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How Senator Olamilekan Helped Revoked LITFC concession

Facts are beginning to emerge as to how Senator Adeola Solomon Olamilekan, the Chairman, Senate Adhoc Committee on alleged misuse, under remittance and other fraudulent activities in collection, accounting, remittance of IGR by revenue agencies, played an active role in the takeover of the Lagos International Trade Fair Complex (LITFC) by his committee.

Senator Olamilekan who is better known as Yayi and who represents Lagos West Senatorial District at the senate was said to have ambushed the director general of BPE, Lagos International Trade Fair Complex Executive Director, Mrs, Lucy Ajayi, the inspector general of police, and the DG of DSS to explain why the complex was not taken from the concessionaire, Mr. Nicholas Eze of Aulic Nigeria Limited whose concession agreement was revoked in August 2017.

It will be recalled that the former concessionaire refused to remit a dime into the coffers of the government since the concession was signed in 2008.

According to Mrs. Ajayi, who is the new executive director/chief executive officer of LITFC, Aulic was owing the government N6.5 billion being lease fees since 2008 till August 2017 when the concession agreement was terminated.

She applauded Senator Olamilekan and members of his committee for using their good offices to ensure that the complex was taken over using the IGP to eject Aulic out of the complex two months after the concession was terminated following its refusal to hand over to the new ED/CEO as directed in the letter of termination of the concession.

She also thanked the Vice President, Prof. Yemi Osinbajo, who as the chairman of National COUNCIL for Privatization (NCP) for cancelling the concession agreement over breach of lease agreement and Senator Olamilekan for letting the LITFC and its stakeholders off the grips of Aulic.

“We are really grateful,” she said at a press conference organized recently to intimate the world that a new management headed by her has taken over the affairs of the complex which houses the popular ASPAMDA and other shops.

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