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LCC Explains Reason for Lekki Toll Review

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By Dipo Olowookere

The management of Lekki Concession Company Limited (LCC) has explained why it upwardly reviewed tolls on roads it maintains in Lagos.

The firm also thanked Lagosians, especially motorists for the level of compliance in the February 1, 2018 implementation of the toll review by the firm at the Admiralty Circle Plaza and the Lekki-Ikoyi Link Bridge Plaza.

At a media parley to update the public on developments around the toll review, Managing Director of LCC, Mr Mohammed Mubashiru Hassan, informed journalists that the toll review was a socio-economic decision made at the right time to avoid yearly increments.

Mr Hassan said the toll review was mooted a few years ago but had to go through the due process of consultations.

“The compliance level is satisfactory. If there is no compliance, by now, you would have noticed dissenting activities. We are, however, in a democratic government; there is right of choice for those who are willing to pay and those who don’t want to pay.

“In November 2017, we made an attempt to carry out the review but the Lagos State Governor, Mr Akinwunmi Ambode, directed LCC to carry out further consultations with stakeholders in the Eti-Osa/Lekki-Epe corridor which we have since done.

“We cannot but attribute this high level of compliance and understanding by motorists to the advice and support we received from the media, Eti-Osa/Lekki-Epe Indigenes and Residents, National Union of Road and Transport Workers (NURTW), Traditional Rulers and Youth Organizations as well community development Associations and civil society groups,” Mr Hassan revealed.

While engaging the media on alternative routes for motorists who are not  willing to pay the new tariff, Mr Hassan encouraged motorists to sign up for the electronic tags (e-Tag), which provides quick access through both toll plazas.

He also said e-Tag users are entitled to 10% discount, which can increase to as much as 50% discount depending on the frequency of passage. He corrected the misconception that the e-Tags were designed for the elites of the society, pointing out that a lot of commercial buses (popularly called ‘Danfo’), corporate and private vehicles use the e-tag for easy passage through the toll plazas. Furthermore, owners of several vehicles can secure a single e-Tag account for their vehicles so as to fund it centrally and monitor the movement of their vehicles through the toll plazas. Occasional road users can also register for the e-Tag as the funds paid into the account does not expire at any time until used.

To register for the e-Tag, the motorist is required to provide the vehicle license, proof of ownership and any valid identity card. He also reiterated that the eTag, once acquired can be used in any of the lanes at the plazas.

The LCC Managing Director apologized for the traffic congestion experienced by motorist at the toll plazas on the first day. It is important to note that concerted efforts have been put in place to reduce and checkmate possible heavy traffic congestions in future.

He further assured the public that his organization was poised to continue the development of the Lekki axis.

“The Ajah flyover has been completed and we have the intention of rehabilitating the road up to Eleko Beach so that the benefits seen in the Lekki area can be extended further along the axis. Possibly, it may spill over to Epe which already has a six-lane road,” he said.

Lekki Concession Company Limited has managed operations of the Eti-Osa/Lekki-Epe Expressway for the past 10 years despite the yearly increase of the cost of operations and the rate of inflation. In

addition, LCC provides various other services to road users free of charge, especially as it relates to their convenience such as the 24/7 free vehicle breakdown and recovery services by the Company’s Route and Incident Management team; LCC dedicated Police team to ensure safety and security of road users; the Toll free Customer Service helpline and other services.

Over 100,000 road users have benefited from the free service of the Route and Incident Management team since inception.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Tinubu in UAE for 2025 Abu Dhabi Sustainability Week

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Bola Tinubu 2027 presidential election

By Modupe Gbadeyanka

President Bola Tinubu on Saturday, January 11, 2025, left the shores of Nigeria for the United Arab Emirates to take part in the 2025 Abu Dhabi Sustainability Week (ADSW 2025).

He was accompanied by the Minister of Foreign Affairs, Mr Yusuf Tuggar, and other senior government officials.

A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that Mr Tinubu was invited for the event by his UAE counterpart, Mr Mohamed bin Zayed Al Nahyan.

He will attend the programme starting from today, Sunday, January 12 to Saturday, January 18, 2025.

However, President Tinubu is expected to return to Nigeria before the end of the summit on Thursday, January 16, 2025.

The event, themed The Nexus of Next; Supercharging Sustainable Progress, is expected to bring together global leaders to accelerate sustainable development and advance socioeconomic progress.

In addition, it will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.

ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.

It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.

At the event, President Tinubu will stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.

The Nigerian leader and his entourage will also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.

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Lagos Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement

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mudashiru obasa

By Dipo Olowookere

The Speaker of the Lagos State House of ​Assembly, Mr Mudashiru Obasa, remains at the centre of a storm of corruption allegations that have plagued his tenure.

Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.

Recent reports by People’s Gazette revealed that the 40-member Lagos State House of Assembly, under Mr Obasa’s leadership, spent over N43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024.

This expenditure, part of a larger N90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.

Budget documents showed the Assembly spent about N30.1 billion on vehicles in 2023 and about N13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly N1.1 billion per lawmaker, were frivolous.

Mr Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that the lawmaker conducted suspicious foreign exchange transactions totaling $2.4 million (N1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.

In October 2020, the Economic and Financial Crimes Commission (EFCC) invited the Speaker for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.

Mr Obasa has consistently denied these allegations. Speaking at a recent plenary, he dismissed claims of spending N17 billion on constructing a gate as “spurious and funny.”

He also refuted allegations of spending N200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.

However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Mr Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.

Prominent anti-corruption campaigner, Mr Olanrewaju Suraju, has urged the EFCC to act on the mounting evidence against Mr Obasa, warning that his actions undermine legislative independence and public trust.

“These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Mr Suraju said.

Despite the scandals, Mr Obasa appears unperturbed and untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity.

As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.

Observers now await further developments as pressure mounts on anti-graft agencies to act decisively.

For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.

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Nigeria Suffers First National Grid Collapse of 2025

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By Modupe Gbadeyanka

Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.

It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.

Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.

It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.

This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.

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