Lagos Assembly approves full takeover of Lekki Concession Company | The Guardian Nigeria News - Nigeria and World News

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The Lagos House of Assembly has approved Gov. Babajide Sanwo-Olu’s request for the state to assume full ownership of Lekki Concession Company (LCC) Ltd, a privately owned company.

The House made the resolution to approve the governor’s request sequel to the presentation of the Committee on Finance report during plenary session in Lagos on Monday.

Olowo further said the original $53.9 million loan obligation from a private sector facility had been resolved after series of engagement between Africa Development Bank , the company and the state government. “The House, therefore, granted the executive the approval to convert the AFDB loan to the public sector loan backed up by sovereign Federal Government guarantee on behalf of the state government.

 

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During fashola regime such statements was made LCC still remain but we don't know the work of devil

They won't tell us how much they paid the former owner. Posterity will judge all these people.

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