August 30, 2026
By Adesina Wahab
An activist, Rev. David Ugolor, has alleged that documents obtained from the Corporate Affairs Commission (CAC) show that the company handling the concession of the Benin-Asaba Expressway is owned by two individuals, a Nigerian and a Mauritanian national.
Ugolor said the Nigerian shareholder holds a 95 per cent stake in Benin-Asaba Expressway Concession Company (BAECC), while the Mauritanian national holds the remaining five per cent.
He disclosed this on Saturday night during a virtual meeting on the concession of the road organised by The Common Good Letter in collaboration with the Market Place of Ideas (MPOI).
