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Lagos International Trade Fair How Senator Adeola Solomon led AdHoc committee revoked complex's concession

The Lagos Trade Fair complex CEO has explained the role of a senate committee led by Senator Yayi in the take over of the complex from the concessioner.

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Sen Yayi's role in ending Lagos Trade Fair complex's concession play

Senator Adeola olamilekan Yayi

Following the eviction of Aulic Nigeria Limited as the concessionaire of the Lagos International Trade Fair Complex, the board has revealed how Sen Adeola Solomon Olamilekan led AdHoc committee interceded on behalf of the Federal Government.

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

It was further gathered that Senator Olamilekan, 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 Nicholas Eze of Aulic Nigeria Limited whose concession agreement was revoked in August 2017.

Federal Government takes over trade fair complex over N6b debt play

Mrs Lucy Ajayi and Sir Jude Ringo Okeke


According to Mrs. Ajayi, the new ED/CEO of LITFC, Aulic owed the government to the tune of N6.5 billion being lease fees since 2008 till August 2017 when the concession agreement was terminated.

ALSO READ: Federal Government takes over complex over N6b debt

After the take over, Ajayi 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.

Ajayi 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 to the VP, Senator Olamilekan and most especially the Inspector General of Police in this take over,” she said at a recent press briefing with members and leaders of the ASPAMDA and other shops in attandance.

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