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Home Business News

Outrage as ‘Alpha Beta’ Company is inserted in Lagos Land Use Charge Act

Nairametrics by Nairametrics
March 7, 2018
in Business News
Lagos State Governor Mr. Akinwunmi Ambode (2nd right), filling his Land Use Charge payment form at Guaranty Trust Bank, Opebi, Ikeja, on Monday, February 19, 2018. With him: Special Adviser on Revenue and Tax, Mr. Fola Lasisi (right)

Lagos State Governor Mr. Akinwunmi Ambode (2nd right), filling his Land Use Charge payment form at Guaranty Trust Bank, Opebi, Ikeja, on Monday, February 19, 2018. With him: Special Adviser on Revenue and Tax, Mr. Fola Lasisi (right)

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The Lagos State Land Use Act just got even more controversial. A clause in the Law includes the name Alpha Beta, which if you did not know has been helping Lagos State collect taxes since the days of former Governor and Leader of the ruling APC Government, Asiwaju Bola Ahmed Tinubu.

The clause reads “Alpha Beta or any other designated person(s) or corporate body who has the responsibility of monitoring the incoming revenue of the State through the collecting banks, shall provide a report to the Accountant-General of the State.”

See snapshot of clause in the Land Use Charge Act below;

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Excerpt of Land Use Charge on Alpha Beta
Excerpt of Land Use Charge on Alpha Beta

Critics of the law are infuriated with the insertion of the name of the company in the Law,  basically giving the company legal protection to monitor Land Use Charge collection on behalf of the government into perpetuity or as long as the law exist.

See some twitter reactions

Dear @AkinwunmiAmbode if the land use charge has being made easy to pay via banks why does the govt need alpha beta to manage the revenue so generated? @channelstv @BBoason @chamberlainusoh

— Torino (@oodije) March 7, 2018

@yomitheprof. I didn’t see this coming…..Alpha-Beta (Jagaban’s Company?) made it into the Act we the exclusive collection agent! Lagos is doomed. https://t.co/okwlzvomx0

— Wolé Olúyemí (@WoleOluyemiCo) March 7, 2018

Is Alpha Beta not a private firm? Why is it being included just like that? Gosh, Lagos is a con state. https://t.co/5UWc3tlyA2

— Adenike Lanlehin (@omotomilola) March 7, 2018

Questions raised over insertion of Alpha Beta into Lagos Land Use Act https://t.co/Cwcqx5GTxZ pic.twitter.com/cFWhRXbYRA

— BusinessDayNG (@BusinessDayNg) March 7, 2018

 

Download (PDF, 978KB)

Tags: Alpha Betaland use chargeLUC
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 2

  1. johnessy says:
    March 7, 2018 at 2:23 pm

    Alpha Beta My Foot!! Ambode you are gone, Lagos Citizen Rise Up & Usurp Power From The Animals In Agbada. Eg Tinubu & His Cronies. Cry Out Enough is Enough. Tinubu Keeps Buying All Lagos State Properties. E.G School Of Nursing @ Awolowo Road& FALOMO Shopping Centre. Now Will Be Collecting Money Foe Loagos State For Ever. Rise Up & Don’t Vote For The OLE.

    Reply
  2. Marcus Akorefe says:
    March 9, 2018 at 10:20 am

    Its illegal to put a company ‘s name on an act .
    Lagos should be bigger than this .am sure Ambode want to do only one term in office .

    Reply

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