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Nairaland Forum / Nairaland / General / Politics / Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion (2469 Views)
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Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by anonimi: 6:16am On Sep 04, 2013 |
Fascist Fashola doing what he has done best these past six years- revenue generation from the pockets, handbags, wallets and bags of RESIDENTS of Lagos state- for his own personal account. Meanwhile BASIC services of: - free and COMPULSORY education for ALL children in Lagos - feeder roads - potable water - free quality PRIMARY health care are neglected by the "excellent progressive" governor leading to increased menace of area boys in his state!!! 5 Likes |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by AkamuandStew: 6:20am On Sep 04, 2013 |
First of all I remain yours sincerely, Festus the Corementio Back to the matter... This is an Empty article.... Only two "Beer Parlour Economists" were interviewed and all they could do was speculate and say a lot of beautiful nonsense. The article is empty, devoid of facts and a calculated attempt to bring down The Most Capable Administrator South of the Sahara. This is Chief Akamu and Stew... I have Spoken!! Eko Oni Baje oooo... 3 Likes
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Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by AkamuandStew: 6:29am On Sep 04, 2013 |
Repeat after me; Eko Oni Baje oooo |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by AkamuandStew: 6:30am On Sep 04, 2013 |
Before I exit this thread.. One last comment... It isn't easy to carry 1st, 2nd and 3rd position in this kind of competition.. 1 Like |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 8:58am On Sep 04, 2013 |
Smoothest FRAUD in this country's history. Period.... A road that is suppossed to cost #50bn (already abnormally costly at #1bn per km, sm would say) to be constructed by d Concessionaires who are then expected to recoup their costs AFTER they must have finished construction tru tolling. After 7 years the road is no where near completion, yet d Concessionaires started collecting tolls illegally in d last 3 years. Suddenly, in stead of d LASG terminating d contract Or, at least pressuring d Concessionaire to implement their own terms of d contract, the Govt is amazingly paying them #15bn to 'buy back' this failed Concession, #6.8bn and #3.5bn to pay the Debts and 3rd party liabilities incurred by the failed Concessionaire (yes, LASG is willing to even pay these people's debt!!!) ie more than #25bn in total. This is apart from d #5bn the Govt initiali paid to d Concessionaires at d start of d scheme. LASG also intends borrowing #87.7bn from raising a bond to then build d road itself . That is more than #103bn in total. This is from a project that was suppossed to cost #50bn!!! And to make d whole mata worse, d LASG wud still retain this same failed Concessaire, and apparently STILL PAY THEM either to collect tolls on d road or continuing building d road!!!...... THE QUESTION IS: WHO IS BEHIND THIS LCC CONCESSIONAIRE?? Who is chopping these humongous money from Lagos State Tax payers, with impunity? And why the UNIMAGINABLE Hypocritical SILENCE from peeps? 4 Likes |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 8:58am On Sep 04, 2013 |
Smoothest FRAUD in this country's history. Period.... A road that is suppossed to cost #50bn (already abnormally costly at #1bn per km, sm would say) to be constructed by d Concessionaires who are then expected to recoup their costs AFTER they must have finished construction tru tolling. After 7 years the road is no where near completion, yet d Concessionaires started collecting tolls illegally in d last 3 years. Suddenly, in stead of d LASG to terminate d contract or pressure d Concessionaire, the Govt is paying them #15bn to 'buy back' this failed Concession, #6.8bn and #3.5bn to pay the Debts and 3rd party liabilities incurred by the failed Concessionaire (yes, LASG is willing to even pay these people's debt!!!) ie more than #25bn in total. This is apart from d #5bn the Govt initiali pay to d Concessionaires at d start of d scheme. LASG wud also borrow #87.7bn from a bond to then build d road itself (ie, #103bn). This is from a project that was suppossed to cost #50bn!!! And to make d whole mata worse, d LASG wud still retain these same failed Concessaires, and apparently STILL PAY THEM either to collect d tolls or build d road!!!...... THE QUESTION IS: WHO IS BEHIND THIS LCC CONCESSIONAIRE?? Who is chopping these humongous money from Lagos State Tax payers, with impunity? |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by UyiIredia(m): 9:24am On Sep 04, 2013 |
^Food for thought. |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 1:36pm On Sep 04, 2013 |
MODS, make shame dey catch una small na.. |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by anonimi: 1:56pm On Sep 04, 2013 |
taharqa: Smoothest FRAUD in this country's history. We might just ask residents of Lagos who bear the tax BURDEN of these scams to choose between these two songs, which one to play for Fahsola's next birthday: 1. Smooth Criminal- Michael Jackson [url= https://www.youtube.com/watch?v=sj4zNWW2nvY][/url] |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by anonimi: 1:58pm On Sep 04, 2013 |
1 Like |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 2:09pm On Sep 04, 2013 |
Akamu and Stew: First of all I remain yours sincerely, Festus the CorementioCome on SHUT that ya mouth tha, Clown. Can't bliv I didn't 'see' this earlier... 3 Likes |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by Nobody: 2:33pm On Sep 04, 2013 |
#EndAsuuStrikeNow |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by Nobody: 2:37pm On Sep 04, 2013 |
#EndAsuuStrikeNow |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by Nobody: 2:38pm On Sep 04, 2013 |
#EndAsuuStrikeNow |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by Confusionist(m): 3:27pm On Sep 04, 2013 |
Ur hairs alwys stand at attention whenever lagos is mentioned. No wahala: Hypertension medicines are now being subsidized! |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 8:14pm On Sep 04, 2013 |
Confusionist: Ur hairs alwys stand at attention whenever lagos is mentioned.So this is ya own take over what you just read here?? That's it?...*SMDH* |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by musiwa112: 10:59pm On Nov 12, 2013 |
i dont get you |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by UyiIredia(m): 6:13am On Nov 13, 2013 |
There is truth to the OP. I fear some people are so excited over Fashola's achievements they fail to see where he misses it. In fact, till I met a lady who told me otherwise, I would have said Fashola is clean, he isn't. 1 Like |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by WildChild00(m): 7:19am On Nov 13, 2013 |
This is a shame on the Lagos State Government, and there is nobody to come out and defend dis, this will forever been used against the governor wen his lives office. |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by Nobody: 7:20am On Nov 13, 2013 |
While Tinubu dogs and vultures are attempting to lynch the minister of aviation over N225 million spent on 2 armoured cars, a whopping N25 billion is being siphoned right under their nose by Tinubu-Fashola collabo. 2 Likes |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by ba7man(m): 7:21am On Nov 13, 2013 |
Uyi Iredia: There is truth to the OP. I fear some people are so excited over Fashola's achievements they fail to see where he misses it. In fact, till I met a lady who told me otherwise, I would have said Fashola is clean, he isn't.Same with G.E.J. But the President's own is on a far monumental scale......That Abuja-Lokoja contract inflation alone makes this one look like child's play. Kudos, FG. |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by karlmax2: 7:38am On Nov 13, 2013 |
ba7man: Same with G.E.J.just like the op did he provided figures which are verifiable. Pls I would like you to do same let's compare the two frauds don't forget the lekki-epe road Is a 50km road which upto 20km has not been completed. The op was articulate in his write up looking foward to read urs about the abuja- lokoja fraud according to u. At least u just agreed that GEJ is working on Abuja- lokoja road something u hypocrite don't ever agree with. Since u bunch always claim he has not done anything. 1 Like |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by WildChild00(m): 7:48am On Nov 13, 2013 |
Sincere 9gerian: While Tinubu dogs and vultures are attempting to lynch the minister of aviation over N225 million spent on 2 armoured cars, a whopping N25 billion is being siphoned right under their nose by Tinubu-Fashola collabo. [size=18pt] The whole country needs re-overhauling, both @ the federal level, the states, this is a shame on our leaders in general, frm the Aviation minister, NNPC, Lagos State Government etc are all corrupt, the headlines today is so sad, wat is happening in NNPC, on the otherhand the Lagos State Government is doing theirs and pointing fingers @ the federal government, " it might be history that these current Government is one of the most corrupt government in the history of Nigeria, if nothing urgent is done about it, starting frm the federal, den state follows suit". [/size] |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 8:10am On Nov 13, 2013 |
ba7man: Same with G.E.J.You ought to be thoroughly ashamed of yrself (assuming you actuali hv d capacity for Shame)!!!.... This LekkiEpe Rd is just 49.9km (sm would say plus an additional 15km 'coastal' Rd which has recently bn smuggled into d discuss for still inexplicable reasons) would cost almost #200billion to construct it ie a cost of about #3billion per km; WHILST, d Abuja-Lokoja Rd is a 200km Rd that wud gulp 106billion for each of its 4 sections ie a cost of about #500million per km (making it one of d cheapest road constructn I hv seen in Nigeria in recent years)- meaning this LekkiEpe Rd would cost 6 TIMES the Abuja-Lokoja Rd!!! And, unlike d Fraud in LekkiEpe where only just above 15km have been done in 6yrs of concessioning, 150km of d Abuja-Lokoja Rd has already been done (most of them in 2yrs under GEJ)...... Abeg, find anoda 'line'; this one is so Pathetic it wouldn't fly. 3 Likes |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by geeez: 8:20am On Nov 13, 2013 |
A 50km Lekki-Epe Expressway built on a waterlogged sub base will cost Lagos taxpayers N25bn (N500m/Km) A 150km Lagos-Ibadan Expressway on a solid sub base will cost Nigeria $1bn or N150bn (N1bn/km) |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 8:25am On Nov 13, 2013 |
geeez: A 50km Expressway built on a waterlogged sub base will cost Lagos taxpayers N25bn (N500m/Km)LIAR.... Everytin you just said here is a LIE 1 Like |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by tawa89(f): 8:27am On Nov 13, 2013 |
geeez: A 50km Expressway built on a waterlogged sub base will cost Lagos taxpayers N25bn (N500m/Km)dude stop playing the tribal card . I'm sure that there are intelligent Yorubas that would love to see u pen a well structured rebuttal . Stop trying to play on the intelligence of Yorubas. 1 Like |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by tomakint: 9:43am On Nov 13, 2013 |
Eko o ni baje oooooooooooooo |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by ba7man(m): 10:34am On Nov 13, 2013 |
taharqa: You ought to be thoroughly ashamed of yrself (assuming you actuali hv d capacity for Shame)!!!.... This LekkiEpe Rd is just 49.9km (sm would say plus an additional 15km 'coastal' Rd which has recently bn smuggled into d discuss for still inexplicable reasons) would cost almost #200billion to construct it ie a cost of about #3billion per km; WHILST, d Abuja-Lokoja Rd is a 200km Rd that wud gulp 106billion for each of its 4 sections ie a cost of about #500million per km (making it one of d cheapest road constructn I hv seen in Nigeria in recent years)- meaning this LekkiEpe Rd would cost 6 TIMES the Abuja-Lokoja Rd!!! And, unlike d Fraud in LekkiEpe where only just above 15km have been done in 6yrs of concessioning, 150km of d Abuja-Lokoja Rd has already been done (most of them in 2yrs under GEJ)...... Abeg, find anoda 'line'; this one is so Pathetic it wouldn't fly.How many lanes are these roads you compare? Do they have sidewalks?? Do they have large drainages like the Lekki express?? Do they have pedestrian bridges at intervals?? Are bustops constructed at intervals?? Are round-abouts + beautification included in the construction?? Are those check-points to be built at intervals?? How stable is the underlying soil?? .....Or do you think they just pour Laterite, granite and tar on the roads like is the norm in Nigerian road construction. These are questions you should also ask. |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 11:27am On Nov 13, 2013 |
ba7man: How many lanes are these roads you compare? Do they have sidewalks?? Do they have large drainages like the Lekki express?? Do they have pedestrian bridges at intervals?? Are bustops constructed at intervals?? Are round-abouts + beautification included in the construction?? Are those check-points to be built at intervals?? How stable is the underlying soil??Come on SHUT yr mouth, tha.... Sebi that is why it may cost SIX TIMES the cost for d Abuja-Lokoja Rd, which you had previously declared 'exorbitant'? By d way, that Abuja-Lokoja has bridges (not small Pedestrian bridges that you are talking about here) to be constructed along d route (2 of them new), and parts of d route wud be constructed along d Niger Bank/basin. So it not all complete 'dry' land. 1 Like |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by ba7man(m): 11:36am On Nov 13, 2013 |
taharqa: Come on SHUT yr mouth, tha.... Sebi that is why it may cost SIX TIMES the cost for d Abuja-Lokoja Rd, which you had previously declared 'exorbitant'? By d way, that Abuja-Lokoja has bridges (not small Pedestrian bridges that you are talking about here) to be constructed along d route (2 of them new), and parts of d route wud be constructed along d Niger Bank/basin. So it not all complete 'dry' land.Must you let your unhappy childhood reflect in all your posts?? You really need psychological help, you definitely can't function properly in a civillized environment with this behaviour of yours. Can't you carry out a simple arguement without insults?? You'll get slapped a lot if you try this in reality but i guess you're probably a mousy guy that only comes alive behind the safety of a computer screen. I didn't bother to read what you wrote with your opening statement....... always stark raving mad like a sex starved schizoprenic. "YOU'RE A FOOOOOOL"......."SHUT YEAR MOUTH".........you sound like the dregs of a public school's reject's list. There's no way you grew up in a good home with this behaviour. 1 Like |
Re: Fashola's Lekki Road Scam Increased To N=25 Billion From Initial N=7 Billion by taharqa: 11:43am On Nov 13, 2013 |
ba7man: Must you let your unhappy childhood reflect in all your posts?? You really need psychological help, you definitely can't function properly in a civillized environment with this behaviour of yours.I usuali do not hv much patience for peeps that acts as FOOOLS... Forgive me if I can't help myself at times 1 Like |
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