#APC & TINUBU MAGICIAN Posers for Lagos over N25.3b road concession buyout plan • Residents fear fraud, exploitation through a disguise scheme. Fact file _____ • Project valuation: N50 billion • Total sum spent till date: N35 billion • Accumulated loan till date: N32 billion • Deposit by state government: N5 billion • Current concession life: 30 years (Nov. 2008 – October 2038) • Total realised since tolling regime till date: undisclosed • Buyout cost: N15 billion • Servicing of existing debt obligation: N6.8 billion • Third party liability: N3.5 billion • Total: N25.3 billion Tinubu/APC Magic is the only way ₦7.5Bn metamorphosed to ₦15Bn and then transmuted to ₦25.3Bn within One (1) Week. ngrguardiannews/national-news/131845-posers-for-lagos-over-n253b-road-concession-buyout-plan
Posted on: Tue, 10 Sep 2013 11:03:41 +0000
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