- The Lekki Concession Company gives reasons for the reopening of Lekki tollgate.
- Omomuwasan said the company was owing debts in local and international banks.
The Lekki Concession Company (LCC) said the company needs to reopen the Lekki Tollgate to retain its staff and pay pending debts.
The LCC manager Yomi Omomuwasan, said this at a press conference in Lagos on Monday.
Mr. Omomuwasan said the company was owing debts in local and international banks to the tune of N11.5 billion and $31 million, respectively, as of 2020.
He said; “As of 2011, we had a balance of about 24 billion in naira owed to local banks and 49 million dollars owed to an international development bank,”.
“Through the operation of the toll progressively, payments are being made. It is on record, the company borrowed money, and we keep mentioning areas where people can verify.
“They are local banks, Nigerian banks, they have names and have records, there is no way a company can lie that we owe when they are not owing,”.
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The manager further said the company was severely affected by the COVID-19 pandemic and led to the inability to make payments during the period, which they had to explain to the banks.
Mr. Omomuwasan said it was not right for the LCC to be shut down forever following the #EndSARS protests and related events.
“There is nowhere in the world where an event happened at a place, and you close it forever,”.
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