FAAN to Collect Fees from MMA2 After 20-Year Dispute Resolution

The Federal Airports Authority of Nigeria (FAAN) will begin collecting concession fees from the Murtala Muhammed Airport Terminal Two (MMA2) in Lagos following a settlement reached between the federal government, Bi-Courtney Limited, and Stabilini Visinoni Limited, which resolves a dispute lasting nearly two decades. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the resolution on Tuesday, stating that FAAN had not received any concession fees from MMA2 for about 20 years due to the dispute.

The settlement framework was approved by the Federal Executive Council on April 30, 2026, under President Bola Tinubu's administration. Under the agreement, Bi-Courtney will waive its outstanding claims against the federal government, while the government and FAAN will relinquish specified historical claims against Bi-Courtney.

The arrangement also addresses the General Aviation Terminal and the incomplete hotel and conference centre projects near the airport. Keyamo urged Bi-Courtney chairman Wale Babalakin to ensure the completion of these projects to enhance the airport environment.