• Thursday, March 28, 2024
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BusinessDay

Lagos appoints Diamond Bank collector of land use charge

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The Lagos State government has appointed Diamond Bank Plc, a leading commercial bank in the country, as an agent for the collection of land use charge in the state.

The move, it was gathered, was to further provide as many residents as possible the opportunity to pay the charges which came into force in the state 12 years ago.

The land use charge law came into effect in 2001 when the state House of Assembly replaced all existing state and local government taxes on real estate bringing them all under one law.