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Trouble days ahead for Shylock Landlords as Senate moves to regulate rents

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Senate Delegation to visit Ekweremadu in UK

 

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

NEWS

Fear Grips Oyo Community as Gunmen Kidnap 60-Year-Old Trader

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Panic has spread through Monatan community in Lagelu Local Government Area of Oyo State following the abduction of a 60-year-old building materials trader by suspected armed men.

The incident occurred on Saturday night along the Jinarere axis of Alakia Road in Ibadan when the victim was intercepted by four masked gunmen while returning home at about 8:47 pm.

The attackers reportedly operated in an unregistered ash-coloured Toyota Corolla before forcefully whisking the victim away to an unknown destination.

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Confirming the incident, the spokesperson for the state police command, Olayinka Ayanlade, said the matter was reported on May 2, 2026, and that security operatives had already begun rescue efforts.

He stated: “I can confirm that there was a case of abduction reported on May 2, 2026, at about 2047hrs from the Monatan area of Ibadan. Preliminary information reveals that the victim, a 60-year-old male building materials trader, was accosted while returning home along the Jinarere axis of Alakia Road by four masked armed men, who forcefully whisked him away in an unregistered ash-coloured Toyota Corolla vehicle. Upon receipt of the report, police operatives swiftly visited the scene and activated necessary operational measures aimed at rescuing the victim and apprehending the perpetrators.”

Residents of the area have expressed fear over rising insecurity, urging authorities to intensify surveillance and prevent further attacks.

Security agencies assured that efforts are ongoing to rescue the victim and arrest those responsible.

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FG Blasts South Africa Over Attacks on Nigerians, Summons Diplomat

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The Federal Government of Nigeria has strongly condemned the rising wave of attacks on its citizens in South Africa, summoning the country’s top diplomat in Abuja over what it described as persistent xenophobic violence.

The move follows recent incidents in which Nigerians were reportedly targeted, including the killing of one citizen and injuries sustained by others in separate attacks by unidentified gunmen.

The government said the pattern of violence has become alarming and unacceptable.

SEE ALSO: HURIWA Saddened at 131% Surge in Air Peace, United Nigeria Airfares to Southeast

Spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, confirmed that South Africa’s acting high commissioner has been invited for urgent discussions.

According to him, the meeting will address “documented cases of maltreatment of Nigerian citizens and attacks on their businesses.”

Nigeria’s action comes amid growing continental concern over the safety of foreign nationals in South Africa, where repeated outbreaks of xenophobic violence have been recorded over the years.

Similarly, Ghana recently summoned South Africa’s envoy in Accra following reports of harassment and intimidation of its citizens.

Ghana’s Foreign Minister, Samuel Okudzeto Ablakwa, disclosed that a Ghanaian resident was confronted and asked to leave South Africa in a recent incident, heightening fears among migrants.

South Africa remains one of Africa’s top destinations for migrants due to its relatively advanced economy.

However, high unemployment and economic challenges have often fueled resentment against foreigners, leading to periodic violence.

Reacting to the development, South Africa’s acting police minister, Firoz Cachalia, condemned the attacks, stating that such actions are unlawful and contrary to the country’s constitutional values.

He assured that security agencies have been directed to act decisively against perpetrators, emphasizing that xenophobia, violence, and intimidation will not be tolerated.

The Nigerian government has reiterated its commitment to protecting its citizens abroad, warning that it will continue to engage diplomatically until the safety and rights of Nigerians in South Africa are fully guaranteed.

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Minimum Wage Can’t Sustain Life Anymore — Peter Obi

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Peter Obi Condemns Incessant Killing Plaguing The Country, Calls For Action

Former presidential candidate, Peter Obi, has said that Nigeria’s current minimum wage can no longer sustain a decent standard of living, as worsening economic realities continue to weigh heavily on citizens.

Obi made this known in a statement released on Friday to commemorate International Workers’ Day, where he highlighted the growing hardship faced by Nigerian workers amid rising inflation and the increasing cost of living.

SEE ALSO: Political Earthquake Brewing? Peter Obi, Bala Mohammed in Closed-Door Talks

According to him, the value of wages has been significantly eroded by soaring food prices, transportation costs, and general economic instability, leaving many workers struggling to survive despite being employed.

He stressed that it is unfair that citizens who contribute daily to the nation’s development are unable to meet their basic needs, noting that the dignity of labour is gradually being undermined.

“The minimum wage today cannot guarantee even the most modest standard of living,” Obi said, warning that the situation could further worsen if urgent steps are not taken.

The former Anambra State governor called for immediate wage adjustments and comprehensive economic reforms aimed at improving the welfare of workers and stabilising the economy.

Obi also emphasised the importance of investing in human capital, stating that no country can achieve meaningful growth without a productive and well-supported workforce.

He urged Nigerian workers to actively participate in the democratic process by supporting credible and competent leadership that prioritises the well-being of citizens.

Obi concluded by calling for a fairer society built on justice, equity, and respect for labour, adding that empowering workers remains key to national prosperity.

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