"4. Thereafter, Tinubu's greed took control. He floated a company-Lekki Concession Company (LCC) to handle the project as a consortium and appointed a financial advisory company ARM as the financial adviser.
5. LCC immediately asked for 1,000 hectares of prime land as the contribution of the state government to the project. This was immediately granted by Tinubu and he released the c of o within weeks for 1,000 hectares of prime at Awoyaya, Abijo, Eputu and Sapati all in Ibeju-Lekki Local Government Area. Part of the land is now being developed as ADIVA housing and golf course project by ARM
6. The project was later jettisoned after obtaining the hectares of land and other payments from the state government and in its place; the rehabilitation of the existing Lekki expressway was adopted by the consortium. There is no basis for a toll road and 30 year concession arrangement for a mere rehabilitation and expansion of an existing road which the government could afford on its own.
7. Indeed, the Federal Government under President Olusegun Obasanjo wrote to Governor Tinubu in 2006, offering to construct the coastal road free of charge to Lagos and its people from the Lekki Free Trade Zone to Ahmadu Bello Way in VI. He also sent a letter of commitment written by a Chinese construction firm to that effect. Governor Tinubu firmly rejected this offer and instead opted to abandon the coastal road project which the concession was initially meant for and instead signed a 30 year concession for a toll road to his company.
8. The rehabilitation work commenced in late 2006 with the expansion and rehabilitation of the Ozumba Mbadiwe end to Mobil building and the 49.4km main Lekki road rehabilitation started in 2007 shortly after Fashola became Governor
9. By this time, Fashola's crony-Dr Tunji Olowolafe was made chairman of LCC and the entire contract was awarded to HITECH. HITECH is owned by both the Chagouris and former Gov Bola Tinubu who is the Chairman
10. LCC was given a 30 year concession (note that all their concessions are usually 30 years) with no competitive bid, no competing quote and no professional evaluation. The whole thing was packaged by Tinubu and executed by Fashola for their own selfish interest.
11. To further confirm this, Tinubu has built a multi-billion naira state of the art hotel-the Oriental Hotel along the express road. Conveniently, the toll gate is located a few meters before the hotel coming from VI so that the hotel clients wouldn't have to pay toll. Even, special entry and exit points (including a roundabout) have been constructed for the hotel and the multi-level car park beside it (also owned by Tinubu) by the construction company using tax/toll payers' money. Talk about creating a personal empire. One man owning an express road and a multi-billion naira hotel.
12. The 49.4km two-phased project is to cost an outrageous N50 billion which the innocent citizens and particularly the residents and indigenous communities of Lekki, Ajah, Epe and Ibeju areas will cough out over the next 30 years while Tinubu, Fashola, Olowolafe, the Chagouris and their other collaborators and their unborn generations will be smiling to the banks. A simple arithmetic shows that cost of construction averages N1billion per 1km. This did not include the 1,000 hectares of land and other costs already incurred by the Lagos state government. This must be the most expensive road anywhere in the world! Meanwhile, there will be 3 toll plazas in a 50km stretch!"
APC does not talk about the fraudulent empire built by Tinubu and Fashola. Justice is selective because change is coming. I do feel really bad for the millions of youths, an entire generation ruined by the criminals of APC and PDP. They genuinely seek change, but regardless of the outcome this year, they are screwed for four more years - and perhaps for eternity. Obasanjo, Tinubu et al are lucky. The children of Nigeria should be chasing after them chanting, "Iso abi tire?" Instead of bleating, "Sai Tinubu!" Which one consign me, I am not there, my children are not there. We are far away from the scene of the crime - like the families of our rulers and their side kick public intellectuals.
- Ikhide
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