Lagos Govt To Penalise Homeowners Renting Out Their Apartments At Exorbitant Fees

Date: 17-02-2024 1:51 pm (4 months ago) | Author: Mister Jay Wonder
- at 17-02-2024 01:51 PM (4 months ago)
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The Lagos State Government on Thursday said it would penalise homeowners found guilty of renting out their apartments at exorbitant fees.

Commissioner for Housing Moruf Akinderu-Fatai in a statement, said the government would wield a big stick on allottees who engaged in sharp practices.
According to him, residents of various state housing schemes have filed complaints about the high rent being charged by homeowners.

He added that the state government will withdraw allocation from culpable homeowners. He said: “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 called on the facility managers and association members in the estates to report culpable allottees to the ministry, adding that those homeowners would forfeit their apartments with their payment refunded.

The commissioner assured that the State Government will continue to cater to the needs of first-time buyers who are in dire need of such accommodation facilities through outright purchase and rent-to-own platforms. Permanent Secretary, Ministry of Housing, Abdulhafis Toriola, an engineer, said a lot of complaints have been received from some of the estates that some homeowners harbor people of questionable character hence posing a threat to residents.

He noted that the ministry as a matter of urgency shall investigate and take the right step towards safeguarding the lives and prosperity of residents in the affected estates. The Permanent Secretary also urged allottees to take ownership of joint facilities and follow the rules put in place to maintain the estates.


Posted: at 17-02-2024 01:51 PM (4 months ago) | Addicted Hero
- Benti247 at 17-02-2024 02:00 PM (4 months ago)
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Now you are talking.
Posted: at 17-02-2024 02:00 PM (4 months ago) | Gistmaniac
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- fineboy77 at 17-02-2024 02:00 PM (4 months ago)
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Na you build the house for them? Much as this might sound good, but how do you expect them to remain static while inflation goes through the roof?

Posted: at 17-02-2024 02:00 PM (4 months ago) | Addicted Hero
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- gogoman at 17-02-2024 03:11 PM (4 months ago)
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Oh just shut up bitch ass man!! fck u ok!! fck u again!! bloody cement is damn 10k did u give me any discount? again fck you!!  Roll Eyes Roll Eyes Roll Eyes
Posted: at 17-02-2024 03:11 PM (4 months ago) | Grande Master
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- kp45 at 17-02-2024 03:52 PM (4 months ago)
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Oga go and work on the economy
Posted: at 17-02-2024 03:52 PM (4 months ago) | Addicted Hero
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- nikiniki at 17-02-2024 04:53 PM (4 months ago)
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What has the govt done for anybody? You want to regulate what? Over my property? Try it and lets meet in court!
Posted: at 17-02-2024 04:53 PM (4 months ago) | Gistmaniac
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- Holopid at 17-02-2024 08:44 PM (4 months ago)
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 Huh?
Posted: at 17-02-2024 08:44 PM (4 months ago) | Gistmaniac
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