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Report Tenancy Agreement Fees Higher Than 10 Percent — Lagos Government To Residents

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Amid a significant increase in rental costs that have made housing unaffordable for numerous Lagos residents, the Lagos State Government is urging tenants to report instances where tenancy agreement fees exceed the legally mandated 10 percent. This move aims to protect tenants from exorbitant charges in the Lagos property market.

The Lagos State Government has once more cautioned against the collection of tenancy agreement fees beyond the stipulated 10 per cent and has asked residents to report such abnormality to the authorities. This reiteration of the law underscores the government’s commitment to regulating tenancy fees in Lagos State.

At the 2025 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre in Alausa, Ikeja, the Special Adviser to the Governor of Lagos State on Housing, Barakat Odunuga-Bakare, warned against violation of the state’s tenancy law, which caps tenancy agreement fees at 10 per cent. This official statement during a press briefing highlights the seriousness with which the Lagos government views this issue.

“We have been overwhelmed by reports of the activities of these unscrupulous elements making life hard for Lagosians with agreements and commissions that are like asking for an arm and a leg,” Odunuga-Bakare said in a statement issued by the Lagos State Government. This quote emphasizes the government’s concern about illegal practices affecting Lagos tenants.

“We are calling on members of the public not to keep silent but to report such agents and landlords to us, for the government cannot be everywhere, every time.” This direct appeal to Lagos residents encourages them to actively participate in ensuring compliance with the tenancy law by reporting violations.

She reiterated the restated the Lagos State Government’s stance against the imposition of excessive tenancy agreement fees, reminding all stakeholders within the state that the stipulated maximum remains 10% of the annual rent. This reinforces the legal limit on tenancy agreement fees in Lagos State for all involved parties.

While the growing population in Lagos is a factor in the housing challenge, the special adviser said stakeholders and the government have met to address the situation. This acknowledges the broader context of housing issues in Lagos and the collaborative efforts to find solutions.

“We have met with associations of real estate agents, and they have assured us that the people who are engaging in such practices are not registered agents that identify with their associations,” Odunuga-Bakare said, suggesting that these illegal activities are often perpetrated by unregistered individuals operating outside the purview of established professional bodies.” This statement indicates that recognized real estate associations in Lagos are not condoning the overcharging of tenancy fees.

Earlier, the Lagos Commissioner for Housing, Moruf Akinderu-Fatai, said the state is mulling monthly and quarterly rent options for residents of the state. This potential policy change aims to alleviate the burden of annual rent payments for Lagos residents.

Akinderu-Fatai said many Lagos State residents are battling to pay annual rents. He believes monthly and quarterly rent payments would provide relief to them. This highlights the financial strain faced by many tenants in Lagos due to the current rental payment structure.

BIG STORY

Osun 2026: Aregbesola Vows To Unseat Adeleke, Says ADC Will Win Guber Election

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Rauf Aregbesola, the interim National Secretary of the African Democratic Congress (ADC), has said that his party will unseat Governor Ademola Adeleke in the upcoming 2026 Osun governorship election.

Aregbesola, who previously held the positions of Minister of Interior and Osun State Governor, made this statement on Sunday during a homecoming event held in Osogbo.

He emphasized that his main political objective at the moment is not the 2027 general election but securing victory for ADC in the 2026 Osun governorship election.

He suggested that the 2026 election might not feature the usual three-party race, as there are speculations that Governor Adeleke could defect to the All Progressives Congress (APC).

We are concerned about 2026 in Osun State. We have started the work for next year’s election now, Aregbesola said, encouraging party members to strengthen mobilisation at the grassroots level.

Leave them to their agitation. Our aim should be to take over Osun State before the vote on August 8, 2026. They already know they are on their way out.

Looking back on his break with the APC, a party he helped build, Aregbesola expressed regret that he was sidelined despite his efforts.

He stated, Those who know my value and worth gave me this new position, and now they are making noise. Their noise doesn’t concern me — they haven’t seen anything yet.

Aregbesola also spoke on the ongoing rumours surrounding Adeleke’s possible political defection: Before we started this journey, they said there would be three political parties in Osun State. It is obvious he is decamping now. We will meet in Abere — ADC will win the Osun governorship race in 2026.

Turning to national matters, Aregbesola criticised the current federal government, blaming it for worsening the economic situation in the country.

The government that makes Nigerians go hungry should not be in power again. Anyone who says Nigeria is better now is part of the problem. It’s clear that yesterday was better than today for us as a nation, he said. Since they assumed office, even the rain no longer falls as it used to. Things are not going well. We must be angry with any government that refuses to address our needs.

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National Assembly Suspends Plenary Till July 22 To Honour Buhari

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Legislative proceedings in the national assembly have been put on hold to pay respect to Muhammadu Buhari, the former president of Nigeria.

Buhari passed away on Sunday at a London clinic after battling a long-term illness.

The clerk of the national assembly, Kamoru Ogunlana, shared this update through a statement released on Monday.

“I am directed by the president of the senate and the speaker of the house of representatives to inform all members of the national assembly and the general public that all legislative activities are hereby suspended immediately until Tuesday, 22 July, 2025,” the statement reads.

“All members of the national assembly are urged to reschedule their engagements to enable full participation in the burial activities of the late president.”

Leaders of both legislative chambers offered their sympathies to the government and citizens of Nigeria, the administration and residents of Katsina state, as well as the late president’s wives, children, and extended relatives.

“President Muhammadu Buhari will be remembered for his commitment to Nigeria’s unity and his integrity,” the statement notes.

“May Almighty Allah grant his soul eternal rest in Aljannatul Firdaus.”

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BUHARI: Obasa Mourns, Tasks Nigerians To Celebrate His Life And Legacy

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Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa, has expressed his heartfelt condolences on the passing of former President Muhammadu Buhari, GCFR, describing it as a profound loss for both the Buhari family and the entire nation of Nigeria.

In a statement released by his Chief Press Secretary, Dave Agboola, Speaker Obasa reflected on President Buhari’s lifelong dedication and selfless service to the nation both as a military Head of State and as a two-term elected President of Nigeria.

“President Buhari served our nation with a commitment that will be remembered as a significant part of our history.
“His contributions to the development and unity of Nigeria have left an indelible mark on our country,” said Obasa.

As the nation mourns his passing, Speaker Obasa emphasised the importance of celebrating Buhari’s legacy. “While we grieve his loss, we must also honour his contributions and reflect on the values he championed throughout his time in Office,” he added.

The Speaker urged all Nigerians to take a moment to remember the life and work of President Buhari, as the country continues to strive for the ideals he represented. “Let us come together in this time of sorrow, united in our commitment to building the Nigeria he envisioned,” Obasa stated.

“Our thoughts and prayers are with his family and all who were touched by his leadership. May his soul rest in peace.”

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