The Managing Director of Guaranty Trust Bank Plc (GTBank), Mr. Segun Agbaje has said the introduction of electronic tax payment system will help reduce corruption in tax payment system, just as he urged other states to embrace the initiative.
Agbaje made this remark during the inauguration of the e-tax payment campaign by the Lagos State Governor, Mr. Akinwunmi Ambode at GTBank Opebi branch, Lagos recently.
The GTBank explained in a statement: “The e-tax payment campaign has shown the premium placed on electronic payment by the Lagos State Government and this would equally aid the financial inclusion programme of the Central Bank of Nigeria.”
The GTBANK MD noted that the elimination of middlemen in the tax payment structure would enable the government derive immediate value for all tax remittances.
“GTBank is willing to support the government in the collection of all the different taxes payable to the Lagos state government.
“The various forms of taxes and revenues that can be paid at all GTBank branches across the state include Pay as You Earn; Witholding Tax; Land use Charges; Direct Assessment; Development Levy & Business Premise.
“Others are Tax Audit; Stamp duties; Land Charges; Consent fees; Capital Gains Tax; Survey fees; Registration & Conveyancing fees,” a statement quoted Agbaje to have said.
On his part, Ambode said the initiative would allow residents and citizens of Lagos state to pay their taxes directly to the coffers of the state government.
The governor noted that the noble effort was implemented so as to help tax payers make direct deposits to government coffers seamlessly.
According to him, “The process in the payment of taxes have been simplified for the residents and citizens of Lagos State who are the direct beneficiaries of the productive utilisation of taxes in the state.
“All the projects that have either been completed since the commencement of my administration or those that are underway have been done through taxes,” he added.
UBA Partners With British Airways To Reward Loyal Customers
Pan African financial institution, United Bank for Africa (UBA) Plc and the global airline, British Airways have announced a collaboration to reward loyal customers who are cardholders of the Bank.
The promo which will last for six months from November 2019, will witness UBA customers getting significant discounts when they purchase their British Airways tickets using their UBA cards. The promo will allow customers to enjoy up between 10% to 15% discount on any ticket purchased during the campaign. The ticket fares is exclusive of taxes as is applicable to purchases of all goods and services.
The collaboration is aimed at increasing customer experience and satisfaction for both UBA Cardholders and customers of British Airways.
The General Manager, Corporate Bank, UBA Directorate, Mr Muyiwa Akinyemi, who expressed delight at the collaboration, noted that the promo between the two organizations was carefully thought out to ensure that loyal customers of the two institutions are duly rewarded while ensuring that they also receive more value for their money. He added that for persons without a UBA account, all they require to benefit from this promo is to procure a card instantly from any UBA branch nationwide.
“UBA is excited to collaborate with one of the foremost Airlines in the world to run a promotion aimed at rewarding our cardholders and premium customers who will enjoy discounted tickets and other ancillary benefits such as loyalty points on the British Airways Executive Club.”
He explained that as a customer-centric institution, UBA is always on the look-out for services and reward schemes that will ultimately benefit the customers, in line with its Customer 1st policy.
Akinyemi noted that the bank has plans to partner with other airlines in the future to provide further opportunities for reducing the cost of travel for its customers. “For now, we are partnering with a pre-eminent airline that offers class and distinction,” he said.
The Commercial Manager for British Airways in West Africa, Mr. Kola Olayinka, noted that the airline is pleased to partner with the bank due to its huge customer base and wide reach, adding that with the partnership, more customers will be able to enjoy the promo.
He said, “British Airways is excited to partner with UBA, Africa’s Global Bank, to create a mind-blowing promotion aimed at raising awareness about this service to be rendered by both institutions.”
Continuing, Kola said, “In addition, the discounts provided by British Airways will reduce the cost of travel and encourage the Bank’s customers to make more foreign trips during the period and also reward their customers and staff as a way of giving them something very tangible.”
Heritage Bank Convenes Strategic Agribusiness Meeting With Sumitomo Corporation
Nigeria is at the threshold of the much-needed agricultural revolution, as food production remains a significant challenge all over the world, hence whilst, Heritage Bank Plc is forming an alliance to further create formidable partnership arrangements with Sumitomo Corporation that will lead to impactful agribusiness within the segments of the agricultural value chain.
This relationship that is focused on mechanization and agribusiness will complement the efforts of the Central Bank of Nigeria’s (CBN) to fast track development of the agricultural sector and enhance national food security.
Heritage Bank Pledges Continued Support For Women Empowerment
Heritage Bank Plc has said it will continue to lend support to causes that promote women empowerment as this will impact positively on the nation’s socio-economic development.
Managing Director, Heritage Bank, Ifie Sekibo, stated this at the “Raising Girls Summit ‘19” which held in Lagos last Friday as part of activities to commemorate the International Day of the Girl-Child.
Sekibo, who was represented at the event by the Regional Executive, Lagos & South-West, Heritage Bank, Dike Dimiri, disclosed that the lender sponsored the “Raising Girls Summit ‘19” because as he put it: “At Heritage Bank, we are committed to anything that represents women empowerment.”
According to him, the Bank has been in the vanguard of promoting financial literacy and financial inclusion especially among women because it believes that this is key for advancement in today’s dynamic world.
He said: “If we can start promoting financial inclusion especially among the girl child, then we can stand a better chance of having our children grow up to help build a strong financial system. Heritage Bank has been at the forefront of trying to ensure that financial inclusion is not just for adults but for children and more so at a very early age.”
Sekibo, who noted that Heritage Bank actively participates in financial literacy programme organized by the Central Bank of Nigeria (CBN) in different parts of the country every year, assured organizers of “Raising Girls Summit ‘19” of Heritage Bank’s continuous support
Organized by The Green Girl Company Limited, (organizers of the Miss Nigeria Beauty Pageant), the Raising Girls Summit, is part of a global effort to empower, and deliberate on issues affecting the girl-child in Africa.
It is also aimed at influencing social change and policies to ensure a better life and the future prospect of girls in Africa.
In her remarks at the event, the Green Girl Company Limited CEO, Dr. May Ikeora, thanked Heritage Bank for its support for the summit, adding that with the lender’s support, the organization was making a valuable contribution to Nigeria and the world.
She advised young girls not to focus on what society can do for them, but on what they can contribute to society.
Also speaking at the event, a former “Miss Nigeria”, Helen Prest-Ajayi, stated that if the girl-child is better educated, the country would be a better place for all Nigerians.
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