The Bureau of Public Enterprises (BPE) has said that that the Lagos International Trade Fair Complex (LITFC) is not for sale.
This is even as it debunked the alleged closure of the complex by the traders’ associations.
The Bureau states that the Federal Government of Nigeria through the Bureau of Public Enterprises (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.
The Bureau had on August 23, 2017, placed a Caveat Emptor in some national newspapers in the country wherein, it stated that the lease agreement that was hitherto executed by the FGN in favour of Aulic Nigeria Limited had been validly terminated and possession reverted to the FGN with effect from 23rd day of August 2017.)
The BPE 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”.
