Home BUSINESS AVIATION FAAN Is Owing Us N200 Billion – Bi-Courtney Aviation

FAAN Is Owing Us N200 Billion – Bi-Courtney Aviation

Murtala Muhahammed Airport, Lagos

Bi-Courtney Aviation Services Limited (BASL), operator of Murtala Muhammed Airport, Lagos Terminal Two (MMA2) has said that the Federal Airports Authority of Nigeria (FAAN) is indebted to it to the tune of N200 Billion.

Reacting to FAAN claim that the company is indebted to it, the company’s Spokesman, Mikail Mumuni said in a statement on Thursday night, he said “ On the contrary, it is FAAN that owes Bi-Courtney over N200 billion by depriving it of its legitimate earnings over the past 14 years.”

He said that by FAAN opening and operating the General Aviation Terminal (GAT), it entered into competition with BASL using government money in the running of the Domestic Terminal in a flagrant breach of the concession agreement.

“BASL in line with the dispute resolution process contained in the agreement had an arbitration award in its favour. It also got the judgement of a High Court, six Court of Appeal judgements and a Supreme Court judgement, all in its favour and sustained the monetary award.”

Mumuni stressed that the courts ruled that any debt that may be alleged against BASL by FAAN should be deducted from the credit judgement after due verification.

“The N14 billion debt mentioned by the Minister is totally inconsistent with the demand by FAAN,the body which has been liaising with BASL. Their last demand was about N1bn which was promptly responded to by BASL stating categorically that there was no such debt.

“We believe that Minister was not properly briefed by FAAN as we also pay our electricity bills as and when due. We equally provide elaborate security at the Terminal which has continued to attract commendation from stakeholders.”

He said that BASL is a law abiding company and will continue to obey the laws of the land while providing exceptional services at its facilities.

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