seunmsg:
Like I have said severally, LCC is also a victim in all of these. They were doing their business until the Endsars protesters forcefully hijacked their premises for the purpose of the protest.

Despite the fact that LCC committed no crime, their business premises were burnt down by the protesters. LCC also deserve justice.

seunmsg:
Like I have said severally, LCC is also a victim in all of these. They were doing their business until the Endsars protesters forcefully hijacked their premises for the purpose of the protest.

Despite the fact that LCC committed no crime, their business premises were burnt down by the protesters. LCC also deserve justice.

Kobicove:


It is not a public company therefore it's not under obligation to publish its financial statements

RuudVanNisteroy:

It is accountable to taxpayers. Tinubu PLC has refused FOI requests into it's finances.

BusinessCity:
He said. Rather the emperor said. Publish the books openly or let an external world acclaimed body have access to the records which everyone has been asking about for donkey years. Upon through accounting audit, you can then go on to state the duration for payment to get completed and not increasing the toll rates and extending the tenure the toll stays in place that was been pushed to the front burner before all of these starting popping up...
If you can't do this, 50 Billion is what Lagos can repay if it dedicates 1 Billion per month within a 3 years tenure


But of course not, you know the toll generates billions monthly and it's milling out cash for its emperors amidst dodgy reasons you would not disclose.


INEC stated that APC spent over 100 billion on 2011 elections alone.. Osun states political funding where Aregbe mismanaged state resources... Aha... This and more the reasons book won't be open and external professional audit performed s it ought to



. You think it's still the 1940s that once you speak subjects take your thrash hook, line and sinker. Declare the tenure the toll gate would remain in place and place a placard publicly when it will cease to exist


Awon Ole

Nigerianization:
Its good to hear from all sides. However, sometimes, fake news helps to force the truth out of their mouths. But how can the Lagos state government acquire the company 100% and still give out 25% stake to private owners...........Which kind bazaar be that?

bharkarh:
I found that crazy too. Had to read it multiple times

plaindealer:



What is that?

RuudVanNisteroy:
www.nairaland.com/attachments/13149054_118977945dbc5c9f5a430jpegac5df5128ce5e45e946cd08f65a7599a_jfif_jpegfbf6afd377bc40b44e2dbf33029c7af6

RuudVanNisteroy:

You will wait for donkey years. Lagos state that has refused to release details of the contract with Alpha Beta owned by Tinubu that collects 10% tax revenue, you now think will release the financials of LCC?

MayorofLagos:


FSARS can also say its a victim, it was created for good of society but railroaded by bad eggs.

Infact, miyetti allah can make similar claim of innocence. It's a victim of bad press caused by ak47 totting herdsmen.

Don't forget, shakau is also innocent, he was a muslim scholar, if army had not killed his cleric, Yussuf, they would not have protested and there would not have been bokoharam.

tommy589:


As a lay man I just have the feelings,without verifiable evidence that they make tonnes of money ripping the road users off. But i am thanking God we have people like you that will tear their lies into shreds with calculations or documentary facts if need be

babaolofin:


LCC is only being civilized by explaining to the EndSARS protesters her predicament. LCC owns them no explanation. It is only the Lagos State Government, the State Assembly and Judiciary that can determine if LCC can return back to work. It is now vividly expressed that the choice of the Tollgate for the protest is to collapse the business of LCC and that of Lagos State because of Tinubu Presidential ambition.

LCC should just go back to work . Groups in support of Lagos Developmental initiatives and Greater Lagos should be allowed to clash with EndSARS protesters.

All these explanations are not needed. February 13 was chosen as exit day for Herdsmen in a region. February 13 witnessed a violent clash at Shasha and February 13 was chosen by EndSARS protesters in Lagos.

Those who gave Herdsmen a deadline of February 13 may be the same group that made the choice of February 13 for EndSARS protesters to protest in Lagos.

Dino Melaye group once clashed with another group during a protest at National Assembly before he became a Senator. They should allow Lagos to recover. They should allow Lagos to be rebuilt. Otherwise, groups should be left to engage them. LCC owns them no explanation.

RuudVanNisteroy:

Lagos pays 10% tax revenue to Alpha Beta a private company according to former Managing Director of Alpha Beta,Dapo Apara, is owned by Bola Tinubu, which is unheard of anywhere in the world, where a private firm collects 10% of tax revenue for a state goverment. If this hasn't resulted in the collapse of Lagos state government, I very much doubt LCC closing for good will.

27Pushing30:


Do you stay around the Lekki area? If yes ignore the report and tell me in terms of road maintenance has the LCC lagged?

That’s my only Q to you for now.

Regards

babytoun:


One man dreamt and implemented all that lagos is today ? Who be the man ? Na Jakande ,Gbolahan mudashiru or Buba Marwa?

Do you know what it means for lagos to be federal capital from 1914 to 1991?

SmartMen:
This is the problem with you... That bastard attacked Igbos in 2019. I mean, Igbos were on their own and he sent his lapdogs after them to disenfranchise them of their right.. In same 2019 election, His wife was caught on video making tribal slurs at Igbos...

Do you know what that cost me? A multiMillion dollar real estate deal because the client were Igbos...

As if that was not enough, away from the election, he said and I quote " Is evans a herdsman" when issues of herdsmen crisis was ravaging his yorubaland... what has evans got to do with herdsmen crisis in Southwest?

Just days ago before the 13th Feb protest, he turned the proposed protest into an Igbo centric attack...

Tinubu didn't make Lagos, Lagos was always going to be what it and they didn't call it the commercial center of Nigeria for nothing... there was Lagos before Tinubu and there will be Lagos after him.

If he was so sure of transformation ability, why didn't he transform his home state, Osun State to Eldorado like those of you are trying so hard to make us believe as we do not have eyes to see it by ourselves.

A protest that was peaceful. they sent out brood of vipers and thugst that they have breeding for years to attack people who asked for better government. When that failed sent army to kill people's children.

You all can try but the world saw what went on at Lekki Tollgate... that Tollgate will remain shut forever and any attempt to reopen and there will be another protest. I assure you.

You cannot kill people's brothers, sisters, cousins and children and want to fill your bank account on the ground that they were murdered aided by you...

e no go better for all of una...

BusinessCity:




Smiles. Counter the salient points I raised point for point. Let the public be the judge.


Again, I say unto you verify, verily, leave petty sentiments asides.

BreconHills:


Which points? That 50bn can be absorbed by Lagos IGR. You said lagos Tax is a heavy burden. Did you do the remotest of social impact studies to determine that. Uou said nothing but boast about how smart you are. I wish you would allow us test that. I intentionally gave you a way out by asking you to reference 1999 so that you could build your strawman argument so I could knock it down. Instead you are waiting for me to feed you facts you can try to knock down when you are making a case out of nothing. Show Lagos historic IGR, balance it against the simplest of SROI calculations and let's establish the efficiency of the tax. You want Lagos to be a paragon of financial rectitude - what is happening in your state? Please it's early in the morning.

Kobicove:


It is not a public company therefore it's not under obligation to publish its financial statements

seunmsg:


Despite the fact that LCC committed no crime, their business premises were burnt down by the protesters. LCC also deserve justice.

BusinessCity:
He said. Rather the emperor said. Publish the books openly or let an external world acclaimed body have access to the records which everyone has been asking about for donkey years. Upon through accounting audit, you can then go on to state the duration for payment to get completed and not increasing the toll rates and extending the tenure the toll stays in place that was been pushed to the front burner before all of these starting popping up...
If you can't do this, 50 Billion is what Lagos can repay if it dedicates 1 Billion per month within a 3 years tenure

But of course not, you know the toll generates billions monthly and it's milling out cash for its emperors amidst dodgy reasons you would not disclose.

INEC stated that APC spent over 100 billion on 2011 elections alone.. Osun states political funding where Aregbe mismanaged state resources... Aha... This and more the reasons book won't be open and external professional audit performed s it ought to

You think it's still the 1940s that once you speak subjects take your thrash hook, line and sinker. Declare the tenure the toll gate would remain in place and place a placard publicly when it will cease to exist

Awon Ole

gwinaB:
They should state how much was invested and how much has been made so far. They should do so with evidences. Telling the public about their indebtedness is not a useful information.

Nigerianization:
Its good to hear from all sides. However, sometimes, fake news helps to force the truth out of their mouths. But how can the Lagos state government acquire the company 100% and still give out 25% stake to private owners...........Which kind bazaar be that?

9jaRealist:


Pretty sure that part of the Financial Covenants with the foreign bank lenders would include audited financial statements by one of the Big Four global accounting firms. That’s a basically standard provision. Furthermore, as a non-listed company (ie, not listed on the stock exchange), it is the accepted convention that it’s accounts are not published. However, I am pretty certain that the House of Assembly can request its accounts.
>

tommy589:
As a lay man I just have the feelings,without verifiable evidence that they make tonnes of money ripping the road users off. But i am thanking God we have people like you that will tear their lies into shreds with calculations or documentary facts if need be

BusinessCity:




Smiles


I've been staying there for 2 decades now