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Home / Tag Archives: Airport Concession: Former FAAN MDs; Directors tell Reps Nigeria risks invocation of Mezzanine Clause

Tag Archives: Airport Concession: Former FAAN MDs; Directors tell Reps Nigeria risks invocation of Mezzanine Clause

Airport Concession: Former FAAN MDs, Directors tell Reps Nigeria risks invocation of Mezzanine Clause

A group of former Managing Directors and Directors of Federal Airports Authority of Nigeria (FAAN) have identified the Mezzanine Clause in all Chinese sponsored infrastructures stating that any contravention of Agreement with China on the $500m loan for the construction of the new terminal building may lead to the invocation of the clause. The Mezzanine clause in all Chinese sponsored …

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