Oyedepo, Dangote, Adenuga to pay N400m luxury tax on private jets

According to a story by Encomium magazine, Bishop David Oyedepo, Alhaji Aliko Dangote and Dr. Mike Adenuga are among the top 10 Nigerian billionaires who will pay hundreds of millions of naira annually as luxury tax due to the imposition of a whooping $4,000 luxury tax by Aviation Ministry on private jet owners and operators per departure.

Some of these super rich Nigerians make use of their jets 3/4 times in a week either within or outside Nigeria and for every trip, it's a cool $4, 000 tax. Continue...



From Encomium magazine