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FAAN Moves to Settle Rift With Promoworld.
(From This Day (Nigeria) - AAGM)
The Federal Airports Authority of Nigeria (FAAN) has initiated moves to resolve a legal tussle in which it found itself after illegally terminating N900million airport advertising concession agreement signed with Promoworld Limited.
In a letter dated December 18, 2003, ref no FAAN/12A/01088 to Promoworld's solicitors, Falana & Falana Chambers, titled Re: Illegal Termination of Concession Agreement: Appointment of Arbitrator, FAAN wrote: "We refer to your letter dated November 24, 2003 in respect of the above subject matter. We hereby inform you that the Federal Airports Authority of Nigeria (FAAN) has appointed Honourable …
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