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Lagos 2022 budget: Bola Tinubu to receive N8.1b monthly from 10% tax cut

The presidential candidate is expected to receive a total of N97.2 billion naira in 2022 if Lagos meets the target set for internally generated revenue.

Former Lagos governor Bola Tinubu is expected to receive N8.1 billion monthly from the 10% commission he receives through Alpha Beta Consulting a company he setup with Dapo Apara which he awarded a monopoly to collect the states taxes when he was governor in 2003.

According to a court affidavit before the Lagos High Court the former Managing Director of Alpha Beta, Dapo Apara, alleged Alpha Beta Consulting was collecting 10% commission of Lagos state taxes and he was schemed out of the company in 2014 by Tinubu, who gained 100% ownership.

The duo have now decided an out of court settlement.

The presidential candidate is expected to receive a total of N97.2 billion naira in 2022 if Lagos meets the target set for internally generated revenue

In different information, AS jostling for the All Progressives Congress, APC, presidential ticket gets tougher, Vice President Yemi Osinbajo, SAN, has warned his supporters against insulting or abusing APC National Leader and former Governor of Lagos State, Asiwaju Bola Ahmed Tinubu.

Osinbajo served as Attorney General and Commissioner for Justice in Lagos under Tinubu.

Both men are eyeing the APC 2023 presidential ticket, which has elicited exchanges between their supporters.

Some supporters of Tinubu had accused Osinbajo of being an ingrate for not supporting Tinubu’s presidential quest despite what Tinubu did for him politically.

Sources close the VP, said Osinbajo is against any one abusing Tinubu and has therefore warned his supporters: “Even if his supporters abuse my mother, don’t retaliate.

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