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FG moves to review concession deals

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By Daniel Idonor
ABUJA—VICE President Namadi Sambo, Wednesday, ordered the immediate review of all concession agreements between the Bureau for Public Enterprises, BPE, and various concessionaires to ensure strict compliance with the terms and conditions contained in such agreements.

Sambo said this during a meeting with stakeholders he convened to address issues arising from non-remittance of payments by the concessionaires of the Tafawa Balewa Square, TBS, and the Lagos International Trade Fair.

This followed complaints by the Management of TBS and the Lagos International Trade Fair that the concessionaires were receiving rental without remittance, and large sums of money outstanding.

There were also com-plaints of non-compliance with sections of the conce-ssion agreement which provides that the concessio-naires would provide a comprehensive develop-ment plan, security, technical personnel and construct boreholes.

Towards an amicable resolution of the matter, the Vice President constituted a committee to be chaired by Minister of State for Trade & Investment, Mr. Samuel Ortom. Members of the committee are: Infrastructure Concession and Regulatory Commission, ICRC, Contract Compliance Centre, legal advisers to the Tafawa Balewa Square, Bureau for Public Enterprises, Ministry of Trade and Investment, as well as the Special Adviser Legal (Office of the Vice President).

They were charged with the responsibility of reviewing the claims in line with the concession agreements and come with necessary recommendations for further action. The committee has three weeks to submit its report.

Earlier, Ortom briefed the Vice President on the complaints brought up by management of the TBS and Lagos International Trade Fair over non-compliance by the concessionaires with the terms and conditions of the concession agreement as well as defaults in proper execution.

Also present at the meeting were the Director-General of BPE, Bolanle Onagoruwa, as well as representatives of the management of TBS, Lagos International Trade Fair and the Infrastructure Concession and Regulatory Commission, and other stakeholders.

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