AIC obtains $48 million in compensation from the Federal Airports Authority of Nigeria

AIC obtains $48 million in compensation from the Federal Airports Authority of Nigeria

A London court has confirmed the amount awarded to the Nigerian development company, AIC Ltd, by a local court. But doubts persist as to the verdict’s enforceability, in a case that has been dragging on for more than 20 years.

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            ▪ AIC obtains $48 million in compensation from the Federal Airports Authority of Nigeria

▪ A London court has confirmed the amount awarded to the Nigerian development company, AIC Ltd, by a local court. But doubts persist as to the verdict’s enforceability, in a case that has been dragging on for more than 20 years.

https://www.jeuneafriquebusinessplus.com/en/806579/aic-obtains-48-million-in-compensation-from-the-federal-airports-authority-of-nigeria/

07/01/2021 at 17h53, by Tarik Bargal, updated 08/01/2021

Exasperated by the delays in judgements and executions in the Nigerian courts, the construction and development company, founded and managed by Harry Ayoade Akande, referred the dispute with the Federal Airports Authority of Nigeria (FAAN) to an English court. He eventually won the case.

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