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Lagos approves restructuring of LC loan facility, saves over N10bn

Lagos approves restructuring of LC loan facility, saves over N10bn LAGOS State Executive Council has approved the restructuring of the Lekki Concession Company (LCC) Loan facility provided by local and international lenders.   Commissioner for Information and Strategy, Mr. Steve Ayorinde, disclosed this on Wednesday, saying that it had paid a total of N9.8billion in full and final settlement of LCC’s indebtedness to its international lender, which granted a 21.16 per cent haircut (reduction) to the state.   According to him, a sum of N3.15billion was saved as ...
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Added June 29, 2016
from Tribune News