Banks spend $50m on private jet maintenance annually, says Otedola

Banks spend $50m on private jet maintenance annually, says Otedola

Billionaire businessman, Femi Otedola, has supported the 70 per cent windfall tax proposed by the Federal Government on foreign exchange gains of banks. In a statement he issued on Wednesday, Otedola, who is the chairman of FBN Holdings, slammed the banking sector for its $50m estimated bill on maintaining private jets and an even higher

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