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Monday, December 8, 2014

Infrastructure bank raises N50bn for rehabilitation of Lagos Ibadan expressway

The Infrastructure Bank Plc has raised N50 billion as first tranche of the proposed N167 billion funding for the rehabilitation of the Lagos-Ibadan dual carriageway.

Managing Director of the bank, Adekunle Oyinloye made this known at the official signing of a Memorandum of Understanding, MoU, with four commercial banks, yesterday, in Lagos. The banks are Access Bank, Ecobank, Diamond Bank and Standard Chartered Bank Plc.

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