FG Terminates Contract With Bi-Courtney Over Lagos-Ibadan Expressway Concession

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Ardent Reader, News Freak, Socio-Political Commentator, Archaeologist & Pro-Democrat.

The Federal government Monday terminated the concession agreement it had with Bi-Courtney Consortium over the Lagos-Ibadan Express way more than three years after it was awarded.

Google Image Of Lagos-Ibadan Expressway

In its place, the federal government has engaged the services of construction giants, Julius Berger Nigeria Plc and RCC Nigeria Ltd to carry out emergency reconstruction of the road.

This announcement was made by Minister of Works, Arc. Mike Onolememen who said that adequate measures were taken to ensure that the federal government abided by all its contractual obligations.

However the termination became necessary according to him because of the “serial breaches of the concession agreement by Bi-Courtney Consortium and especially the failure of the company to reach financial close as provided for in the agreement”.

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3 COMMENTS

  1. When are we going to grow matured.We can’t decide who handles to job.Though I still have faith in my dear country.I think Nigeria is big enough to own a countruction company that can handle this task.

  2. Why did it take govt 3yrs to terminate d contract.if y’aradua is alive today dat particular rd could hv being near completion becos he started it all.jonathan govt want to reap where they not sow.am sorry for nigeria.

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