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Nairaland Forum / Nairaland / General / Politics / Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff (26556 Views)
Lekki Concession Company Limited Resumes Tolling At Ikoyi Link Bridge Today / Directors Of Lekki Concession Company/Oriental hotel / INEC To Deploy Over 3,500 Staff For Bauchi South Bye-election (2) (3) (4)
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Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by FastLane25(m): 9:06pm On Feb 15, 2021 |
this Issa serious sometin' |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Emito0: 9:07pm On Feb 15, 2021 |
Duck. See idiots |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by kennyamusan(m): 9:08pm On Feb 15, 2021 |
instead of doing the needful by submitting the camera removed for the night, tell us who owns the company, and making sure justice is served, u r here ranting like an upgraded slowpoke |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Kingrefreshed: 9:09pm On Feb 15, 2021 |
Maxymilliano: Stop mentioning this useless Company before I delete this Nairaland site. You say I no go fit dowam?
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Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Felabrity: 9:10pm On Feb 15, 2021 |
Which bank debt? 1 Like |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by undet: 9:10pm On Feb 15, 2021 |
seunmsg: Oga LCC turned off the lights. LCC was an accomplice to the murdernid Nigerian youths on the 20th Oct, 2020. I was at the scene the following morning. Cleaning company was already there, cleaning the whole place . They swept and washed off the evidences as far as I am concern. Do not be an LCC apologist here please. 10 Likes 2 Shares |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Perfectsouth(m): 9:14pm On Feb 15, 2021 |
SO instead of first appealing the resort to dishumanization of citizens? Una go get sense Las Las |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Tomilola360: 9:14pm On Feb 15, 2021 |
its not yet October 2021 OP |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Nobody: 9:14pm On Feb 15, 2021 |
BusinessCity:Even the Mafia is more open than https://www.premiumtimesng.com/news/top-news/280552-foi-despite-court-of-appeal-ruling-lagos-refuses-to-open-its-books.html 1 Like
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Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by yimnansunny: 9:15pm On Feb 15, 2021 |
hmnmm |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Kobicove(m): 9:17pm On Feb 15, 2021 |
RuudVanNisteroy: It is not a public company therefore it's not under obligation to publish its financial statements 3 Likes |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by chukwugoziegi: 9:17pm On Feb 15, 2021 |
BusinessCity: I. Love. You. #NoHomo I love how you schooled that guy. 5 Likes |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Neddstark: 9:17pm On Feb 15, 2021 |
seunmsg: Once Nigerians hear tollgate, they say Tinubu. Not knowing this is a private Enterprise too. Personally, i think one of the tollgates has to go. So its not like dual exploitation 4 Likes |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Masterkernel1: 9:19pm On Feb 15, 2021 |
seunmsg: You're one of those paid agents, trolling round cyberspace to save the frog eyes. 9 Likes 1 Share |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by sunnymaja(m): 9:19pm On Feb 15, 2021 |
Let us agree that someone owns the toll gate: the total sum incured in constructing the road is enormous and will be eager to be recouped. So even if it is Tinubu, he is entitled to return on his investments. It is a bad sign and can drive away investors if the attitude is to destroy something that belongs to somebody. Unfortunately the investors must know a Nigerian who is to be at the forefront. The only hindrance is the military attack and death of harmless people. 1 Like |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by SmartMen: 9:20pm On Feb 15, 2021 |
seunmsg:No where did you mention the people that were killed there but you want to pander to political ambition don't you? The injustice is BIG enough to go round, man. It will definitely reach you and your household. Just patiently wait for you turn... like most of you SW APC rat are being fvcked left and right! 6 Likes 1 Share |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by BusinessCity: 9:21pm On Feb 15, 2021 |
3 Likes |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by illicit(m): 9:22pm On Feb 15, 2021 |
October 20 2021 |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by zeusdgrt(m): 9:23pm On Feb 15, 2021 |
seunmsg:U dull 6 Likes 1 Share |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Pickieox(m): 9:24pm On Feb 15, 2021 |
Story story oooo... Story... Once upon a time... Time time... |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Nobody: 9:25pm On Feb 15, 2021 |
seunmsg: You are wrong. LCC is owned by Tinubu & his greedy self-serving cronies. Take for example - one of the advertising companies mentioned above (Loatsad Promo media Ltd) is owned by Seyi Tinubu. You can Google it. Therefore, we insist, that in the memories of those slained at the Lekki Toll Plaza during the End Sars Protest, the Lekki Toll Plaza and the Tinubu-owned LCC should remain shut indefinitely. He gave the names of the outdoor advertising agencies as E-Motion Advertising Ltd, Prodigy Advertising Ltd, Loatsad Promo media Ltd, and Eye Kontact Ltd. While these companies actually pay LCC for the use of its advertising platforms, some purveyors of fake news have again gone to town to misinform the public that LCC pays one of these companies and claim he described as totally false. 12 Likes 3 Shares |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Eriokanmi: 9:26pm On Feb 15, 2021 |
Bank debt you said? After you've made triple of what you invested? The amount you lost in one month was a proof you're reaping us off 7 Likes 2 Shares |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by olatuns2017: 9:26pm On Feb 15, 2021 |
Maxymilliano: LCC deserves justice ShopRite looted now reopen Toll gate got burnt but still closed 1 Like |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by SmartMen: 9:27pm On Feb 15, 2021 |
BusinessCity:May God bless you bro. 4 Likes |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Jimasun: 9:29pm On Feb 15, 2021 |
If Abia and Bayelsa get the type of scrutiny Lagos gets, they won't be owing salaries and pensions every now and then. 6 Likes |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Eriokanmi: 9:29pm On Feb 15, 2021 |
seunmsg:Why did they turn off the light? Whi gave them permission to do so? People will never forget. 5 Likes 1 Share |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Sirjamo: 9:30pm On Feb 15, 2021 |
RuudVanNisteroy:How is your state run? When last did you ask your state governor to be transparent? 3 Likes 1 Share |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Jimasun: 9:30pm On Feb 15, 2021 |
Eriokanmi:Reaping who off? Lagos na ur state? If you can't pay it, go back to Edo state 5 Likes |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Oyiboman69: 9:30pm On Feb 15, 2021 |
seunmsg:they commited the biggest crime when they sheilded the only evidence of the lekki shooting which is the camera which they claim it was faulty during the period the army invaded the peaceful protesters...the toll should be torn down with no stone left standind.... 3 Likes 1 Share |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by iwaeda: 9:30pm On Feb 15, 2021 |
seunmsg: Why we terminated Lekki-Epe deal with LCC – LASG ON AUGUST 29, 201312:26 AMIN NEWS By Olasunkanmi Akoni & Monsur Olowoopejo LAGOS — Lagos State Government, yesterday, said it terminated its concession agreement with Lekki Concession Company, LCC, the concessionaire handling the 49.63 kilometer Eti-Osa-Lekki-Epe Expressway, “to save motorists from paying exorbitant toll tariff on the ever busy road.” This came as it announced that the last phase of N87.5 billion out of the N275 billion fixed rate bond would be out for prospective investors in the fourth quarter of the year, to finance the acquisition right and take control of the toll regime on the road. The termination came seven years after the commencement of the 30-year agreement between the state government and LCC, for the upgrade, expansion and maintenance of the road estimated to gulp N50 billion. It will be recalled that the state House of Assembly had, on Tuesday, at a special plenary session, approved N7.5 billion supplementary budget to accelerate the transfer of ownership of the road to the state, leaving the state with wider policy option with regards to that important road infrastructure. Reason for govt’s action Giving the reason for government’s action, Commissioner for Finance, Mr. Ayo Gbeleyi, said: “As provided for in the concession agreement between the parties, the concessionaire, (LCC) can increase the toll tariff based on the inflation rate in the country, among other things every quarter. The risk is that when an agreement was reached between two parties to negotiate on a contract, whatever the year, one cannot envisage the entire challenge that will arise later. The dynamics of the Lekki project did not envisage that there would be devaluation of the country’s currency, between 2008 and 2013 from N118 to N160. This impacted on their cost which they will attempt to pass to the common man on the street, because of the inflation adjustment. “For instance, if the state government had not come up with this plan last July, the concessionaire would have increased the toll fee for cars from N120 to N144 while drivers of SUVs will have to part with N180 as against the N150 cost they are still enjoying. This is because the concessionaire would have added 20 percent. The government felt that this would be difficult to push to the residents at this time. And of course, at every anniversary, it was meant to go up by the inflation rate plus five percent. And we should not forget that this is the first Public Private Partnership, PPP, agreement reached by the state government.” On N85.5bn bond The commissioner said “Our application has been filed with Security Exchange Commission, SEC, and other aspects have been handled. Our best estimation is that by the early fourth quarter of this year, we will be able to access the cash from the transaction. Out of the bond issuance of N275 billion, the state government has issued three series of the bond totaling N187.5 billion.” 2 Likes |
Re: Lekki Concession Company Speaks On Bank Debts, Ownership, Fate Of Over 500 Staff by Perfectsouth(m): 9:30pm On Feb 15, 2021 |
BusinessCity:the day another party will rule Lagos and they decide to open tinubu's yansh, even his close associates will stone him 3 Likes |
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