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LCC ANNOUNCES REVIEW OF TOLL TARIFFS

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Following extensive consultations held with stakeholders in the Eti-Osa/Lekki-Epe Expressway of Lagos State, the Lekki Concession Company Limited (LCC), has announced a review in toll tariffs at the Admiralty Circle Toll Plaza and the Lekki-Ikoyi Link Bridge Toll Plaza with effect from Thursday, February 1, 2018.

According to a press statement made available to the media on Thursday, January 25, 2018, the toll fare increase is as a result of current economic and business realities that have adversely increased the cost of operations and maintenance of the company’s loan obligations.

The Managing Director, LCC, Mr. Mohammed Hassan noted that the feedback and recommendations received during the series of consultations held in December 2017 with stakeholders in Eti-Osa Local Government area and its environs considerably influenced the new toll fares to be paid by motorists plying the Expressway and the Link Bridge.

Detailing the new development, Mr. Hassan said: “Since the commencement of tolling in December 2011, the toll tariffs had remained the same despite the continuous increase in the cost of operations to ensure that the toll plazas and the road infrastructure are well maintained. The toll review has also become necessary to enable the company meet its loan obligations to its local and foreign lenders, considering the fact that foreign exchange rates have continued to increase astronomically in the last couple of years. LCC cannot continue to operate or provide the services required from us if we do not review the toll tariffs”.

Many of the consulted stakeholders including traditional rulers & community leaders, residents’ associations and youth groups, Eti-Osa Local Government officials, members of the media as well as members of the National Union of Road Transport Workers (NURTW) in Eti-Osa Local Government Area agreed that there was a need for constant upgrade of road facilities, as the Eti-Osa/Lekki-Epe corridor was rapidly becoming an international economic hub for investors.

Reacting to the new toll fares for branded commercial vehicles popularly called ‘Danfo’, Chairman, National Union of Road Transport Workers, NURTW, Jakande, Eti-Osa Local Government Chapter, Alhaji Taofeek Oluwa, commended the foresight of LCC in consulting with leaders and members of the NURTW in Eti-Osa LGA. Alhaji Oluwa noted that although the toll fare review by LCC was unavoidable, the NURTW was glad to know that LCC took their advice for a minimal increment on toll fare from N80 to N100 (N90 for eTag users) for commercial transport buses plying the Eti-Osa/Lekki-Epe Expressway.

“As long as LCC honours its agreement of our mutual understanding at the stakeholders’ meeting, we can confidently support LCC and the Lagos State Government by assuring that commuters will not suffer any increase in the fare paid to board branded commercial buses coming into or going out of Eti-Osa/Lekki-Epe Expressway. Also, if the fare increase will improve the standard of the roads and provide more comfortable and safer journey for all road users, NURTW will be happy to endorse the toll fare review”, Alhaji Oluwa added.

Keeping in line with its corporate objectives of delivering real utility to road users on the Eti-Osa/Lekki-Epe Expressway and the Lekki-Ikoyi Link Bridge, LCC had managed operations of the roads for the past ten years despite the yearly increase of the cost of operations and other relevant expenses. In addition, LCC provides various other services to road users, especially as it relate to their convenience such as the 24/7 free vehicle breakdown and recovery services by the Company’s Route and Incident Management team; the LCC dedicated Police team; the Toll free Customer Service helpline and other services. Over 100,000 road users have benefited from the free service of the Route and Incident Management team since inception, while LCC dedicated police team has ensured improved security along the expressway.

Mr. Ebuka Oseji, a businessman resident in Ajah, who was part of the community consultation with LCC, offered some advice saying: “It is also pertinent for LCC as a company to continue to carry out its corporate social responsibilities to the people in our catchment area so as to enable them enjoy the benefits accruable from investments in the area”.

Mr. Hassan further urged motorists to take advantage of the electronic platforms by registering for e-Tag to enable them enjoy discounted passages and faster throughput at the plazas. The LCC’s Managing Director said that commercial buses would enjoy discounted passages such that transport fares will not be hiked as a result of the reviewed tariff.

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Organiser unveils speakers, panelists for the 2024 Industry Summit

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The organiser of the Industry Summit, an annual gathering for professionals and experts in brand marketing, finance, sustainability, and entertainment, has announced the speakers for the fifth edition of the summit in Lagos.

 

 

 

The event themed: Sustainable Marketing for Growth would feature the marketing director of Nigerian Breweries Plc, Mr. Emmanuel Oriakhi as keynote speaker while the head of unit, sustainability at Access Bank, Mrs. Omobolanle Victor-Laniyan and manager brand, strategy & communications at Stanbic IBTC, Ms. Rita Akao would feature as guest speakers.

 

 

 

The summit, which is scheduled to hold on Friday, May 3rd, 2024 at the Marcelina’s Place Ikeja GRA, Lagos would feature some exhilarating panel sessions with some of the contemporary professionals in the Nigerian brand and marketing industry.

 

 

 

The panelists include; Ms. Chioma Mbanugo, Head of Marketing PZWILMAR, Mr. Abiodun Coker, Team Member Media, UBA, Mrs. Mabel Adeteye, Head, Brand & Marketing Communications, Wema Bank PLC, Mr. Kevin Olumese, Marketing Communications Specialist, and Mr. Adeola Kayode, Head, Brands & Creative Services, 9mobile Nigeria.

 

 

 

Others who have confirmed participation are Ms. Aisha Anaekwe, Head, Brands & Comms, Coronation Group, Mrs. Victoria N’dee Uwadoka, Public Relations, Public Affairs & Sustainability Lead, Nestle Nigeria Plc, Mr. Samson Adeoye, Public Relations Manager, Airtel Nigeria, Mrs. Oluwatosin Odiagbe, Marketing Manager, Simba Solar and Ms. Arinola Shobande, Head of Marketing, Showmax.

 

 

 

While Oriakhi would be speaking to the topic, ““New Age Marketing – Catalyzing Transformation Through Value Chain Innovation, Technology, Analytics & Sustainability”, Victor-Laniyan and Akao would present papers on the topics; “Aligning organizational objectives with sustainable marketing for the good of the people, society and business, and “Reimagining Sustainable Growth Through Green Marketing” respectively.

 

 

 

In the press statement signed by the Publisher of The Industry Newspaper/Convener of The Industry Summit/Awards (TIES), Mr. Goddie Ofose, he said that “The 5th edition of the Industry Summit is focusing on sustainable marketing, which is a purpose-driven practice that works to orientate businesses, brands and society towards a sustainable future, influencing appropriate awareness, aspiration, adoption and action across economic and sociocultural systems by taking necessary accountability for its impacts and opportunities.”

 

 

 

“In today’s ever-evolving world, debating whether to incorporate sustainability into business strategy is no longer an option. Considering a values-driven approach when developing business strategies can be vital to long-term success” he said.

 

 

 

Therefore, we have carefully selected these professionals and experts to deliberate on the subject matter, highlight challenges and proffer solutions where private and public sectors could take lessons from and improve upon whatever they have been doing,’ Ofose added.

 

 

 

The Industry Summit/Awards is a brainchild of The Industry Newspaper Limited, publishers of The Industry Newspaper (theindustry.ng) and 789marketing.ng.

 

 

 

The summit is designed to bring together industry leaders across the continent in all sectors in the quest to rev up conversations that will move the Nigeria business, economy and communication industry forward.

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IBEDC records 1,459 energy theft cases in January, February

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The Ibadan Electricity Distribution Company said it has recorded 1,459 cases of energy theft by its subscribers between January and February 2024.

This was disclosed in a press statement signed by the firm’s Chief Key Accounts Officer, Mr. Johnson Tinuoye, on Tuesday.

IBEDC added that it is actively pursuing investigations and legal actions against individuals and businesses involved in the theft in collaboration with the Federal Government Special Investigation and Prosecution Task Force on Electricity Offences.

Identifying the cases, IBEDC said they included various offences such as meter bypass and illegal meter tampering, which resulted in significant financial losses amounting to hundreds of millions of naira for the company.

The statement read, “We want to send a clear message to our customers that energy theft will not be tolerated. Our collaboration with the Federal Government Special Investigation and Prosecution Task Force on Electricity Offences underscores our commitment to ensuring a fair and just electricity distribution system.

“Energy theft not only undermines the integrity of our operations but also deprives IBEDC of the revenue necessary to provide quality services to our customers.”

Tinuoye emphasised that under the Electricity Act, energy theft is now recognised as a criminal offense, carrying severe penalties including imprisonment stressing, “In the Osun region, two individuals were apprehended for stealing energy through meter bypass and illegal connections. Their cases have been formally charged in court for prosecution.”

IBEDC further urged customers to refrain from engaging in any form of energy theft, emphasising that the consequences can be severe, as there is no room for negotiation with the SIPTEO Task Force team, which is actively patrolling and investigating instances of energy theft for prosecution.

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Copyright Breach: NCC Drags MTN, Others To Court Over Musician’s Works

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The Nigerian Copyright Commission (NCC) has filed criminal charges against MTN Nigeria Communications Ltd. and four others over alleged copyright infringement.

The charge with number FHC/ABJ/CR/111/2024 filed in the Abuja Division of the Federal High Court was obtained by journalists on Monday.

News Agency of Nigeria (NAN) reported that the four other defendants in the case include the chief executive officer of MTN Nigeria, Karl Toriola; Nkeakam Abhulimen, Fun Mobile Ltd.; and Yahaya Maibe.

In the three-count charge, NCC alleged that the defendants, between 2010 and 2017, “offered for sale, sold and traded for business’’, infringed the musical works of an artiste, Maleke Idowu Moye, without his consent and authorisation.

The commission alleged that the defendants used musical works and sound recordings of Mr Maleke with subsisting copyright as caller ringback tunes without the authorisation of the artiste.

The musician’s musical works and sound recordings allegedly infringed upon included 911, Minimini-wanawana, Stop Racism, Ewole, 911 instrumental, Radio, Low Waist, and No Bother.

The defendants were also alleged to have distributed the musical works to their subscribers without authorisation, thereby infringing on the rights of the artiste.

In the third count, the defendants were alleged to have in their possession, other than for their private or domestic use, the artiste’s musical works and sound recordings.

According to NCC, the alleged offences are contrary to and punishable under section 20 (2) (a) (b) and (c) of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

The case has yet to be assigned to any judge, and no date has been fixed for the mention.

Meanwhile, no official statement has been released by any of the defendants as at the time of filing this report, while all efforts to get reactions from MTN by New Telegraph proved abortive.

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