LBIC now collects revenue for LASG

Ms Folasade Folivi

Ms Folasade Folivi

Ms Folasade Folivi

The Lagos Building Investment Company Plc (LBIC) has joined the league of financial institutions approved by Lagos State Government to collect its revenues.

The approval, which was contained in a letter issued by the State Treasury Office,
STO reads: “Following your recent application for absorption into Lagos State
Government EBS/RCM revenue generation programme and subsequent recommendation of our Revenue Consultant (Alpha Beta Consulting LLP) on the
level of your bank’s compliance with necessary technical and operational
procedure, we are delighted to convey to you the State Government approval for your bank’s enlistment”.

By this, LBIC has been enrolled into the Lagos State Electronic Banking System of
Revenue Collection and Monitoring while it is statutorily empowered to collect all forms of government revenues such as taxes, dues, fines, among others.

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Confirming the approval, the Managing Director/CEO of LBIC, Ms Folasade Folivi, said that the Bank, which has just been recapitalized and restructured, was ready to discharge this responsibilities to the teeming clients of Lagos State Government.

Speaking further, Ms Folivi declared that LBIC was able to achieve this milestone
because its operations was now ICT compliant and could now provide internet
banking which meant clients could access its services online and real time.

Ms Folivi enjoined Lagosians to patronize the bank for an effective and efficient
banking experience and mortgage services that is unique and tailor-made for their

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