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Lagos Cracks Down on Illegal Real Estate Fees and Rising Rents

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Lagos Cracks Down on Illegal Real Estate Fees and Rising Rents

The Lagos State Government is intensifying efforts to make housing more affordable by cracking down on illegal rental charges and pushing for lower rent prices. Authorities have officially declared fees such as “caution fees” and “inspection fees” unlawful, urging real estate industry leaders to collaborate in easing the financial strain on tenants.

In a public statement issued by Ganiu Lawal, Deputy Director of Public Affairs, the government condemned the practice of imposing unauthorized fees, noting that such actions not only exploit tenants but also damage the reputation of property managers and landlords.

Key stakeholders — including the Nigerian Institution of Estate Surveyors and Valuers, the Real Estate Developers Association of Nigeria, and the Association of Estate Agents in Nigeria — recently met with state officials to address these issues. The meeting, jointly presided over by Commissioner for Housing Moruf Akinderu-Fatai and Special Adviser to the Governor on Housing Barakat Odunuga-Bakare, focused on tackling arbitrary rent hikes and excessive agent commissions while promoting ethical standards in the real estate sector.

Akinderu-Fatai emphasized the difficulties many families face in finding affordable housing, citing rising rents and hidden transaction costs as major barriers. He reaffirmed the government’s support for more flexible rent payment options, such as monthly and quarterly plans, in line with tenancy regulations.

Odunuga-Bakare also referenced the Lagos State Tenancy Law of 2015, which caps allowable real estate transaction fees at 10%. She called on industry players to align with government initiatives aimed at making housing more accessible and transparent for residents.

Leaders of the various real estate bodies expressed their willingness to work alongside the government. They pledged to assist in advocacy campaigns and public education initiatives that promote best practices within the property market.

The session concluded with plans to organize a broader stakeholder forum. This upcoming event will involve representatives from across the real estate value chain — including legal experts from the Nigerian Bar Association — to build stronger, collective support for protecting Lagos residents in housing transactions

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Adron Homes Sets Strategic Direction for 2026 at National Business Convention

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Adron Homes Sets Strategic Direction for 2026 at National Business Convention

Adron Homes has officially commenced its 2026 National Business Convention, themed “Breaking New Grounds, Beyond and Above 2.0,” reaffirming its commitment to innovation, growth, and leadership in Nigeria’s real estate sector.

The convention opened with a strategic address by the Chairman/Group CEO, Sir Aare Adetola Emmanuelking, who charged executives and managers across the organization to sustain excellence, embrace innovation, and drive sustainable expansion as Adron Homes strengthens its footprint nationwide.

Bringing together top executives, directors, and managers from across the country, the convention serves as a platform for strategic alignment, performance reviews, and planning for the 2026 business year.

At the session, the Executive Vice Chairman, Olori Aderonke Emmanuelking, presented the company’s overarching 2026 budget framework, outlining key growth priorities, operational benchmarks, and financial expectations designed to enhance efficiency and long-term value creation. The presentation underscored Adron Homes’ focus on disciplined planning and scalable impact.

Directors from various directorates also presented their 2026 budget proposals, highlighting expansion opportunities, operational optimization, and cross-functional collaboration to exceed previous performance milestones and deliver enhanced value to clients.

Participants described the discussions as insightful and energizing, noting the convention’s role in strengthening leadership engagement and reinforcing a unified growth vision across the organization.

Beyond budget deliberations, the convention features strategic training sessions led by senior executives to boost leadership capacity, operational effectiveness, and organizational readiness for the year ahead.

As “Breaking New Grounds, Beyond and Above 2.0” unfolds, Adron Homes continues to reinforce its brand as a forward-thinking real estate developer committed to innovation, sustainable growth, and transformative impact in Nigeria.

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Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit

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Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit

The Chairman, Adron Homes and Properties Limited, Aare Adetola Emmanuel-King, has reiterated the company’s unwavering commitment to Nigeria’s cultural diversity and traditional institutions during a courtesy visit to the Alaafin of Oyo, His Imperial Majesty, Oba Abimbola Akeem Owoade I.

According to the Adron CEO, the visit reflects the company’s belief that national development must be anchored on respect for heritage, culture, and indigenous authority across all ethnic nationalities.

“Nigeria’s greatest strength lies in its diversity. At Adron Homes, we recognise that culture and tradition are not obstacles to development, but the very foundation upon which sustainable progress must be built,” Emmanuel-King stated.

He emphasised that Adron Homes’ engagement with traditional institutions is inclusive and nationwide, cutting across regions and ethnic lines as part of its broader vision for unity and shared prosperity.

“Our respect for traditional institutions is not limited to any one region. We honour royal fathers across Nigeria because they are custodians of our identity, values, and social stability,” he added.

The Adron Chairman noted that the company’s expanding footprint across several states continues to contribute to housing delivery, job creation, and economic empowerment, while aligning modern real estate development with indigenous values.

“We remain committed to building communities that serve present needs without eroding the cultural heritage that future generations must inherit,” Emmanuel-King said.

He further reaffirmed Adron Homes’ readiness to support initiatives that promote cultural preservation, tourism, and community development, stressing that collaboration between the private sector and traditional institutions is vital for inclusive national growth.

In his response, the Alaafin of Oyo, Oba Abimbola Akeem Owoade I, commended Adron Homes for recognizing culture and tradition as pillars of development, offering royal prayers for the company’s leadership, continued success, and the peace and unity of Nigeria.

The visit concluded with royal blessings and goodwill, reinforcing Adron Homes’ position as a corporate brand committed to cultural solidarity, inclusivity, and a diverse future for Nigeria.

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Adron CEO Reaffirms Support for Nigeria’s Diverse Cultures, Traditional Institutions

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Adron CEO Reaffirms Support for Nigeria’s Diverse Cultures, Traditional Institutions

The Founder and Chairman of Adron Homes and Properties Limited, Aare Adetola Emmanuel-King, has reaffirmed the company’s unwavering commitment to the preservation and respect of Nigeria’s diverse cultures and traditional institutions, describing them as vital partners in sustainable national development.

Speaking after a landmark courtesy visit to the House of Oduduwa on Tuesday, 6th January 2026, hosted by His Imperial Majesty, Kabiyesi Arole Oduduwa, Olofin Adimula, the Oonirisa of Ife, HIM Oba Adeyeye Enitan Babatunde Ogunwusi, CFR, Ojaja II, the Adron CEO stressed that the company’s engagement with royal institutions transcends ethnicity and regional boundaries.

According to Aare Emmanuel-King, Adron’s collaboration with traditional authorities is not limited to Yoruba land, but reflects a broader national philosophy that recognises the importance of all ethnic cultures and custodians of heritage across Nigeria in fostering unity, stability, and development.

“At Adron Homes, we believe that land is sacred and that development must be carried out with deep respect for culture, history, and traditional authority — not just in the South-West, but across every region of Nigeria,” he said.

The Adron CEO highlighted the company’s extensive footprint nationwide, noting its contributions to housing delivery, job creation, and economic empowerment across multiple states. He added that meaningful development thrives best when modern enterprise works in harmony with indigenous values and institutions.

As part of Adron’s long-term vision, Aare Emmanuel-King also announced plans for a landmark luxury estate project, ORISUN WHITE PARADISE RESORT, spanning over 200 acres in Ile-Ife, designed to blend modern luxury with cultural identity and tourism.

He expressed appreciation to Kabiyesi Oonirisa for the warm reception and royal blessings, describing the visit as a historic milestone that reinforces Adron Homes’ position as a corporate brand committed to cultural respect, inclusivity, and sustainable development across Nigeria.

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