In a visit to the site, Mr. Chidi Izuwah said that, so far, the contractors have invested over $150 million collected from equity on the project but the sponsors have not attained financial closure
The Acting Director-General, Infrastructure Concession Regulatory Commission, Mr. Chidi Izuwah, and the Managing Director, Nigeria Sovereign Wealth Investment Authority, Mr. Uche Orji, have said that...
Read moreThe Infrastructure Concession Regulatory Commission (ICRC) said that it will deploy everything within its ability to ensure the concession dispute between the Federal Airports Authority of Nigeria (FAAN) and Bi-Courtney Aviation Services is resolved. Chidi Izuwah, Acting Director General of the ICRC, said he was aware of the challenges between the both parties adding that “We want to listen to both parties as an independent regulator, we want to physically access the situation and challenges on ground in order to better appreciate the positions by FAAN and Bi-Courtney and thereafter suggest possible line of action in resolving these issues”