Windfall tax: Nigerian banks spend $50m yearly on private jets – Otedola
Billionaire businessman, Femi Otedola, says Nigerian banks spend an estimated $50m annually on private jet maintenance. Otedola, the Chairman of First Bank Holdings, disclosed this in a statement on Wednesday while supporting the Federal Government’s Windfall Tax on Banks’ foreign exchange gains. According to him, the 70 percent Windfall tax which was recently passed by…