Keyamo and Babalakin End 20-Year MMA2 Dispute

On October 20, 2026, Aviation Minister Festus Keyamo and lawyer and businessman Wale Babalakin signed a final settlement that concluded a nearly two-decade dispute regarding Murtala Muhammed Airport Terminal Two (MMA2) in Lagos. This terminal, built entirely with private funds, opened in May 2007 and handles about 75 percent of Lagos's domestic flights.

The Federal Executive Council approved the settlement, which resolves issues stemming from Bi-Courtney's claims against the government for unpaid concession fees and breach of contract. Under the agreement, Bi-Courtney will write off a N132 billion judgment for lost revenue, drop claims to the old terminal, and resume paying concession fees immediately.

The government will cancel two decades of unpaid fees, restore Bi-Courtney's hotel and conference center projects with a 24-month deadline, approve the relocation of regional flights to MMA2, and grant additional land for expansion. Key unresolved issues include the amount of fees canceled and the duration of the concession.