FAAN–Bi-Courtney Truce: Turning Peace into Profit
After nearly two decades of litigation and stalled investment, the FAAN–Bi-Courtney truce promises revenue, jobs and airport expansion. Festus Akanbi examines whether this hard-won peace can deliver lasting gains For years, the
The FAAN–Bi-Courtney truce, signed on October 20, 2026, aims to transform a long-standing legal dispute into a mutually beneficial partnership, promising increased revenue, job creation, and airport expansion. The agreement, approved by the Federal Executive Council on April 30, 2026, addresses longstanding issues involving the Federal Airports Authority of Nigeria (FAAN), Bi-Courtney, and Stabilini Visinoni.
Key aspects of the truce include the reopening of FAAN's concession revenue stream through MMA2 payments and the write-off of a N132 billion debt by Bi-Courtney. While the financial impact remains unquantified, the settlement signifies a shift from courtroom disputes to a more productive commercial relationship.
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