FAAN Begins Earning MMA2 Revenue as 20-Year Dispute with Bi‑Courtney Ends
FAAN has started collecting concession fees from Murtala Muhammed Airport Terminal Two (MMA2) after a 20‑year dispute with Bi‑Courtney Aviation Services Limited was settled
In Brief
- •FAAN has started collecting concession fees from Murtala Muhammed Airport Terminal Two (MMA2) after a 20‑year dispute with Bi‑Courtney Aviation Services Limited was settled
- •The settlement was approved by the Federal Executive Council on 30 April 2026 and formalised on 21 October 2026
- •Bi‑Courtney agreed to waive outstanding claims against the government, while the government and FAAN relinquished historical claims, including accumulated concession fees
- •The agreement clarifies ownership of the General Aviation Terminal (GAT) and allows Bi‑Courtney to expand its apron for regional flights
- •Separate lease arrangements for a four‑star hotel and conference centre near the airport will be restored
Why It Matters
The settlement restores revenue streams for the Federal Airports Authority of Nigeria (FAAN) and clarifies contractual obligations for the Murtala Muhammed Airport Terminal Two (MMA2), a key domestic hub in Lagos. By resolving long‑standing financial disputes, the agreement paves the way for renewed investment and operational certainty, potentially boosting passenger capacity and regional connectivity. The agreement also addresses the status of the General Aviation Terminal and ancillary facilities, which could enhance the airport’s service offerings and generate additional income through hotel and conference centre leases.
Key Details
- Dispute Duration
- 20 years
- Settlement Approval Date
- 30 April 2026
- Formalisation Date
- 21 October 2026
- Concession Fee Resumption
- Yes
- Bi‑Courtney Claim Waiver
- Outstanding claims waived
- GAT Ownership
- Federal Government property, operated by FAAN
Context & Background
The dispute stemmed from a 2003 concession agreement that was extended to 36 years, leading to multiple court cases over financial claims and operational responsibilities.
Original Reporting & Sources
VNews is an independent briefing product. Original reporting remains credited to the following publishers:
This brief was synthesized automatically using attributed third-party reporting. VNews is a digital news publication produced under the VContent Group brand and operated by Francis Vincent Sunday in Ghana, independent from the publishers cited above. Read our AI Transparency Policy and Editorial & Corrections Policy.