FG revokes Lagos-Ibadan expressway concession contract with Bi-Courtney

The Federal Government has finally revoked the failed Lagos-Ibadan Expressway Bi-Courtney contract.

The Minister of Works, Mike Onolememen, announced the decision on Monday. He said the revocation was informed by Bi-Courtney’s repeated violation the terms of the agreement.

The consortium, owned by lawyer and businessman, Wale Babalakin, failed to fix the road and reap its returns since securing the contract in 2009, despite the route’s notorious record as the nation’s most deadly with highest annual accident rates.

Bi-Courtney has repeatedly claimed it broke no rules and was always on the cusp of rounding up the job.

President Goodluck Jonathan had, during the Presidential Media Chat on Sunday, hinted that the concession agreement would be terminated.

Mr. Onolememen said the concession will no longer hold while construction firms, Julius Berger, and RCC, have been mandated to fix the road on the conventional paid contract basis.