N167bN Lagos-Ibadan Expressway: How FG ignored arbitration offer by Bi-Courtney

The ongoing rehabilitation of Lagos-Ibadan Expressway has been stalled because the Federal Government ignored offer of arbitration by Bi-Courtney Highway Services Limited.
These facts emerged yesterday following the controversy trailing the N167billion project including the ongoing court in case.
Findings revealed that Bi-Courtney Highway Services Limited had expressed its desire for arbitration in a January 29, 2013 letter to the immediate past Minister of Works, Arc. Mike Onolememen.
But barely three years after the company offered to settle out of court, the Federal Government was yet to respond.
The construction giant also went ahead to name a three-man team to represent it at the arbitration panel but the government has not provided its representatives.
Bi-Courtney letter, which was signed by Chief T.K. Akinbami, reads in part: “We refer to the letter dated 19th November 2012 wherein the concession granted to our Consortium vide your letter of 8th May 2009, was purportedly terminated pursuant to Article 16.1 of the Concession Agreement (“Agreement”) for failure to remedy the alleged breaches complained of in your letter dated 28th August, 2012.”