More troubles for Bi-Courtney as sister company may lose N4.8bn road contract in Ondo

Less than 24 hours after it lost the multi-billion dollars concession agreement for the Lagos-Ibadan Expressway, a company believed to be linked to Bi-Courtney may lose another multi-billion naira contract; this time in Ondo State.
The Ondo State Government announced on Tuesday that it would terminate the contractual agreement between it and Homan Engineering Limited, believed to be owned by Wale Babalakin, the head of the Bi-Courtney Consortium, within the next two-weeks if the company does not fully mobilise staff and equipment to site.
The Commissioner for Works, Gboye Adegbenro, said this when he led senior officials of his ministry and journalists on an inspection tour of some road projects in the state, including the Akure-Oba-Ile-Airport road being done by the company.
Mr. Adegbenro said Homan Engineering Limited has “performed below expectation.”
The firm had also lost a major road contract it was handling for the state government in Ondo town barely 3 months ago. Mr. Adegbenro noted that the state government decided to sack the firm from the Ondo township road dualisation project as it is glaring that it had no capacity to deliver.