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MMA2: AMCON, FG should pay us N132bn damage -Bi-Courtney

BASL owned and operate Murtala Mohammed Airport 2 (MMA2), the facility AMCON sought to confiscate, claiming that Bi-Courtney owed it about N50 billion.The company’s lawyer,…

BASL owned and operate Murtala Mohammed Airport 2 (MMA2), the facility AMCON sought to confiscate, claiming that Bi-Courtney owed it about N50 billion.
The company’s lawyer, Barrister Tola Oshobi, said Bi-Courtney was unable to service the debts because the federal government breached the concession agreement they had entered into, making it lose significant amount of revenue.
Contrary to claims made by the Asset Management Corporation of Nigeria (AMCON) that BASL owed it N50 billion, Oshobi said it was AMCON and the federal government that were indebted to it to the sum of N132 billion.
Adebisi Awoniyi, the Chief Operating Officer, BASL, in Lagos, Monday, spoke at a press briefing to counter claims made by AMCON that it has taken over Murtala Mohammed Airport 2.
A Federal High Court in Lagos had appointed Asset Management Corporation of Nigeria (AMCON) receiver manager of the assets of Bi-Courtney Limited, owned by Mr Wale Babalakin, SAN.
AMCON, through its counsel, Mr. Olisa Agbakoba, (SAN), had applied to the court for orders of possession and receivership over the asset as a result of the failure of the company to pay a cumulative debt of about N50 billion owed to AMCON.
But in a swift reply, Bi-Courtney said it approached the court and the court on Monday decided that Mr. Olisa Agbakoba (SAN) is not a receiver of MMA2 or Bi-Courtney or any other company related to Bi-Courtney.

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