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Lagos Govt: Rent Payments Should Be Monthly, Quarterly, Or Yearly

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*Warns Agents Against Unethical Practices And Excessive Fees

The Lagos State Government has reaffirmed its commitment to implementing monthly, quarterly, and yearly rent payments, limited to a maximum of one year.

Mr. Moruf Akinderu-Fatai, Commissioner for Housing, revealed this in a statement he jointly signed with Mr. Barakat Odunuga-Bakare, Special Adviser to the Governor on Housing, on Wednesday.

Akinderu-Fatai spoke during a recent exploratory meeting with executives of the Estate, Rent and Commission Agents Association of Nigeria (ERCAN).

He said that the government was actively engaging with stakeholders to ensure a smooth transition for the benefit of those seeking accommodation.

He noted that the government had advised professionals and trade groups within the real estate sector to address public concerns regarding the persistent and alarming increases in rent, as well as the imposition of unwarranted fees.

These practices, he said, were currently being carried out in violation of the Lagos State Real Estate Transaction Law.

He expressed the government’s apprehension over unethical practices among estate agents, which had led to a rise in rent defaults.

He reminded practitioners to adhere to the provisions of the law.

Akinderu-Fatai stated that the existing law recognized their roles and specified a percentage of chargeable fees of not more than 10 percent on real estate transactions.

He encouraged estate agents and related bodies to actively denounce unqualified individuals who advise property owners to inflate rents arbitrarily and introduce fees not recognized by the state’s real estate transaction law.

He also urged ERCAN members to promote the monthly, quarterly, and yearly rent system among their members.

The commissioner affirmed the government’s readiness to collaborate with all stakeholders to advance the rent payment structure.

According to him, this structure will halt the indiscriminate practices, make rent affordable, guarantee the interest of property owners, and ensure consistent rent payments by tenants.

Responding, the President of ERCAN, Mr. Godwin Aleke, pledged the support of his members to promoting the state government’s monthly, quarterly, and yearly rent system. He also pledged to work collaboratively with other professional bodies and stakeholders to sanitise real estate practices in the state moving forward.

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Breaking Barriers, Building Legacies: Fiona Ahmed Ahimie Launches LEADHER Mentorship Session to Inspire the Next Generation of Female leaders

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Lagos, Nigeria – June 2026 – As part of activities leading up to her investiture as the 14th President of the Chartered Institute of Stockbrokers (CIS) and the first female President in the Institute’s history, Dr. Fiona Ahmed Ahimie, Managing Director of First Securities Brokers Limited, hosted the inaugural LeadHER Mentorship Session on Thursday, June 18, 2026.The session, themed “Leading with Purpose, Breaking Barriers, Building Legacy,” brought together emerging female professionals and aspiring leaders from across various industries for an engaging afternoon of mentorship, learning, and empowerment.The LeadHER Mentorship Session was designed to provide participants with practical insights into leadership, career advancement, personal development, and navigating challenges in the traditionally male-dominated sectors. Through candid conversations and shared experiences, attendees gained valuable perspectives on building successful careers while creating lasting impact within their organizations and communities.Speaking at the event, Dr. Ahimie noted that leadership is not merely about achieving personal success but about creating pathways for others to thrive.”Throughout my professional journey, I have benefited from the guidance, support, and encouragement of remarkable mentors. The LeadHER Mentorship Session is an opportunity to pay that forward by equipping and inspiring the next generation of women to pursue excellence, embrace leadership opportunities, and break barriers with confidence,” she said.The mentorship session forms part of a broader commitment to advancing female participation and leadership within Nigeria’s financial services industry and the wider corporate ecosystem. It also reflects Dr. Ahimie’s longstanding dedication to talent development, professional excellence, and inclusive leadership.The event provided a platform for meaningful dialogue, networking, and knowledge sharing.Dr. Ahimie’s investiture as President of the Chartered Institute of Stockbrokers marks a historic milestone for the Institute and the Nigerian capital market, underscoring the growing role of women in shaping the future of the financial services industry.

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Insecurity: Governor Dauda Lawal Commends Troops for Recovering Ammunitions, Rustled Cattle

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Zamfara State Executive Governor, Dr Dauda Lawal has commended the troops for their efforts and commitment to the fight against banditry in the state.On Saturday, the Violence Crime Response Unit (VCRU) of the Zamfara Police Command successfully recovered 329 cattle and 175 sheep from bandits in the Gambanda forest in Gummi Local Government.Governor Lawal, while appreciating the troops, described the Zamfara State Police’s renewed efforts as encouraging and promising in the fight against banditry.He said, “I commend the effort of all the security operatives in Zamfara State, especially the Zamfara State Police Command, for its resilience, bravery and commitment in recovering 329 cattle, 175 sheep, weapons and ammunition from bandits.”The police engaged and overpowered the bandits in Gambanda forest in Gummi local government area, which led to the recovery.”This commendable action reflects their tireless work in the face of challenges posed by criminal elements and underscores the police’s role in protecting the livelihoods of the people of Zamfara State.”The remarkable display of bravery and the successful recovery of livestock and weapons highlight the strong leadership of the Commissioner of Police, CP Ahmed Muhammad Bello. His guidance has been instrumental in improving public safety and combating banditry.”My administration remains committed to providing support to all security agencies in their efforts to ensure safety and security for our people.”

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Governor Dauda Lawal Approves Payment of Allowance to NYSC Members Serving in Zamfara

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The Zamfara State Government is pleased to announce that His Excellency, Governor Dauda Lawal, has approved the payment of allowances/stipends to National Youth Service Corps (NYSC) members serving in the state. The approval reflects the administration’s unwavering commitment to the welfare and wellbeing of corps members who are contributing to the development of various sectors across Zamfara State.

The approval covers corps members from Batch A Stream I and II up to Batch C Stream I and II. Through this gesture, the government recognizes and appreciates the patriotism, dedication, and selfless service being rendered by the young graduates in education, healthcare, agriculture, and other areas critical to the growth and progress of the state.

Governor Dauda Lawal has directed the Office of the Accountant General to put in place all necessary arrangements to facilitate the implementation of the approval. The government is committed to ensuring that the process is carried out smoothly and in accordance with established procedures.

The Zamfara State Government remains grateful to the NYSC members for choosing to serve in the state and for their invaluable contributions to community development.

The administration will continue to prioritize initiatives aimed at supporting corps members and creating an enabling environment that will allow them to discharge their national responsibilities effectively.

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