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Opinion: Time To Overhaul Lekki Concession Company-Michael Effiong

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By Michael Effiong

If you live in Lagos and commute around Nigeria’s commercial capital, and have any business around the Lekki-Epe axis, chances are that you would have encountered the Lekki Concession Company (LCC).

The company, which is now publicly owned, has become a huge uncontrollable monster with no modicum of respect for the very people it is supposed to serve-and is attracting very negative vibes for the present government.

Before going on to outline my angst against LCC, it will be necessary to take us down memory to the very beginning, could it be that the circumstances of its birth had led to its present show of impunity and “I don’t Care attitude”?

Established in 2006, the Lekki Concession Company began as a Special Purpose Vehicle set up to execute the Lekki Toll Road Concession Project. The Project was a Public Private Partnership (PPP) scheme and used the Build-Operate-Transfer (BOT). The Concession was for a period of 30 years.

Conceived during the Tinubu administration, it was hailed as the best thing to happen to Lagos after the Third Mainland Bridge, it was applauded as innovative and well thought out. The government got kudos for the gigantic effort to modernize the Lekki-Epe area with our own equivalent of the German autobahn.

The original stretch of road was made up of two lanes and was tarred by the Lateef Jakande administration and so this was an initiative meant at improving that impressive job by the action governor.

To begin the execution of the project, funding came from different sources including a $85million concessionary loan from African Development Bank. This loan gave the impression that LCC had enough money to complete the whole stretch plus the alternative routes that formed a part of the project’s originally- approved design. The company had indicated that it would toll the road from Kilometre 3, Kilometre 13 and Kilometre 23.

Lagosians were enthusiastic and cared less about the tolling as far as the project is completed and they can drive smoothly on well-paved expressway from Victoria-Island to Epe.

The enthusiasm of having such a fantastic road was really high and I remember having a chat with then Managing Director/Chief Executive Officer of LCC, Mr Opuiyo Oforiokuma on a Lagos-Accra flight. With a smile on his face, he told me that this expressway would add value to that corridor as well as enhance economic development and productivity. “Lagosians should be patient, they will thank us years later for the work we are doing there”, the urbane gentleman stated and I had no reason to doubt his confidence.

I want to say that Lagosians have been very patient with LCC for the past 14 years. Contrary to what was proposed and despite not working at the speed expected, LCC has been collecting toll. It also did not do much in the area of alternative routes.

Therefore, all road users going to Lekki from Victoria Island or residents of local communities along that corridor intending to to go to Epe or Victoria Island have no choice but to pass through this route and pay the toll.

In not time without much work, LCC decided to build another toll plaza just before Oluwanisola Estate, the impressive home of famous industrialist, Chief Rasak Okoya and begun a test run in preparation for the beginning of another tolling spree before vociferous protests stopped that misadventure, since then, it has not had the gumption to attempt it again

As if it did not have its hands full, in 2013, Governor Babatunde Fashola added the lovely Lekki-Ikoyi Link Bridge,a 1.36 km cable-stayed bridge to the already juicy pot of soup enjoyed by LCC. It now had bigger responsibility and making money from two fronts.

Buoyed by this monopoly and deeming itself as now untouchable, LCC forgot its responsibilities completely. The road was not being worked on at the speed expected for a private enterprise. It was in the midst of this inaction that we woke up one fine morning to be told that the Lagos State Government was buying back the LCC stake for N7.5billion.

Governor Fashola had sent a letter to the Speaker, Rt Hon. Adeyemi Ikuforiji for a further amendment to the year’s budget, this he said is “Predicated on the need to fund the acquisition and existing concession rights and toll revenue benefits held by the Lekki Concession Company, the Concessionaire for the Eti-Osa-lekki-Epe Expressway. This will effectively accelerate the transfer of the ownership of the road to the state, leaving the state with wider policy options with regards to that all important road”. Of course there was furore in town.

In a statement signed by Ade Ipaye and Ayo Gbeleyi, Commissioners for Justice and Finance respectively, the state government said that it had engaged in buying back of the concession rights ahead of the 30-year period stipulated in the Design, Build, Operate and Transfer (DBOT) Concession Agreement. This, according to the state government, is to be achieved by purchasing all the shares in LCC.

The State Government stated that its decision to “buy back” the concession rights was due to several developments not envisaged in the 2006 Concession Agreement.

According to the statement, with the devaluation of the Naira and increased costs of construction, the underlying assumptions and market indicators under which the transaction was concluded had drastically changed in a manner that it can no longer be sustained in its current form.

“The LCC, which is the special purpose vehicle representing the investors, formally brought it to the attention of the State Government that given the rapid rise in interest rates on local loans, and other cost parameters, it is compelled to raise tolls currently being charged at Toll Plaza One from N120.00 to N144.00 per Car.

“The Concessionaire also brought it to the attention of the State Government, that as provided for under the agreement, tolling would have to commence at Toll Plaza Two.

“In addition, the Concessionaire indicated that unless it realised more income from increased rates at Toll Plaza One and commence tolling at the same rate per Car at Toll Plaza Two, it would not be able to meet its commitments to investors in the project and continue to fund completion of the remaining sections of the road.

“Furthermore, the LCC stated that Toll Plaza Three, as contained in the Agreement, must be built and tolls collected for the continued viability of the project.”

The Lagos State Government said that it felt obliged to buy out the interests of the LCC in advance of the hand-over date of 2038 under a mutual settlement option also expressly provided for in the Concession Agreement.

“This is after due consultation with all major stakeholders including the Lagos State House of Assembly based on various feedback and agitation made to the Government,” the statement said.

“Contrary to the misleading reports by some sections of the media on Wednesday, August 27, 2013 from the State House of Assembly’s consideration and approval of the 2013 Supplementary Budget, the buy-back is not and does not amount to a ‘termination’ or ‘cancellation’ of the concession of Eti-Osa, Lekki-Epe Expressway.

“The significance of the buy-back, for which the State Government deserves commendation, is that it allows the Government to take full control over the determination of the toll rates in order to continue to make it affordable for road users.

“The LCC shall therefore continue to operate as a fully commercial entity for the benefit of taxpayers and the larger society,” the commissioner said.

Now, take another look at the some lines of this statement, LCC was grumbling about not collecting additional toll, imagine! Anyway, the Lagos State government said “it will operate the new LCC for the benefit of the taxpayers and the larger society”- and this is the crux of the matter and the reason for this my epistle.

Has LCC since that buy back been working in the interest of the people? I have my doubts, without breaking a sweat, I will say a capital No. Its activities to say the least has been anti-people.

LCC, for example, has completely abandoned the idea of extending the road, it is languishing around Ajah presently. Companies and commuters are groaning over loss of man hours and revenue.

Today, plying that part of Lagos is nightmarish. It is at your own risk. Many sections along the road have collapsed. In deed, it is a complete embarrassment, it is a huge insult to add the word “express” to that road, it has become that bad and people now derisively refer to it “Lekki-Epe Slowpress Road”

God help you if you are caught on that stretch of road on a rainy day, be ready to have your breakfast, lunch and if care is not taken, dinner enroute your destination.

A friend who was so unfortunate to experience LCC’s idea of an expressway wrote on facebook that his SUV (Sport Utility Vehicle) was disgraced that day by the rain and the gullies, and I jocularly wrote that next time, he should ensure he rides in an HUV (Heavy Utility Vehicle). It was a joke, but for those who go through this nightmare everyday, it is not a joking matter at all.

As if that is not torture enough, on the Lekki-Ikoyi Bridge, LCC’s incompetence is rearing its ugly head again.

 

As if that is not torture enough, on the Lekki-Ikoyi Bridge, LCC’s incompetence is rearing its ugly head again.

We all know that the government has ordered that no cash payment would be accepted on that bridge currently, maybe, for the sake of probity, which is a good thing, but some people are hell bent on frustrating or should I say sabotaging that noble effort by Governor Sanwo-Olu

Can you imagine that I have been trying for over a week to use the LCC webportal to register and purchase the required toll pass to ply the bridge?

 All I have seen written on the page www.lcc.com.ng is “We’ll be right back. Our site is undergoing scheduled maintenance. It won’t take long we promise. Come back and visit us in few days”.

LCC’s “few days” has turned into weeks, and waiting for the LCC site to function has become like waiting for Godot, that fictional character in Samuel Beckett’s famous play.

If not for impunity, how will such a website experience so long a downtime and the company had not deemed it fit to issue a statement, a clear lack of empathy for its clients.

How long does it take to fix such an important website? They simply do not care! In case the top shots at LCC have forgotten, it is a publicly-owned company, this kind of lackadaisical attitude is unacceptable.

I believe it is time for Governor Sanwo-Olu to reevaluate and overhaul the operations of the LCC, that monster must be tamed and whipped into shape before it throws a huge blot on his sterling record. We now pay higher tariff but get lower service,  that is not the kind of legacy this government wants to be remembered for.

In the same vein, Mr. Governor should also revisit the issue of the Coastal Road that has been on the drawing board for years now. The alignment of the proposed road has been mapped out, property owners affected have been notified and many have been refused planning approval to ensure they do not obstruct this project. Perhaps if there are more alternatives to the Lekki-Epe Expressway, LCC will not threat its clients and commuters like thrash.

Finally, it is a good thing that Mr Governor has taken a bold step regarding construction of the Regional Road, which is also key in terms of the traffic congestion and movement around that axis, kudos to him, but it is obvious that he still has many rivers to cross.

Michael Effiong, a Lagos-based journalist, is Editor of Ovation International magazine

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2027: Obi Warns Against Rigging, Urges Voters to Be Vigilant

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A former Governor of Anambra State, Peter Obi, has issued a stern warning to election officials and stakeholders, urging Nigerians to ensure that every vote counts in the 2027 general election.

Obi stressed that anyone who attempts to manipulate or obstruct the counting of votes will be held accountable for undermining the country’s democracy.

“Unlike in the past, in 2027 our votes MUST count, and all those who are there not to count the votes will be counted among those destroying Nigeria,” he wrote on X on Monday, February 16, 2026.

Obi, who has declared that he will contest the 2027 presidential election, advised voters to stay at polling units after casting their ballots to observe the counting and transmission of results, emphasising that preventing the proper tallying of votes would attract legal consequences.

The former Labour Party presidential candidate said: “I encourage everyone to remain at the polling units after voting to count and witness the counting and transmission of results. Those who refuse to allow the votes count will be made to count the full weight of the law against rigging.

“Let me reiterate: if you do not count our votes, we will count you among those who destroy our democracy, thereby destroying our future, and you must answer to the law.”

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APC National Secretary Basiru Demands Wike’s Resignation As FCT Minister

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The National Secretary of All Progressives Congress (APC), Senator Ajibola Basiru, has called on the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to resign from President Bola Tinubu’s cabinet, accusing him of undue interference in the ruling party’s internal affairs.

Basiru’s demand followed Wike’s warning earlier on Monday, in which the former Rivers State governor cautioned the APC scribe to “leave Rivers State alone” and refrain from meddling in its politics. Wike, while addressing supporters during a thank-you visit to Oyigbo Local Government Area of Rivers State, described Rivers as a “no-go area,” warning that those who interfere “may burn their hands.”

But, responding to the FCT Minister’s warning in a statement issued from Osogbo, Osun State, Senator Basiru fired back, describing Wike’s remarks as a “tirade” and “uncouth.”

“My attention has been drawn to the tirade of the Minister of the FCT against my person and my office as National Secretary of the APC,” Basiru said. “It is shocking that such an innocuous statement could elicit such uncouth responses from no less than a member of the Federal Executive Council.”

The APC National Secretary defended his earlier remarks, insisting he merely reaffirmed that governors, regardless of political differences, deserve respect as leaders of the party in their respective states.

“For the avoidance of doubt, our records indicate that Minister Nyesom Wike is not a member of our party, the APC. He therefore lacks the locus to dabble into the affairs of our party,” he declared.

“As National Secretary of the APC, I am imbued with the responsibility to protect the interests of the party and all its members. My activities cannot be confined to my home state, Osun State.”

Basiru also dismissed Wike’s allegation that he and other APC leaders were scrambling for a N600 billion “largesse” in Rivers State’s coffers, describing it as “cheap blackmail.”

“My background and track record are of unquestionable integrity,” Basiru stated. “I challenge him to prove his allegations or we may meet in court.”

The APC chieftain further warned Wike against issuing threats, saying he would not be intimidated.

“Wike is not God and may be overplaying his political card,” Basiru cautioned. “My faith is in God, and I will not succumb to cheap threats such as the one from him.”

He maintained that Wike’s support for President Tinubu does not make him an APC member.

“Millions of non-APC Nigerians also support the President, and Wike’s case is no different,” Basiru said. “He cannot bring the spirit of the PDP into the APC or destabilize our structures in Rivers State.”

Concluding his statement, Basiru said Wike must make a choice between serving as a non-party technocrat or interfering in APC matters.

“He cannot be in the Federal Executive Council of an APC government and be causing confusion within our party. The honourable thing to do is to resign his appointment as Minister,” he declared.

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Alleged N432bn Fraud: El-Rufai Spends Monday Night in EFCC Custody

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Former Kaduna State Governor, Nasir El-Rufai, spent Monday night in the custody of the EFCC following hours of interrogation over alleged financial misappropriation amounting to N432 billion.

El-Rufai arrived at the EFCC headquarters in Jabi, Abuja, around 11:00 a.m. on Monday, February 16, 2026, in response to an invitation reportedly issued in December.

Although he presented himself voluntarily, sources within the anti-graft agency disclosed late Monday that he would remain in custody until investigators reached what they described as “advanced stages” of their questioning.

The probe is said to stem from a 2024 report by the Kaduna State House of Assembly, which accused El-Rufai’s administration between 2015 and 2023 of diverting public funds through multiple state channels.

A senior EFCC official confirmed that investigators are reviewing contracts and financial transactions executed during his eight-year tenure.

Tension flared at the EFCC premises as hundreds of supporters and critics gathered shortly after news of his appearance broke.

Supporters accused the Federal Government of political persecution, chanting solidarity slogans, while a group identified as the Mega National Movement for Good Governance demanded accountability, insisting that no public official is above the law.

Security operatives deployed teargas to disperse the crowd after clashes reportedly broke out between the opposing groups.

In a related development, the Department of State Services (DSS) filed a three-count charge against El-Rufai at the Federal High Court in Abuja.

The charges, marked FHC/ABJ/CR/99/2026, reportedly concern the alleged unlawful interception of telephone communications belonging to the National Security Adviser, Nuhu Ribadu.

The filing followed a recent interview in which the former governor claimed he had listened to conversations in which Ribadu allegedly directed security operatives to arrest him upon his return from Egypt last week.

El-Rufai’s legal team, led by Ubong Akpan, has described the investigations as arbitrary and a violation of his constitutional rights.

Meanwhile, indications emerged that the Independent Corrupt Practices Commission (ICPC) has also scheduled him for questioning on Wednesday, February 18.

As of Tuesday morning, it remained unclear whether the EFCC would seek a court order to extend his detention or proceed with formal charges. Several of his former aides are reportedly already in custody as investigations continue.

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