We only approved Sanwo-Olu’s request to convert the $53.9 million LCC private loan to a public sector loan-Lagos House of Assembly

The Lagos House of Assembly says it only approved Gov. Babajide Sanwo-Olu’s request to convert the $53.9 million Lagos Concession Company (LCC) private loan to a public sector loan.

The clarification was made by the  Chairman House Committee on Finance, Rotimi Olowo (Shomolu Constituency 1), in Lagos yesterday.

Recall that it was earlier reported  that the House committee had during plenary on Aug. 5 presented a report approving full takeover of ownership of Lekki Concession Company (LCC) by the state government.

However, the Commissioner for Information, Gbenga Omotosho, has  debunked the report, saying that the request by the governor was not to takeover LCC since it had already been done in 2014.

CC VANGUARD

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