Federal Government and Bi-Courtney Resolve MM2 Dispute

The Federal Government and Bi-Courtney Limited have officially concluded their nearly 20-year dispute regarding the Murtala Muhammed Airport Terminal Two (MM2) in Lagos. The settlement agreements, signed on October 20, 2026, involve the Federal Government, the Federal Airports Authority of Nigeria (FAAN), Bi-Courtney Limited, and Stabilini Visinoni Limited.

This resolution follows the Federal Executive Council's approval on April 30, 2026, for a negotiated settlement to address longstanding legal disputes, including claims that reached the Supreme Court. Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, noted that negotiations began under President Bola Tinubu's directive approximately two years ago, culminating in an agreement that allows the government to receive revenue from MM2 for the first time in nearly two decades.

The settlement also permits regional flight operations at MM2 and includes provisions for outstanding financial obligations, operational rights, airport expansion, and the completion of an uncompleted hotel and conference center project.