Lagos govt begins full implementation of cashless toll quicknews-africa.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from quicknews-africa.net Daily Mail and Mail on Sunday newspapers.
A Federal High Court in Lagos on Wednesday ordered Labour Party (LP) and its supporters not to converge at the Lekki Toll Gate in furtherance of its planned #Obidatti23 Rally scheduled for Oct. 1.
#Obidiatti23 rally can t hold at Lekki Toll Gate – Court rules – Nigerian Observer nigerianobservernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nigerianobservernews.com Daily Mail and Mail on Sunday newspapers.
Urges protesters to allow plaza operate
Lekki Concession Company Ltd (LCC) has debunked social media claim that Admiralty Circle Toll Plaza is a cash cow, stating that the bulk of the earnings is being used to repay loan incurred for the project from local and foreign lenders.
Managing Director of LCC, Yomi Omomuwasan, who gave the explanation, in a statement, said the youths had been misled to believe that all the LCC does is collect toll, which has instigated them to shut down the plaza with their protest.
Omomuwasan said the “total loan balance” incurred by LCC for the project from local lenders stood at N23.9 billion, while that of foreign lenders (AfDB) stood at $49.6 million as of December 31, 2011.