting that the road being the busiest in the country, he could not continue to allow Nigerians to suffer.

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