News
Lagos Cracks Down on Illegal Real Estate Fees and Rising Rents
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
News
Adron Group Chairman Hails Dapo Abiodun’s Leadership at 66
Adron Group Chairman Hails Dapo Abiodun’s Leadership at 66
The Chairman/Chief Executive Officer of Adron Group, Aare Adetola Emmanuel King, has extended his warm congratulations to the Executive Governor of Ogun State, His Excellency Prince Dapo Abiodun, CON, on the occasion of his 66th birthday.
In a goodwill message issued to commemorate the occasion, Aare EmmanuelKing described Governor Dapo Abiodun as a visionary leader, accomplished administrator, and distinguished statesman whose purposeful and people-oriented leadership continues to foster remarkable transformation, progressive governance, and sustainable development across Ogun State.
He noted that Governor Abiodun’s steadfast commitment to infrastructural development, economic advancement, youth empowerment, and the overall welfare of the citizenry has significantly positioned Ogun State as a foremost destination for investment, innovation, and socio-economic progress in Nigeria.
“On behalf of my family, the management, and staff of Adron Group, I sincerely felicitate with Your Excellency, Prince Dapo Abiodun, CON, on the occasion of your 66th birthday. Your exemplary leadership, humility, and unwavering dedication to public service remain highly commendable and inspiring. Ogun State has continued to experience substantial growth and development under your administration, while your contributions to governance and human capital development are truly noteworthy,” Aare EmmanuelKing stated.
He further offered prayers for God’s continued grace, wisdom, strength, and good health for the Governor as he continues to render selfless service to Ogun State and the nation at large.
Aare EmmanuelKing also wished Governor Abiodun many more years of impactful leadership, peace, and fulfillment in service to humanity.
News
Adron Homes Felicitates Muslims on Eid Celebration
Adron Homes Felicitates Muslims on Eid Celebration
Adron Homes & Properties has congratulated Muslim faithful across Nigeria and around the world on the occasion of Eid, urging them to continue embracing the virtues of peace, sacrifice, love, and unity that the season symbolizes.
In a statement issued by the management of Adron Homes & Properties, the company described Eid as a sacred period that promotes spiritual renewal, compassion, gratitude, and harmonious coexistence among people irrespective of tribe, religion, or social status.
The foremost real estate company noted that the values of selflessness, obedience, and generosity demonstrated during the holy season remain essential ingredients for national growth and societal development.
According to the statement, Nigerians should use the festive period as an opportunity to strengthen bonds of brotherhood, extend love to the less privileged, and pray for enduring peace and economic prosperity in the country.
Adron Homes further reaffirmed its commitment to providing affordable luxury homes and building sustainable communities that promote comfort, security, and family values for Nigerians at home and abroad.
The company prayed for divine blessings, joy, and fulfillment for all Muslim faithful celebrating Eid and wished them a peaceful and memorable celebration.
News
RERAPAN CELEBRATES AMB. ENGR. (DR.) EMMANUEL ADEJIDE FAJUMO ON HIS BIRTHDAY
RERAPAN CELEBRATES AMB. ENGR. (DR.) EMMANUEL ADEJIDE FAJUMO ON HIS BIRTHDAY
The Real Estate Reporters and Publishers Association of Nigeria (RERAPAN) has extended the association warm congratulations to Amb. Engr. (Dr.) Emmanuel Adejide Fajumo PhD, the Chairman, Oinz Homes and Properties Ltd on the occasion of his birthday celebration.
In a congratulatory message, Real Estate Reporters and Publishers Association of Nigeria praised Amb. Engr. (Dr.) Emmanuel Adejide Fajumo PhD, for his Outstanding dedication and immense contributions to the Nigerian Real Estate sector.
RERAPAN described the celebrant as a shining example in the business community, whose passion and commitment have left an indelible mark on the Real Estate Industry in Nigeria.
“You are indeed a source of inspiration to your generation and a shining example within the business environment”.
There is no doubt that you have written your name in gold and have revolutionized the Nigeria Real Estate Industry.
The National President of RERAPAN, Mr. Okpe Anthony Okpe further describe Amb. Engr. (Dr.) Emmanuel Adejide Fajumo PhD, the Chairman, Oinz Homes and Properties Ltd as the Most Media friendly and Philanthropic Real Estate Personality and Real Estate company in Nigeria.
RERAPAN offered prayers for good health, greater accomplishments, and many more remarkable years ahead for the business mogul.
Inconclusion, He also said RERAPAN looks forward to partner and have a cordial working relationship with Oinz Homes and Properties Ltd.
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