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Nigeria: Lagos Trade fair complex not for sale

Mar 20, 2019
Amidst fears that the Lagos International Trade Fair Complex might be up for sale, the Federal Government has denied such plans.
The government through its privatisation agency, Bureau of Public Enterprises (BPE) said it has only consulted transaction adviser for the concessioning of the complex.
This claims were made in a statement released on Tuesday by the Head of Public Communications of BPE, Amina Othman.
Othman ssid, “For the avoidance of doubt, the bureau states that the Federal Government of Nigeria through the BPE does not intend to sell the complex rather the facility would be concessioned through a competitive transaction process.
“It is for this reason that the government has procured the services of Messrs Feedback Infrastructure Services to advise on the way forward for the proposed concession.
‘’It is apt to inform the public that the bureau on Friday, March 1, 2019, met with the entire Traders’ Associations to explain the essence of the planned concession.”
He added that the bureau had stated in a publication on national dailies on August 23, 2017 that the lease of the property to Aulic Nigeria Limited had been terminated and the Federal government had since gained full possession since the said date.
He recalled, “Members of the public were, therefore, warned that ‘any purported allotment, buying, selling, letting, leasing, charging, and subdivision, construction upon or dealings in connection with the said property and parcels of land in any other manner howsoever without the written permission of the FGN represented by the BPE is unlawful, illegal, fraudulent and amounts to trespass.
“It further warned that any person(s) interfering with the said parcels of land ‘stand to lose their money as the FGN through the BPE will neither honour agreements, contracts nor arrangements entered into with person(s) purporting to have authority to transact the property and or parcels of land whether in the manner described or in any other manner whatsoever nor will it reimburse any monies paid in respect of such transaction”, he submitted.
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