Lagos-Ibadan Expressway concession stops by Court

Federal High Court in Lagos has set aside a fresh Concession Agreement on the Lagos-Ibadan Expressway reconstruction project.

While delivering his ruling in a suit filed by Bi-Courtney Highway Services Limited against the Attorney-General of the Federation, the Federal Ministry of Works, the Infrastructure Concession Regulatory Commission (ICRC), the Infrastructure Bank Plc and Motorway Assets Limited (MAL) on Friday, the court granted a mandatory injunction on the fresh concession agreement signed on January 16.

Among the prayers sought by Bi-Courtney in Suit No. FHC/L/CS/727/2015 was an Order of Mandatory Injunction setting aside the Concession Agreement granted MAL, over the Lagos-Ibadan Expressway in the form of a Finance, Operate and Transfer arrangement involving the Federal Authorities. The Court held that the grant of the Concession to MAL in the circumstances of the case was a flagrant disregard of the established principles of law.

Just before delivering the ruling, the defendants sought to prevent the court by filing an application. The court refused and granted “an order of mandatory injunction… setting aside the Concession Agreement dated 16th January 2015 between the 1st, 2nd and the 5th Defendants/Respondents, which purports to grant a concession over the Lagos-Ibadan Expressway in the form of a Finance, Operate and Transfer arrangement to the 5th Defendant.”

Source : THE NATION

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