Wednesday, October 17, 2018

Tag "Bi-Courtney"

    Court orders AMCON to pay Babalakin N3bn for branding him a debtor

Court orders AMCON to pay Babalakin N3bn for branding him a debtor

The federal high court sitting in Lagos has ordered the Assets Management Corporation of Nigeria (AMCON) to pay Bolanle Babalakin, chairman of Bi-Courtney Group of Companies, N3 billion for publishing his name as a debtor.In 2016, AMCON published the names of 217 people who it tagged its chronic debtors.In the case, FHC/L/CS/1296/2012, Ibrahim Buba, a justice of the court who [...]

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    We are not indebted to FAAN, says Bi-Courtney

We are not indebted to FAAN, says Bi-Courtney

Bi-Courtney Aviation Services Limited (BASL), operator of the Murtala Muhammed Airport two (MMA2), says it is not indebted to the Federal Airports Authority of Nigeria (FAAN).The company said this in reaction to the claim that it is owing the agency N2 billion.The National Union of Air Transport Employees (NUATE), Air Transport Senior Staff Association of Nigeria (ATSSAN) and the National [...]

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    Non-academic unions ready to dialogue with Babalakin’s committee

Non-academic unions ready to dialogue with Babalakin’s committee

The Non-Academic unions of Nigerian universities says they are ready to dialogue with the federal government’s team led by Wale Babalakin, chairman of the Bi-Courtney Group.The unions made this known in a letter addressed to Babalakin.It was jointly signed by Sani Suleiman (president, NAAT), Peters Adeyemi (general-secretary, NASU) and Samson C. Ugwoke (president, SSANU).“We write to commend and congratulate you [...]

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    Babalakin: There’s need for critical review in the judiciary

Babalakin: There’s need for critical review in the judiciary

Wale Babalakin, chairman of the Bi-Courtney Group of Companies, has called for a critical and urgent review of the nation’s judiciary.Speaking on Thursday at the ongoing 2016 law week of the Lagos branch of the Nigerian Bar Association (NBA), the senior lawyer said: “Where we are now is a melancholic decadence of a great institution.”He recalled that the chief Justice [...]

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    Lagos-Ibadan Road: The way out

Lagos-Ibadan Road: The way out

BY OLUYEMI OLAGOKUNThat the Lagos-Ibadan Expressway has been so mired in controversy of high magnitude, attracting so many interests, is because of its significance to the socio-economic life of the entire country. Incidentally, it is the only major artery to Lagos, handling more than 90 per cent of the entire human and vehicular traffic to the commercial capital of Nigeria.It [...]

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    We are not indebted to AMCON, says Bi-Courtney

We are not indebted to AMCON, says Bi-Courtney

The Bi-Courtney Group has faulted its listing on the Debtors’ List of the Asset Management Corporation of Nigeria (AMCON).Tolu Oshobi, partner at Babalakin & Co Legal Practitioners, debunked the claim, describing it as “an act of extreme bad faith”.Oshobi said the federal government was owing Bi-Courtney to the tune of N132 billion, and demanded that the alleged debt be settled [...]

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    Babalakin: We lost N80bn to government’s dishonesty

Babalakin: We lost N80bn to government’s dishonesty

Wale Babalakin, chief executive officer of Resort International Ltd, the company that won the concessional rights to the federal secretariat project conversion, says his company lost N80bn to government’s inability to keep its word.Speaking at the infrastructure policy commission of the Nigeria Economic Summit Group (NESG) moderated by Philips Oduoza, the managing director of UBA, Babalakin lamented what he called [...]

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Exchange Rates

October 15, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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