Heritage Bank to Handle Lagos State Revenue Collection


Governor Babatunde Fashola

Heritage Bank has been appointed as a Lagos State ‘revenue collection bank’ using the Lagos State Electronic Banking System of Revenue Collection and Monitoring (EBS-RCM) payment platform.

BusinessWorld Intelligence notes that this is coming on the heels of similar mandates from other corporate organizations and institutions such as the Nigerian Customs Service (NCS), Oyo State Government, Power Holding Corporation of Nigeria ( PHCN)  Eko distribution, PHCN Ikeja distribution and DSTV/Multichoice.

Lagos State government has empowered the bank to receive various payments, fees and levies from the public, such as withholding tax, paye, ministerial miscellaneous, land use charge, business premises registration charge, capital gain tax, tax on account in hotels, tax on drinks in bars, tax on other transactions, vehicle licensing/fine/fees and FRSC number plate fees, among others

Mr. Niyi Adeseun Heritage Bank’s executive director, while commenting on significant of the Lagos state mandate noted that ,: “Heritage bank commenced operations on March 4, 2013 with a philosophy to offer banking services with guaranteed convenience riding on the platform of simplified service innovation, leading technology solutions and experience driven relationship management”.

Adeseun said the corporate vision of bank captures the essence of its institutional aspiration of creating, preserving and transferring wealth across generations. As a niche bank that is established on the premise of innovation, partnership and sustainability, the various mandates are strong testimonials to the direction in which the bank is headed.

He noted that as a timeless wealth partner that seeks to help customers build, transfer and preserve their wealth, the bank is  committed to ensuring that through all the various mandates, it would not only deliver maximum value but more importantly, revolutionize how duties, tolls and fees are collected in the country.

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