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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