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, etc.

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

Speaking further, Ms Folivi declares that LBIC is able to achieve this milestone
because its operations is now ICT compliant and can now provides internet
banking which means clients can 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 needs.