LCC: ‘We don’t know how much we make from Lekki tollgate’
The MD of Lekki Concession Company, Yomi Omomuwasan, has said he does not know how much the company make per month.
In an interview with Nigerian Info FM 99.3, Omomuwasan was asked how much the Lekki Toll Gate makes in a month.
Responding to the question asked by interviewer, Sandra Ezekwesili, he said that he doesn’t know much the company makes.
When asked how much the company makes from the Lekki tollgate plazas monthly, the MD said, “We don’t have a figure to that.”
‘We don’t know how much we make per month’ – MD, Lekki Concession Company, Yomi Omomuwasan tells @SEzekwesili on Hard Facts.#LetsTalk! pic.twitter.com/kYyzQ4c1St
— Nigeria Info FM 99.3 (@NigeriainfoFM) February 18, 2021
Omomuwasan also said the closure of the plazas following the alleged killing of protesting youths at the tollgate in October 2020, cost the company over N2.5 billion.
The LCC had earlier maintained that the bulk of the earnings from the tolls is being used to repay loans incurred for the project from local and foreign lenders.
Corroborating this on Thursday, 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, Peoples Gazette report.
He further explained that the outstanding debt liability from the local lenders as of January 31, 2021, was around N11.6 billion, and from foreign lenders, $31.1 million (USD).
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