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Tag: loan conversion

  • Lagos Assembly clarifies approval of $53.9m LCC loan conversion

    Lagos Assembly clarifies approval of $53.9m LCC loan conversion

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    by

    Our Reporter
    in

    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 Chairman House Committee on Finance, Mr Rotimi Olowo (Shomolu Constituency 1), made the clarification in Lagos on Thursday.Our correspondent reports that the House committee had during…