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Lagos govt. begins full implementation of cashless toll

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.

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#Obidiatti23 rally can't hold at Lekki Toll Gate – Court rules – Nigerian Observer

#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.

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Lekki toll used to service debt, others, says LCC


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. ....

Lagos State , Gbenga Omotoso , Yomi Omomuwasan , Veronica Jacob , Communication Of Lekki Concession Company Ltd , Larue Projects Company Ltd , Tech Construction Ltd , Lekki Concession Company , Lekki Concession Company Ltd , African Infrastructure Investment Fund , Resources Management Company Ltd , Managing Director , Lagos State Commissioner , Concession Company Ltd , Admiralty Circle Toll Plaza , Eti Osa Lekki Epe Expressway , Hi Tech Construction , Public Private Partnership , Toll Plaza , Lekki Toll , லாகோஸ் நிலை , வெரோனிகா ஜாகோப் , லார் ப்ராஜெக்ட்ஸ் நிறுவனம் லிமிடெட் , தொழில்நுட்பம் கட்டுமானம் லிமிடெட் , வளங்கள் மேலாண்மை நிறுவனம் லிமிடெட் , நிர்வகித்தல் இயக்குனர் ,