Ooopppssss!!!!!, Davido tweets about being single again..

Less than two weeks ago, Davido showed off his girlfriend, a girl named Funmi Aboderin (pictured with him above and right) on his instagram page...but it seems that relationship is over because he's now talking heartbreak and being single again. See his Tweets after the cut...

 

Is this the act of being confused or the act of being with the wrong girlfriend ??? lol i think i can answer that #just kidding though#

Lagos State Govt buys back LCC's concession rights in Lekki-Epe Expressway

The Lagos State Government has announced its intention to buy back LCCs concession rights in the Eti-Osa Lekki-Epe Expressway. Find a press statement from the State Govt below..

The Lagos State Government wishes to state clearly that it has neither terminated nor cancelled the Concession Agreement it entered into with the Lekki Concession Company Limited (LCC) to reconstruct and expand the 49.36 km Eti-Osa Lekki-Epe Expressway.

To set the records straight, Lagos State Government is engaged in buying back the rights pertaining to the concession ahead of the 30-year period stipulated in the Design, Build, Operate and Transfer (DBOT) Concession Agreement. This is to be achieved by purchasing all the shares in LCC.

The State Government came to this decision to buy back the rights in the light of several developments clearly not envisaged in the 2006 Concession Agreement (which became effective in 2008) a few of which are highlighted below.

The project, given its pioneering nature, had some underlying assumptions and market indicators under which the transaction was concluded which have since drastically changed in a manner that it can no longer be sustained in its current form. Such include the devaluation of the Naira and costs of construction.

The LCC, which is the special purpose vehicle representing the investors, formally brought it to the attention of the State Government that given the rapid rise in interest rates on local loans, and other cost parameters, it is compelled to raise tolls currently being charged at Toll Plaza One from N120.00 toN144.00 per Car. 

The Concessionaire also brought it to the attention of the State Government, that as provided for under the agreement, tolling would have to commence at Toll Plaza Two.

In addition, the Concessionaire indicated that unless it realised more income from increased rates at Toll Plaza One and commence tolling at the same rate per Car at Toll Plaza Two, it would not be able to meet its commitments to investors in the project and continue to fund completion of the remaining sections of the road. 

Furthermore, the LCC stated that Toll Plaza Three, as contained in the Agreement, must be built and tolls collected for the continued viability of the project.

Under such circumstances, the Lagos State Government felt obliged to buy out the interests of the Concessionaire in advance of the hand-over date of 2038 under a mutual settlement option also expressly provided for in the Concession Agreement. This is after due consultation with all major stakeholders including the Lagos State House of Assembly based on various feedback and agitation made to the Government.

Contrary to the misleading reports by some sections of the media on Wednesday, August 27, 2013 from the State House of Assembly’s consideration and approval of the 2013 Supplementary Budget, the buy-back is not and does not amount to a “termination” or “cancellation” of the concession of Eti-Osa, Lekki-Epe Expressway.

The significance of the buy-back, for which the State Government deserves commendation, is that it allows the Government to take full control over the determination of the toll rates in order to continue to make it affordable for road users. The LCC shall therefore continue to operate as a fully commercial entity for the benefit of taxpayers and the larger society.

More importantly, it would also preserve the ability of the Government to complete and deliver the infrastructure by direct budget funding, which was also one of the reasons for the presentation of the Year 2013 Budget Re-Ordering to the State House of Assembly.

In addition LASG wishes to reaffirm its unflinching commitment to the adoption of PPP Model as a complementary policy thrust for the acceleration of infrastructure delivery towards improving the living standards of the populace. Lagos remains an investor friendly State that shall continue to ensure the sanctity of contracts, as in this case, in sustaining investors’ confidence in its investment climate as a preferred destination.

The general public is therefore enjoined to continue to cooperate with LCC's officials and operatives as it continues the expansion and construction works on the 49.36km Eti-Osa Lekki-Epe Expressway and the operations of the toll collection systems. LASG wishes you a safe and happy motoring experience on the modernised expressway with its associated free value added services such as 24/7 security patrol, vehicle break down recovery, ambulance services, amongst others.

Eko oni baje O!

Ayo Gbeleyi                                                              

Honourable Commissioner for Finance

Ade Ipaye
Honourable Attorney-General & Commissioner for Justice

Wednesday, 28 August 2013

Young Shall Grow Motor boss attacked in Festac, driver&escort killed

The CEO of The Young Shall Grow Motors, Chief Vincent Obianodo, was attacked by suspected assassins on Tuesday night August 27th on 22 Road in Festac Town, Lagos, killing his driver and police escort. He narrowly escaped death.

The multimillionaire businessman was returning home from work on Tuesday night when an SUV double-crossed his vehicle in a lonely area, and some armed men opened fire on Chief Obianodo's car. His orderly who attempted to fire back was killed, his driver who was trying to escape was also killed while Chief Obianodo was shot in the arm.

The shooting attracted the attention of some policemen on patrol in the area who rushed down to the scene and engaged the gunmen in a shoot out, killing two of them.

Chief Obianodo was rushed to the hospital where he is responding to treatment. The Lagos State Police Command spokesperson, Ngozi Braide, who confirmed the incident said it is under investigation.

Kris Jenner's talk show canceled

According to a report by Radar Online, Kris Jenner's talk show has been canceled due poor ratings

From Radaronline.com

Kris Jenner has been told by FOX executives that her six-week trial run at being a talk show host will be just that - it’s not coming back for a second run.

Kim K's mother was recently told, “There is no chance the talk show is going to get a green light from FOX. The ratings were averaging an abysmal 0.8 and advertisers were less than enthusiastic about it.”

“Kris did get a ratings bump for her last show when Kanye West revealed the first baby pic of daughter, North West, with Kim, but that was a one time shot in the arm and it wouldn’t be indicative of what the ratings trend would be,” the source close to the production told RadarOnline.com.

“It’s a very crowded market and Kris didn’t do anything to set herself apart from the field. Believe it or not, most of America doesn’t want to hear about the Kardashian’s for an hour everyday,” the source revealed

ANGELO PLEAD TO NAIJA ON BEHALF OF BEVERLY ON TWITTER

PLEASE NIGERIAN YOU HAVE SEEN IT ALL LET THE GIRL BE SHE IS NOT PERFECT NONE OF US IS HER NEW BOYFRIEND ANGELO LOVES HER JUST THE WAY SHE IS *WINKS*

BEVERLY STILL HAVE A CHANCE TO PROVE HIS LOVE FOR ANGELO

RUMOR has it that Angelo proposed to his long time relationship Candice Arends at the back stage on BBA grand finale but its not true. The  photo of Angelo proposing to his former girlfriend Candice has been long Angelo gave her a promise ring.. The said photo is an old photo of Angelo and his former girlfriend and was floated on the internet by Candice’s friends to create a hoax. Angelo has since said his relationship with Candice wasn't serious and is presently happy with Beverly.

ANGELO AND FORMER GF

peoples comments on twitter

ANGELO AND BEV