Senate Proposes 3-Month Jail, N1m Fine For Landlords Who Default On New Rent Bill

LAGOS FEBRUARY 8TH (NEWSRANGERS)-A Senate bill seeking to make it an offence for any landlord to demand payment of advance rent from tenants of residential and office buildings and spaces beyond three months, has prescribed a three-month jail term or N1 million fine for offenders. The bill titled, ‘Advance Rent for Residential Apartments, Office Spaces,…

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Fashola Proposes Three-Month Rent Collection By Landlords As Against Three Years

LAGOS JULY 16TH (NEWSRANGERS)-The Minister of Works and Housing, Babatunde Fashola, has suggested the collection of three-month rent by landlords and property owners as against the collection of three years rent which he said made housing unaffordable for Nigerians in urban centres. The minister made this known on Thursday at the weekly State House Briefing…

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Senate Proposes 15-Year In Prison For Nigerians Paying Ransom To Kidnappers

LAGOS MAY 19TH (NEWSRANGERS)-The Senate on Wednesday considered a bill that seeks to prohibit the payment and receipt of ransom for the release of any person kidnapped, imprisoned or wrongfully confined. According to the bill, Nigerians who pay ransom to kidnappers and kidnappers who receive ransom risk 15 years imprisonment. The Terrorism Prevention (Amendment) Bill,…

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Nigerian Govt Proposes N400bn On Npower, Tradomoni, Others In 2021

LAGOS NOVEMBER 15TH (NEWSRANGERS)-For 2021 fiscal year, the Nigerian government, under the ministry of humanitarian affairs, has proposed to spend N400 billion on its social investment programmes (NSIP). This comprises a total recurrent expenditure of N350 billion and N50 billion for capital spendings, according to a document submitted to the National Assembly by its joint…

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FG Proposes N9.79 Trillion Budget For 2020

LAGOS SEPTEMBER 11TH (NEWSRANGERS)-The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. Mrs Ahmed announced this on Tuesday in Abuja at a public consultation forum with civil society groups and agencies on the…

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