Nigeria: AMCON Appeals Order Discharging Takeover of Bi-Courtney's Assets

1 October 2014

The Asset Management Corporation of Nigeria (AMCON) has appealed an order of the Federal High Court in Lagos discharging an earlier order empowering the agency to takeover the assets of Bi-Courtney Group, the concessionaire of Terminal 2 of the Murtala Muhammad Airport, Lagos.

Justice Ibrahim Buba, had in a ruling on Monday, vacated an order made by Justice Okon Abang, empowering AMCON to takeover the assets of Bi-Courtney Group over an agreed N50 billion debt.

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