Thursday 20 June 2013

Land Dispute: Lagos Court rules in favor of FAAN

Aviation Nigeria

A Federal High court in Lagos on Wednesday ruled in favor of the Federal Airports Authority of Nigeria(FAAN) in protracted dispute between the Authority and AIC Ltd owned by Chief Harry Akande.

The presiding Judge, Honourable Justice Buba 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.

Justice Baba also consolidated and set aside the three suits: 
1. SUIT NO FHC/L/906/2010 FAAN VS A.I.C. LTD

FAAN had earlier filed an application, challenging the ruling of the arbitrator that awarded AIC Ltd the sum of over 48 million dollars.

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.

The piece of land, located within the airport premises has been a cause of dispute between the Authority and AIC Ltd owned by Chief Harry Akande. Akande had in January invaded the premises, and force forcefully laid claim to the  parcel of land in question, after driving away some staff of the Federal Airports Authority Nigeria on duty at the site.

FAAN has said it has slated the site for the construction of a hotel complex at the Murtala Muhammed Airport Ikeja, following the judgement delivered by the Federal High Court in Lagos on June 19, 2013, in favour of FAAN.

Speaking on the judgement of the court, General Manager Corporate Communications, FAAN, Mr. Yakubu Dati stated that the judgement has made the plot available 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.


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