₦airaland Forum

Afolabs101: Please provide a link to that article

@Post, This has been a fraudulent project from the beginning. I suffer most days in traffic and then have to part with my hard earned money so because people are too busy looting. I strongly believe that with the money Lagos State earns plus Federal allocation, the state should have absolutely no problem upgrading that road from VI to Epe. The amount of tax collected by Lagos on that stretch is mind-boggling!!

FASHOLA, REMOVE THOSE TOLLS

Scroll down on this page, and you wud find the Links...

take dat: Brother,
Is it a problem of eye defects? In that post, I stated that "our thieving politicians" must be excluded.

Judging from the arrant hogwash you wrote above, its obvious you are a closeted bigot. Is it that there are no 'Yorubas of high moral standing'? I am disappointed!

lol @closet bigot ... I don't even undastad the differences by Ethnic groups sef, talkless of manipulating those differences for any purpose whatsoever. Tribalism is one of those things I cud never undastad. By d way, do you where am from? Do you know if I am Yoruba sef ??..... Seriously now, sm persons regard Tinubu as 'd new Leada of d Yoruba nation'. Tinubu himself seems to bliv so. YET he is a Criminal of d very 1st rate. Says a lot...

Hamazz1: They will probably get a bail of 250k or 7months in jail one thing is certain gej lacks d courage n will to fight corruption squarely n aggressively in this country n d logic behind this assertion is simple BC he's a product of corruption himself he who tlks abt equity shld come with clean hands.

GEJ is not d Judiciary, you IJIOT.. He is doing exactly what is expecting of him here: create a System that Exposes these thieves, and then arresting and prosecuting them. And he has done so in this case WITHOUT any external prompting. Sentencing of a criminal is completely d Judiciary....#overemphasisonGEJgo killsomeofunaoneday

venorite: They should fu*king divide this messed up country. When you start stealing from the old, you are heartless.. Every politician deserves to die either through plane crash or boko haram God save your people. 35billion,damn

These are NOT even Politicians this time around. They are Civil Servants. 'Ordinary' Nigerians like you...

wellmax: Is Lagos the only state in Nigeria? Your hatred is not helping your reasoning.

My attention is presently focused on Lagos State for now. Anything??

iphy42: The easiest way to recognize sycophants is that they result to name calling when boxed to a corner.

Show us proof that GEJ uncovered the rot in the system... Or I forgot, Maina his pension taskforce head that stole billions of the pension fund was appointed by Ibb and Abacha

Who is this DONKEY talking to?? Is it yr father that is exposing these Thieves? So you didn't know that ALL of those former Pension thieves did most the stealing b4 GEJ became President (though, not sure of these new ones) and that it was cos of d President's Task Force and Okonjo-Iweala's Audit of d Civil Service almost immediately she returned in an attempt to reduce Recurrent Expenditure/Overheads (the same process that hv discovered thousands of Ghost workers and saved d nation more than #100bn, and which d new IPPIS is an extension) made ALL d Pension theft discoveries, and that it was d Govt solely (without any prompting by any person) who took them to court and prosecuting them?? Even this new discoveries as inferred from this article was entirely made by d Govt (tru d Task force again) and it is the Govt that arrested them and is now prepping to prosecute them. What is diff is that YOU are just now hearing about it afta d work hv bn talking, and as a typical Nigerian, talking . Can that brain of yrs undastad this??

take dat: APC cannot stop the Yoruba nation from being part of a 'genuine national conference with its full constituent powers', neither does Afenifere nor any other socio-cultural organization speak for the Yoruba nation. Afenifere, an extinct group was once an identity for the Yorubas, but it died long before the death of Bola Ige and its carcass was interred with Abraham Adesanya.

Why should gerontocrats in their 70's and 80's be the ones to chart a new course for the Yoruba nation? These are men who in their late 20's and 30's already made a name for themselves because of the good vision of Awo, yet they have refused to make any meaningful impact on the lives of an ordinary Yorubaman other than mouthing platitudes about Awoism. The same 'old order' who mortgaged the future of the Yoruba nation by their unholy alliance with OBJ. Insatiable lovers of self-aggrandizement, who have positioned their children in good places/positions just because they put on an Awo cap. Their greed and covetousness led to the birth of the rebellious, Afenifere Renewal Group.

If the Yoruba nation will be represented at the proposed conference, they shall be chosen on the basis of social forces/class identity and between the ages of 20 and 55, and not some self-serving ethnic associations made up of the old guards who have arrogated an illusionary power/authority to themselves or our thieving politicians. We still have Yorubas of high moral standing, we can no longer be fo0led by the 'Akuko Gagaras'.


Peace to the House of Oduduwa!

Like who? People Like Tinubu, right?? The new 'Awolowo' of d Yoruba people .....

mascot87: You guys don't understand d politics of Nigeria and just commenting ignorantly.GEJ is not serious about the NC,he set up a committee to draft out modalities on how to achieve a successful NC but before the committee commences on its work he made another announcement that the report from the committee would be forwarded to the NASS for approval.The announcement of the NC is deceptive and it's just a way of distracting Nigerian from the crisis in the PDP and also I believe it is to drum up support for GEJ in 2015.Why is he announcing a NC now and when the PDP is in the middle of an unending crisis?And to show how unserious he his, he announced that the National assembly will have to approve the report,isn't that crap?Read my lips, with the intention I foresee of my president, the NC will not see d light of d day

Now, am getting confused: I thought GEJ was 'clueless'. Surely, he cudn't hv conjured all these, No??

PROPAGANDA ALERT...

bloggernaija: i do not understand because i am not in your reeking "fresh air " system.
In the no air system where I reside, you cannot misappropriate $100 without being flagged by the system.
An ordinary civil servant had access to and stole more than a 100,000,000 dollars .
Who do you blame?
Them roadside mechanic or the palm-wine tapper.
GO LEARN YOUR CIVIC BEFORE COMMENTING

lol... Lagos is such a system, right?? A state that engage a Concessionaire to construct a 49km Road with about #50billion but wud end up spending bw #170bn- #180bn in constructing same in a Concession agreement that is front in Utmost Secrecy... Stop bn a CLOWN

I hope that d IJIOTS who hv commented on this thread undastad that it is President Jonathan's Task Force that is exposing and prosecuting these Pension Thieves in d ministry (most of which happened b4 his tenure). Compare to d FRAUD going on in lagos, esp that LekkiEpe SCAM, where Fashola refused to release info to the people who took d State to court unda d guise that the State does not recognise d Freedom of Information (FOI) Bill...

take dat: ^

If the allegations were made against Fashola, it won't be propaganda and a complete lie! I see!

@take dat, I still hv not seen a single comment from you on the LekkiEpe GRAND FRAUD. I wönda why??..... You know that it is not every anti-Fashola/Tinubu corruptn thread that I comment on; in fact, I hardly comment on most and hv even dismissed a few. BUT that Lekki-Epe Scheme is a FRAUD of d 1st rate, regardless of whateva directn one wants to look at it. Plus, I am Appaled by d 'Conspiracy of Silence' and outright HYPOCRISY in the rxtn to it. You are not yrself in d clear in this respect......@topic, this new allegation about d Presidency's alleged probe of d Remodelled Airports is nothing but a streak of PROPAGANDA. Full Stop!! Don't even hv d time to debate it any furda...

PROPAGANDA ALERT..... Complete lie, this

fkaz: Fashola/lagos state is always your problem, they are talking of national issue concerning corruption, you are talking of fashola. Is that your new way for self defence?

I think you guys can now leave fola Akintuolu for now

You guys are so SHAMELESS, it is almost Pathetic. National issues, you said? Oho! So corruption has 'National' and 'sub-National' issues NOW, abi?? And we must ONLY be concerned about d 'National' ones, faaa??..... DONKEY, we are talking about d spending of #170bn- #180bn to construct a 49km Road in yr name for a project that shldn't cost more than #30bn- #40bn (after which you wud continue paying Toll fees from yr nose from 3 Toll Plazas built in such a relatively SHORT stretch of Road UNTIL at least 'they' hv bn able to recover d #170bn they took from you to build it in d 1st place!!), and you are lecturing us about 'National' and 'sub-National' corruption(s)... #wherethehelldidtheseCLOWNScomefrom

Sagamite: You are a person!

Why are you telling me this?

I was just trying to say that you are a Bladdi HYPOCRITE; and seeing what you just tried pulling by ascribing d said sum to 2 cars instead of d 54 so CLEARLY started in yr own article (a comment you didn't even respond to), one wud also say that you are a LIAR as well.... You too may THANK me later..

hercules07: Actually the total expenditure from the LASG on lekki is #28 billion Naira, broken as follows, #5B loan, #15B buyback, #8B for loan servicing and third party issues, I do not know where you got #170Billion Naira. http://www.tellng.com/business/question-over-lekki-concession-buy-back

Actuali, it is as follows: #15bn to 'buy back' a FAILED concession when d Concessionaire shld be d ones paying LASG; #6.8bn and #3.5bn to pay back d debts incurred by d FAILED Concessionaire (d very 1st time I hv ever heard a party paying d debts of another party that Failed to keep to d terms of an agreement); #5bn that d LASG initiali paid to d Concessionaires at d start of d Scam; #87.7bn that d LASG intends to borrow tru placing a Bond in order to 'complete' the FAILED road project; #35bn which d Concessionaires said they already spent on d road (ok, #30bn ie minus d #5bn which d LASG initiali gave them and which I hv already counted); and, then a still undisclosed amount of money running in the billions which d Concessionaires already got from Toll fees in almost 3 yrs of collecting Tolls from a Project they were not supposed to collect a kobo until d entire Road project is done (according to a Survey conducted by this same Concessionaires suggested a Toll revenue of an Average of #4.2bn Annually from ONLY ONE Toll plaza). You may now ADD up, and see if you wud not have within d neighbourhood of #170- #180bn that wud hv bn spent by both d LASG and d Concessionaire in order to build a 49km Road!!!.... By d way, EVERY FIGURE listed above came directly from d mouth of d Commissioners of Finance, Economy and Works of d LASG... I expect yr Response, unlike what you did in that other thread by running away after having yr questn answered. You may THANK me later...

By d way @OP and 'Corruption Crusader', d LASG wud spend bw #170-#180bn to construct d 49km Lekki-Epe Rd, instead of about #30-#40bn. This is FACT; and there are at least 3 threads on d Politics section on this FRAUD and WASTE... Wonda why a Voltron like yrself hv not seen nor commented on it..

STOP peddling lies, LIAR.... Read yr article again: that amount was for d 54 cars NCAA wanted to buy, including d 2 Armour cars. We know d whole Scheme is WASTEFUL and there almost certainly is Fraud smwhere, but no need to sugarcoat it. It is clearly stated in yr article...

seanet02: If anybody is not happy with how the lekki road is being handled, such a person is free to petition the Economic and Financial Crimes commission.
Ranting here like an infected rabid dog is the height of ediocy.

lol....why am I not surprised??

taharqa: The FG would spend an average of #1billion per Km on the Lagos-Ibadan Rd, similar to the initial amount of this Lekki-Epe Rd- both of which are still too Expensive relative to other Climes in the world (Nigeria usually has one of the most Expensive Road Construction Cost in the world, unfortunately).

BUT, apart from the HUMONGOUS Corruption involved in the Scheme that is Lekki-Epe Concessioning/unConcessioning, the LASG and Concessionaire would eventually spend bw #170-#180billion to construct a 49km road (ie at #3-#4billion per Km) ie 3 to 4 times what wud be spent on d already expensive Lagos-Ibadan Rd; and, to make matters worse, same Lagosians who having paid this UNBELIEVABLE sum to construct the road, would still have to pay through their noses for toll fees from at least 3 Toll Gates on that relatively short road!! And by the results of the Survey conducted by the 'former' Concessionaires, just ONE of these Toll booths would generate an average of #4.2billion Annually.

If your heart doesn't severely pricck you on reading all these regardless of what your persuasions are, then you may need a new heart afterall!!!

Am still expecting a response from @hercules on this comment that was a direct response to his...

hercules07: The projects will take a longer time but they will be done as they were being done.

I honestly don't know who is debating yr points on this thread with you??

Of course, this too wudn't get to d FP!!

taharqa: ^^^

Smoothest FRAUD in this country's history. Period...

[b]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 (at an average of #4.2billion annually according to results from Survey conducted by the Concessionaire in 2011). 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. And, WAIT for it: LASG also intends borrowing #87.7bn by 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 (which was considered even too expensive at this figure then)!!! 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!!![/b].

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?

http://www.tellng.com/business/question-over-lekki-concession-buy-back

http://allafrica.com/stories/201308300319.html

#sorry, the total amount that wud eventuali be spent is more than #130bn, and not even the #103bn I initiali thought: #15bn to 'buy back' d FAILED Concession; #6.8bn and #3.5bn to pay the Debts incurred by the FAILED Concessionaire; #5bn initiali paid by d LASG to d Concessionaire at d start of d project; and of course, d #87.7bn the LASG wud borrow tru placing Bonds to 'complete' d road. Adding all these, plus the monies the Concessionaires have collected since 2011 as Tolls, shld begin to give d fuller extent of d amount involved in this Fraud!!!....

Oh! Shiit: I also forgot to add d #35bn d Concessionaires said they already spent on the largely unfinished road. Adding everything will lead to a total of bw #170- #180bn spent on a 49km Road.

I feel SICK in the stomach right now

adconline: I sense that Lekki Epe contractors : Hitech, LCC and ARM are about to be rewarded handsomely for a job not done. Here is your check, thank for not trying. Only in Naija!

Not just rewarded for FAILING at the Concession by been paid for nothing tru a dubious 'buy back policy' (when they shld be d ones paying d State), BUT d LASG wud even pay the DEBTS these Concessionaires incurred while failing at their job (even after these same Concessionaires collected Toll fees from Lagosians for 2 yrs). IMAGINE that!!! I have NEVER heard of such arrangement anywhere else in then world!! Whenever I just let myself think about d Depth and Brazenness of this Audacious Scheme perpetuated by a Govt, it is as though every atom of my being is set on fire; and what is worse, when I think of d 'CONSPIRACY OF SILENCE' and HYPOCRISY that have followed this by most Nigerians, esp d plenty Emergency 'Activists' and Voltrons who make lots of NOISE over far lesser Crime, I feel so SICK in the stomach...... If you wud hv noticed I hv barely commented on NL for about 2 days cos a MOD (or maybe MODS) CENSORED my comments on this topic by removing them on another thread that was talking about corruption and in which I had to insert this topic cos d MODS/Administrators have refused to bring any thread exposing this Fraud to the Frontpage (this is like d 8th thread talking about this and I can assure you it wud NEVER mk d FP). At that moment I realised I was been censored and my comments on this been removed, I honestly HATED NL and just cud not bring myself to comment on anything else since. This topic is where I had practicali commented on since yterday's night when I saw it...

Delafruita: [b]if your brain was functioning properly,you would have realised that the badagry expressway is a federal road which lagos state government should ordinarily not be concerned with.but then the LASG decides to do the road and since the scope of the project is so large,it cant be budgetted for based on IGR and allocation.the LASG then decides to take a world bank loan to do a road which ordinarily should have been the duty of the federal government.an agreement was reached with the yar'adua administration as to what part the FG will play.they dilly dallied for a while and even at a point tried to stop the project.then the first tranche was released.when it was time to release the second tranche,iweala started to blow plenty grammar.i can still remember that fashola addressed multiple press conferences and even went to the national assembly to try to implore FG to honour their part all to no avail.then the state government sought alternative source of revenue and the project copntinued only for the FG to now wake up from slumber after 8months to say they are ready to do their part.if not that the retardeen doesnt know his priorities,shouldnt that road be his administration's priority?thats the entry point fron west africa and the road is an eyesore.fashola decides to take it on and they still try to frustrate the project[/b].why do you think there have been numerous adjustments on when the first phase will be concluded?

You seem to have an obsession with fashola.you probably see him in your dreams

In other words: these projects would NEVER see the light of the day IF the FG does not GUARANTEE the Loans.

Exactly!! That was exactly what I said. So no need for all those plenty, largely meaningless Grammar. Afterall, Nobody is arguing whether the Projects were important Or not

hercules07: I have responded to the topic, the FG is not doing Lagos a favour, on the Lekki Epe Expressway, let the FG using the EFCC, IG, SSS and any other law enforcement agents arrest all those involved in the deals and charge them to court, afterall, if they are guilty, the money is coming back to Lagos state and will be used to the benefit of all, while we are at it, can you please tell us how much has been expended on the Lagos - Ibadan expressway?

The FG would spend an average of #1billion per Km on the Lagos-Ibadan Rd, similar to the initial amount of this Lekki-Epe Rd- both of which are still too Expensive relative to other Climes in the world (Nigeria usually has one of the most Expensive Road Construction Cost in the world, unfortunately).

BUT, apart from the HUMONGOUS Corruption involved in the Scheme that is Lekki-Epe Concessioning/unConcessioning, the LASG and Concessionaire would eventually spend bw #170-#180billion to construct a 49km road (ie at #3-#4billion per Km) ie 3 to 4 times what wud be spent on d already expensive Lagos-Ibadan Rd; and, to make matters worse, same Lagosians who having paid this UNBELIEVABLE sum to construct the road, would still have to pay through their noses for toll fees from at least 3 Toll Gates on that relatively short road!! And by the results of the Survey conducted by the 'former' Concessionaires, just ONE of these Toll booths would generate an average of #4.2billion Annually.

If your heart doesn't severely pricck you on reading all these regardless of what your persuasions are, then you may need a new heart afterall!!!

hercules07: Please stop this nonsense, is the loan free, Lagos has made other arrangements and the FG is just trying to save face, Lagos is credible when it comes to paying its debt, why does Jonathan not go after the Lagos state government if he believes Fashola is stealing afterall, Tinubu is a civilian who is not protected by any immunity. We should thank the FG for being petty, the enron project that Lagos continues to have its money deducted despite the FG not sticking to the agreement is still there, FG roads in Lagos that have been rehabilitated, confirmed by the incompetent FG have not had their money reimbursed, Yar Adua was slow but listen to what Fashola had to say on the Ikoyi Lekki bridge and how he went out of his way to make that happen, that is what we call leadership, not the petty nonsense that GEJ and his cohorts are doing.

Plz, SHUT UP Or respond to the points I raised in that comment you quoted. I usuali do not debate SENTIMENTS...

#sorry

Delafruita: That money should have been released in february but the FG withdrew as GUARANTORS citing excessive borrowing or some other jargons.that led to the slow pace of work on the badagry expressway and the lightrail project for which was the reason for the loan in the first place.thankfully,FG has regained its senses and the project can gather more steam

FG as GUARANTOR! You do know what that means, right?? GUARANTOR: meaning d FG wud eventuali pay the loan if there is any default and LASG decides or is unable to pay ie d World Bank wud ultimately hold d FG responsible. In other words, without d GUARANTEE from d FG (from this President), the World Bank wud refuse to release d money and these projects (Lagos Light Rail, Badagry Expressway, Gbagada General Hospital, etc) wud NEVER see d light of d day!!! Later when these projects are completed sm people wud be shouting 'Eko oni baje' and even trying to insult d President!.

By d way, what does d LASG do with d over #20billion every month sef?? Borrow here, borrow there; Borrow borrow. They also plan to borrow another #87billion by raising Bonds in other to complete that FRAUD that is Lekki-Epe Express Rd, and ie after paying about #23billion to 'buy back' d road from a FAILED Concessionaire that shld ordinarily be the ones paying d State Govt for failing d terms of its contract (in other words, a total of #103 wud eventuali be spent by the LASG to construct a less than 50km road that shld never hv bn up to #50billion, making it at #3- #4billion per Km by far the MOST EXPENSIVE of such constructions anywhere in the world- MOST of which wud be borrowed)...

#EKO ONI BAJE O

HNosegbe: Please can anyone explain to me why the thread on the Lekki Toll buy-back (https://www.nairaland.com/1487441/lekki-toll-road-buy-back.......my) is yet to hit front page?

Not only have this thread not made FP (and this is like d 6th thread on this fraud that hv received same treatment), sm MODS hv HIDDEN my comments and links on this issue that I hv posted on other threads that had to do with corruption. I hv been on NL for sm time now and hv NEVER seen this sort of CENSORESHIP on any issue than this particular issue. NEVER. And this kind of answer a lot of questns about this forum I hv be having for sm time

Jamey Maxwell: I smell Conspiracy

redsun: This is exactly how the nazis started.They were allowed to run freely with their hate in what was suppose to be democratic germany and before the normal germans and the world realized it,they have imposed their evil agenda legitimately.

God bless you......