Kemi Olaitan in Ibadan
The construction firm handling the Ibadan Circular road, ENL Consortium Limited, has kicked against the termination of the contract by Governor Seyi Makinde.
He alleged that the refusal of the state government to write the letter of continuity to its foreign lender would cost the state N10.6 billion as compensation to it.
Makinde had terminated the contract which was awarded to the firm in 2017, for an alleged delay in delivering the road.
But the Chairman of the firm, Prince Adesuyi Haastrup, while speaking with journalists in Ibadan, put the total liability to the state government at N10.6 billion, warning that the government must pay the liability to avoid being dragged before a London arbitration court.