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Tag Archives: Airport concession

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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Airports Concession: Reps’ say financial adviser, PDT fall below expectations

AFTER listening to the Minister of Aviation, Senator Hadi Sirika deliver his concession strategy, the House Committee on Aviation led by Honourable Nnolim Nnaji has resolved to set up subcommittee to review the reports of the financial adviser, (FAD) and the project delivery team, (PDT) both of which fell below expectations. The subcommittee is to interface with the Ministry of …

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