LISTED International Container Terminal Services Inc. (ICTSI) said on Thursday that its subsidiary in Nigeria has mutually terminated a sub-concession agreement with Lekki Port LFTZ Enterprise (LPLE) after delays in the execution of the Lekki Port Project.

Lekki International Container Terminal Services LFTZ Enterprise (LICTSE), ICTSI’s subsidiary in Nigeria, was granted an exclusive right to develop and operate, and to provide handling equipment and container terminal services at the container terminal within Lekki Port located in Ibeju Lekki, Lagos State, Federal Republic of Nigeria for a period of 21 years.