Stabilini Visinoni delivers on NBA ‘Lagos house’

The Nigerian Bar Association (NBA) last week unveiled its ‘LAGOS HOUSE’ at a commissioning ceremony attended by the outgoing President, Okey Wali, SAN, the incoming president, Augustine Alegeh, SAN, several other members of the National Executive of the association and the Managing Partner, Babalakin & Co., Dr Wale Babalakin, whose company – Stabilini Visinoni Limited, (A part of the BiCourtney Group) handled the construction project, based on a Build Operate and Transfer (BOT) agreement.

Speaking at the commissioning, Okey Wali informed guests that the building was the second phase of the construction of NBA House in Lagos -the first according to him, is within the same vicinity and currently occupied by Diamond bank Plc.

“That this building is standing tall on this land today is a testament to the power of partnership between the Nigerian Bar Association and the Council of Legal Education. After the Council of Legal Education secured this large expanse of land from the Federal Government, it allocated this part of the land to the Nigerian Bar Association to build our National Secretariat in recognition of our partnership in the administration of justice,” Wali announced.

“I must thank our colleague, Dr Babalakin, for what he has done in putting this up in collaboration with the NBA. The terms are clear. I thank Wale for the industry he has put into this,” he said.

The six-storey fully serviced building, situated in the heart of Victoria Island, achieved through a partnership with Stabilini Visinoni Limited, based on a Build, Operate and Transfer (BOT) agreement, was conceived to help NBA develop the prime land that had laid bare for a long time and to also enhance the revenue base of the association.

According to the outgoing President, the agreement ensures that a yearly rent accruable from the one floors of the building will be paid continuously to the Nigerian Bar Association until the expiration of the BOT agreement.

“I cannot but thank the Almighty God for making it possible for this building to be commissioned under my leadership. It is also our fervent hope and prayer that within the life and time of the next administration of the NBA (2014-2016), we would be invited to commission the NBA House currently under construction in Abuja,” the outgoing president said in closing.