Flash: FAAN Reclaims Airport Land From Harry Akande

The Federal Airports Authority of Nigeria, FAAN, has reclaimed the airport land, in protracted dispute between the Authority and AIC Ltd owned by Chief Harry Akande, for the construction of a hotel complex at the Murtala Muhammed Airport Ikeja, following a judgement delivered by the Federal High Court in Lagos on June 19, 2013, in favour of FAAN.

The presiding Judge, Honourable Justice Buba, who consolidated three suits: SUIT NO FHC/L/906/2010 FAAN VS A.I.C. LTD, SUIT NO FHC/L/CS/1058/2010 A.I.C.LTD VS FAAN, AND SUIT NO FHC/L/CS/1239/2010 AIC LTD VS FAAN in his judgement, ruled that the Arbitral tribunal, which had awarded AIC Ltd the sum of $48, 124, 000, miss-conducted itself and went outside its jurisdiction in rendering the final award between the parties on June 1, 2010. He therefore declared that the final award null and void and thereby set it aside.

It will be recalled that AIC Limited had filed two suits on the matter, following the award of the arbitration, seeking first, an order to set aside the decision contained in part of the final arbitration award, asking that the same be remitted back to the arbitrator for reconsideration and secondly, that the arbitration be enforced. These two suits were set aside by Justice Buba in the said judgement made in favour of FAAN. FAAN had earlier filed an application, challenging the ruling of the arbitrator that awarded AIC Ltd the sum of over 48 million dollars.

Chief Harry Akande, owner of AIC Limited had in January this year invaded and forcefully took over the parcel of land in question with thugs, after driving away some staff of the Federal Airports Authority Nigeria on duty at the site.

By this judgement, the parcel of land in question has become free for massive infrastructural development at the Murtala Muhammed Airport, under the aerotropolis project, including an ultramodern hotel complex, a multi-storey car park and other related projects, designed to expand facilities at the airport.

– Yakubu Dati, General Manager, Corporate Communications, FAAN

– Report by Sola Rogers

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