By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Lagos Govt to Crack Down on Homeowners Charging Exorbitant Rent
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Lagos Govt to Crack Down on Homeowners Charging Exorbitant Rent

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: February 17, 2024
Share
2 Min Read
Governor Babajide Sanwo-Olu
Governor Babajide Sanwo-Olu
SHARE

The Lagos State Government has issued a stern warning to homeowners found guilty of renting out their apartments at inflated rates, announcing plans to impose penalties on offenders.

Commissioner for Housing, Moruf Akinderu-Fatai, emphasized the government’s commitment to curbing sharp practices in the rental market, stating that stringent measures would be taken against allottees engaging in such behavior.

In a statement released on Thursday, Akinderu-Fatai revealed that numerous complaints had been received from residents of various state housing schemes regarding the exorbitant rents being charged by homeowners.

He underscored the government’s intention to ensure affordable housing for Lagosians, expressing disappointment at the exploitation of tenants by some homeowners.

- Advertisement -

“The essence of asking allottees to make a five per cent down payment and spread the remaining amount for ten years was to make life bearable for Lagosians. This is what Mr. Governor wants to achieve, but some people seem to be taking Mr. Governor’s magnanimity for granted. They are renting those apartments out to make money. The question is why do people try to inconvenience others when the government intended to make life bearable for citizens?” Akinderu-Fatai stated.

The commissioner urged facility managers and association members in the estates to report homeowners engaging in such practices to the ministry, warning that offenders would face severe consequences, including the withdrawal of allocation and forfeiture of their apartments with refunds.

Meanwhile, Permanent Secretary of the Ministry of Housing, Engineer Abdulhafis Toriola, highlighted the importance of safeguarding residents’ well-being, particularly in light of reports of homeowners harboring individuals of questionable character.

Toriola assured that the ministry would swiftly investigate such cases and take appropriate action to uphold safety and security within affected estates.

- Advertisement -

He urged allottees to take responsibility for jointly owned facilities and adhere to established rules to preserve the integrity and livability of the estates.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Cement Price Hike: Works Minister Umahi Calls Emergency Meeting with Manufacturers
Next Article Denrele Edun Denrele Edun Opens Up About Battling Stroke, Partial Paralysis

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations
Security
NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation
News
Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
Aminu Dantata to be Buried in Madinah After Saudi Approval
News
- Advertisement -
Ad imageAd image

You May Also Like

CrimeVideo

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
NewsSecurity

Security Situation Improving, CDS Urges Continued Support from Nigerians

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?