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Tag Archives: Proceeds

LASG promises to tackle $50bn infrastructure deficit with the proceeds of land use charge

LASG to tackle infrastructure deficit with the proceeds of land use charge

The Lagos State Government on Tuesday said that it would channel proceeds of its new Land Use Charge (LUC) to tackle $50 billion infrastructure deficit within the next five years. Mr Akinyemi Ashade, the state Commissioner for Finance and Special Adviser to the Governor on Taxation and Revenue, said this at an interactive session with journalists in Alausa, Ikeja. He ...

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NIS Scam- EFFC orders forfeiture of properties bought with proceeds

NIS Scam- EFFC orders forfeiture of properties bought with proceeds

The Economic and Financial Crimes Commission, EFCC, on January 24, 2018, asked Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja, to order the interim forfeiture of properties purchased by Drexel Tech Nig. Ltd with proceeds of the recruitment exercise into the Nigeria Immigration service,( NIS Scam). The Economic and Financial Crimes Commission, EFCC, on January 24, 2018, ...

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