NEWS
Trouble days ahead for Shylock Landlords as Senate moves to regulate rents
John Akubo
Hard times await Shylock Landlords in Abuja as Senate tidy up legislation to regulate rents from one or two years first payment by tenants, to three months and subsequent monthly payments .
The planned legislation is contained in a bill sponsored by Senator Smart Adeyemi ( APC Kogi West) titled Advanced Rent (Residential Apartments, Office Spaces) Regulation Bill, 2022
The bill passed first reading in the Senate during plenary on Tuesday.
Explaining the intendment of the bill to journalists after plenary , Senator Adeyemi said it is targeted at cushioning effect of outrageous rents on properties on poor residents in the Federal Capital Territory .
According to him, the bill when passed into law, will regulate rent collections from tenants to three months at first instance and subsequent monthly payments as against one, two or three years first payment being collected by property owners now with subsequent yearly rent payment renewal.
“Many residents of FCT are finding it very difficult to cope with huge rent payment , the reason why many of the Houses built for such purposes are empty.
“The law is targeted at welfare and wellbeing of the downtrodden , majority of whom elected those holding public positions into offices.
“Some landlords always insist their tenants pay for one year or two years rent. That is wrong. By this bill, Nigerians especially Abuja residents will now be paying rent on monthly basis after the expiration of the initial three months.
“The law we are proposing stipulates a maximum advanced rent payment of three months. After the expiration of the three months rent, the tenants are expected to pay monthly.
“There are many tenants whose salaries are competing with their rents because they live in cities like Abuja”, he explained.
When reminded of the scenario that played out in Lagos when Governor Marwa implemented similar law but with stiff resistance from landlords , Senator Adeyemi said the law being proposed will take of such resistance by providing window of petitioning for any tenants forced to pay rents above three months .
“Most Nigerians need the protection of the law to be able to meet their basic needs after paying rents.
“Many landlords did not secure loans to build their houses, they are products of free money they acquire from the system, yet they make lives difficult for poor Nigerians who do not have such privilege of making ill-gotten money from the system and put up structures”, he added.
Adeyemi, said it was important to begin to ensure that Legislations should not just be to impose penalty to the people.
He said there was an urgent need to enact laws that could directly affect the lives of the individuals in such a manner that Nigerians would be able to have three square meals and have a roof over their head
Adeyemi said:
Some of the problems confronting our nation today is the high level of corruption and if you take a look at Abuja in particular, you see so many uncompleted houses, some of them you don’t even know the owners.
“Those, who own theses properties, they did not secure loans for them,there are free money that people have gotten, illegal monies, and put up structures.
“And this structure are put out in such a manner that an average Nigerians can not afford it.
“Why do you think that some junior people go into corrupt practices, a good number of them is the struggle and effort to get their rent paid.
“Ask those who are paying rent in Abuja, the landlord will ask them to pay two years rent.
“So I came to the conclusion that we must put the law in place that when you are going to take an apartment ,the maximum of what a landlord should ask you to pay must be three months, after three months, you can then begin to pay monthly.
“You do not allow the society to live in a manner that people can be reckless in the so called what they have, whatever,they have in the way of assets, you must have the consideration that you have a duty to protect others, not to use your wealth to oppress people and make some people to commit suicide.
“There are families that have broken up because the man of the house could not pay the rent, and some have been pushed out because the landlord asked them to pay for two years.
“If people will have to manage with their spouse to pay, we should be able to put the law in place in such that no body will be oppressed,”Adeyemi explained.
According to him the bill was designed to compel the land lords in the FCT not to charge more than three months rent for those who are seeking new apartment and monthly subsequent payment.
He said the bill also seeks to ensure that tenants are not ejected untill after six months if they were not able to pay.
He said it was important to put laws in place to protect the majority of Nigerians, who are poor, saying that there are many bills coming up that would protect the people.
“I own my God and the people to purse laws to protect the people”, Adeyemi said.
He said he was also going to engage the Civil Society Groups (CSOs)and the Nigerian Labour Congress (NLC) to canvases more support for the bill
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has commenced a fresh physical verification of disputed and newly drilled crude oil and gas well coordinates across nine states, in a move aimed at ensuring fairness and accuracy in the allocation of the 13 per cent derivation fund.
The exercise, covering the period from 2017 to date, was formally flagged off in Owerri, Imo State, on Wednesday, November 11, 2026, by the Commission’s Chairman, Dr Mohammed Bello Shehu.
The affected states are Delta, Ondo, Edo, Anambra, Imo, Bayelsa, Rivers, Cross River and Akwa Ibom.
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Speaking at the flag-off ceremony, Shehu described the exercise as critical to ensuring transparency, accuracy and fairness in the administration of derivation revenue.
He explained that the Commission has a constitutional responsibility to monitor revenue accruals and disbursements from the Federation Account and ensure equitable distribution of derivation funds among oil and gas-producing states.
The RMAFC chairman stressed that determining the exact coordinates and geographical positions of oil and gas wellheads directly affects the legal and financial entitlements of the respective states.
He consequently charged members of the Inter-Agency Technical Committee (IATC) and deployed technical officers to carry out the assignment with diligence, precision and professionalism.
Shehu insisted that every verified coordinate, technical assessment and physical observation must be sufficiently accurate to withstand statutory scrutiny.
According to him, the exercise will involve examining disputed and newly drilled oil and gas well coordinates, physically verifying affected wellheads, plotting their locations using approved maps and considering relevant court decisions in resolving outstanding disputes.
He also directed that the committee’s harmonised technical report and findings be submitted exclusively to RMAFC for ratification and formal adoption.
The Inter-Agency Technical Committee comprises representatives of relevant technical institutions, including the Office of the Surveyor-General of the Federation (OSGoF), the National Boundary Commission (NBC) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Imo State Governor was represented at the event by the Commissioner for Petroleum, Hon. Emeka Mgbudem.
Other government officials and RMAFC commissioners in attendance included Hon. Adamu Abdu Fanda, Chairman of the Crude Oil Committee; Hon. Oladele Semiu Gboyega, Chairman of the Gas Committee; Hon. Ismail Mohammed Agaka, Chairman of the Public Affairs and Communication Committee; Ambassador Ayuba Jacob Ngbako; Hon. Akpan Imo Effiong; and Hon. Helen Bob Inafa.
Also present were the Imo State Commissioner for Lands, Surveyor Clement Nwabichie; Commissioner for Finance and Coordinating Economy, Mr Chucks Chukwuemeka; and Permanent Secretary, Ministry of Lands, Dr Angelina Ohiri.
The Commission disclosed that the verification exercise had been conducted previously but was being repeated to ensure that all issues raised were adequately addressed.
Vice President Kashim Shettima has paid a courtesy visit to the Palace of the Oba of Benin, Oba Ewuare II, ahead of the All Progressives Congress (APC) presidential campaign rally in Benin City, Edo State.
Shettima arrived at the historic royal palace on Thursday to pay homage to His Royal Majesty, Omo N’Oba N’Edo, Uku Akpolokpolo, Oba Ewuare II, CFR.
The visit highlights the significance of the Benin traditional institution, which has preserved its rich cultural heritage, kingship, artistry and diplomatic traditions for more than seven centuries.
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The Benin Palace remains one of Africa’s most historic royal institutions, representing the enduring legacy and cultural identity of the ancient Benin Kingdom.
The Vice President is in Edo State to participate in the APC presidential campaign rally scheduled to hold at the Samuel Ogbemudia Stadium in Benin City.
As part of efforts to expand access to cheaper alternative fuel and reduce transportation costs, the federal government has commissioned five Compressed Natural Gas (CNG) daughter and last-mile retail stations in Lagos State.
The facilities, developed by the Ibile Oil and Gas Corporation (IOGC) with support from the Midstream and Downstream Gas Infrastructure Fund (MDGIF), were commissioned on Wednesday by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo.
Speaking at the commissioning, Ekpo said Lagos occupied a special place in the public-service journey of President Bola Ahmed Tinubu, noting that his administration was extending the development philosophy pursued during his tenure as governor to the national level.
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He said Lagos had demonstrated the importance of long-term planning, institution building, infrastructure development and the mobilisation of private capital for economic growth.
According to him, the federal government is applying similar determination through the Renewed Hope Agenda to ensure that Nigeria’s abundant gas resources support industrial growth, businesses, transportation and job creation while reducing the cost pressures faced by citizens.
“Through the Renewed Hope Agenda, the President has made it clear that Nigeria’s abundant gas resources must work for Nigerians. They must power our industries, support businesses, improve transportation, create employment and, ultimately, reduce the cost pressures faced by ordinary citizens,” he said.
The five stations are located in Idimu and Abule Egba in Alimosho Local Government Area; Ogolonto in Ikorodu West Local Government Area; Ajah in Eti-Osa Local Government Area; and Oko-Oba in Agege Local Government Area.
Each facility has a CNG compression capacity of 24,000 standard cubic metres per day and a storage capacity of 9,800 standard cubic metres.
The stations are designed as last-mile retail outlets to bring CNG closer to consumers in their residential and business locations.
Ekpo said the facilities would improve access to alternative fuel for motorists and commercial transport operators, while supporting the government’s objective of expanding cleaner energy infrastructure nationwide.
“These stations represent access. They represent affordability. And they represent the determination of government to take the benefits of Nigeria’s gas resources directly to the people,” he said.
He disclosed that President Tinubu had directed the expansion of CNG infrastructure across the country, including the development of an additional 500 refuelling stations towards a planned national network of 1,000 stations.
He said the initiative was aimed at ensuring that the benefits of the country’s gas resources translated into lower transportation costs for Nigerians.
According to the minister, expanding CNG infrastructure in Lagos would provide motorists and commercial transport operators with viable alternative fuel options, while bringing cleaner energy closer to consumers.
“Our objective is therefore not simply to count the number of stations commissioned. Success must ultimately be measured by impact: whether the infrastructure helps reduce operating costs for transporters and businesses, whether those savings reach commuters, and whether Nigerian families begin to feel tangible relief,” he said.
Ekpo said the Ministry of Petroleum Resources (Gas), in collaboration with the Presidential CNG Initiative, MDGIF, state governments, investors and other industry stakeholders, was working to expand refuelling and associated infrastructure to improve access to cleaner and cheaper fuel.
He commended IOGC and the Lagos State Government for embracing the initiative, describing the project as an example of the federal government, state governments and private sector working together to develop critical infrastructure.
The minister also praised MDGIF for its catalytic role in supporting gas infrastructure development, assuring investors of the government’s commitment to providing an enabling environment for investments to translate into physical projects and economic benefits for Nigerians.
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