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Tenants Groan As Abuja Landlords Increase Rent

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Tenants in the Federal Capital Territory (FCT), Abuja, are groaning over hikes in house rent by their landlords.

Findings by Daily Trust showed that within the last one year, tenants in different areas of the FCT had been notified of rent increases by landlords.

Some of them that were interviewed by Daily Trust queried why landlords would increase rent on houses built years ago.

But some landlords, who also spoke to our reporters, argued that the cost of building materials had gone up.

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They also said they increased rent on old buildings because maintenance was also gulping “huge” amounts of money.

Usman Tijani, an information technology expert, who lives in Phase 4, Kubwa, Abuja, said he was informed of a N250,000 increase only four weeks to the expiration of his rent.

“Before I moved in with my family last year, the landlord said he would not increase rent. Only for me to get a notice four weeks ago. I will move out of the house because of the short notice.

“The most annoying part is that the increase is from N600,000 to N850,000 (per annum) for my one-bedroom apartment”, Tijani said.

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A fashion designer, Adepoju Ronke, complained that the rent of her one-room “self-contained” apartment at Dei-Dei, was raised from N150,000 to N250,000 per year.

A bank teller, who lives in Dutse, Majekodumi Isaac, said he was recently served an eviction notice by his landlord. He said the landlord later informed him that the two-bedroom apartment would no longer go for N550,000 but N700,000 per annum.

Eromosele Fortune, a resident of Kuje, said an apartment that was hitherto rented for N200,000 per annum “is now between N280,000 and N350,000 depending on the location.”

Some residents of Bwari, Gwagwalada, Gwarimpa, Nyanya, Karu, Dawaki, Lugbe, Apo Resettlement, Wuye, Wuse, Jahi District and other areas of the FCT also decried that their landlords had increased their rent.

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Landlord lords speak

A landlord at Kubwa, Julius Odion, attributed the increase in rent to the economic state of the country.

“The rise in the costs of building materials and construction has been a major factor for the increase in the value of the property and rent,” Odion told one of our reporters who pretended to be a prospective tenant.

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Another landlord, whose house is located in Wuse District of the FCT, Paschal Chukwu, said the tenants were not being fair to landlords.

“My tenants have been complaining that I increased rent, but the truth is they are not considering the fact that landlords are also going to the same market with them.

“Yes, we didn’t build the houses now, but with the price of everything going up, we too have to increase ours because it is our business and we have to survive,” he said.

Adeyemi Folorunsho, who owns a house in Garki District, said not all landlords could be considerate.

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“As landlords, this is the right time to even protect our tenants. During Covid-19 crisis in 2020, I know how difficult it was to pay rent; so I gave my tenants subsidy for their rent and I intend to do so again, but not many landlords can do that,” he said.

Developers seek signing of Real Estate Bill

The immediate past President of the Real Estate Developers Association of Nigeria (REDAN), Aliyu Wamakko, in an interview with Daily Trust, said arbitrary rent increment by landlords would have been a thing of the past if the Real Estate Development Bill had been signed.

He said: “REDAN had initiated a bill on the development of the housing and property sector during the 9th National Assembly, which was not assented to by former President Muhammadu Buhari. If the former President had signed the bill into law, all these issues arising from rent increase and tenancy agreement would have been taken care of,” he said.

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He said the lack of regulation for rent should be addressed.

On the reason for arbitrary increase of rent in the FCT, Wamakko said: “Everything in the market is on the high side and it’s the same market that the landlords and tenants go, so it will be difficult for everything to be on the high side while rent remains static”.

He further stated that the current development is a national issue which the government must address head on, as it is not only prevalent in Abuja, but across the country.

FCTA director pleads with landlords

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A senior director with the FCT Administration, who craved anonymity because he was not permitted to speak on the matter, noted that there is no law in the country that dictates how much a landlord should charge tenants.

The director however pleaded with property owners to be patriotic by “ensuring moderation in dealing with their tenants, in line with the economic reality in the country.”

He said the FCT Directorate of Mass Housing was doing everything possible to provide affordable houses for low-income earners in the territory.

Credit: Daily Trust

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ECHOES from one-day national dialogue on home grown Parliamentary System in Nigeria(Photos)

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… Nigerians are not inherently corrupt we can design our own system -Chinda

…I ‘m a refugee in my own country -Ita-Giwa

… let’s restructure our presidential system- Ex-Gov of Kano, Shekarau

…we made a fatal error adopting presidential system -Prof Abdullahi

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By Emmanuel Agaji

Echoes from the one-day national dialogue on home grown Parliamentary System has continued reverberate one week after it was held in Abuja to drum support for it.

The Dialogue to ensure Nigerians savour its own home grown Parliamentary System entered a different level last Monday as dignitaries from all walks of life espoused different views on the subject matter at the Shehu Yar’Dua International Conference Centre, Abuja.

Panelist of men of substance from egg heads to former governors, clergymen , former speaker, serving lawmakers all gathered to find a common solution to governance shift that would adopt Nigeria’s peculiarities and take Nigerians to the promised land.

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Ango Abdullahi:

Firing from all cylinders last Monday was a former varsity Vice Chancellor, Professor Ango Abdullahi who declared that Nigeria was too much in a hurry to dump the Parliamentary System after practicing it for just five years.

He noted that the then military made it clear that the constituent assembly was told Parliamentary system was a no go area.

The professor said it was a mistake to have gone ahead to adopt the US presidential system which “we’re greatly regretting now and a parliamentary system should be adopted to ease cost of governance.

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Senator Shekarau:

Former governor of Kano State and leader of Northern Democrats, Senator Ibrahim Shekarau called for a structural adjustment of the presidential system we practice now to reduce cost of governance.

Senator Ita l-Giwa

In her short message, Senator Florence Ita-Giwa without minciing words declared that Nigeria is not moving ahead because of the bogus system “I am a refugee in my country today after the Bakassi issue and nobody is rehabilitating me.

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Kingsley Chinda:

A co-convener and HoR Minority Caucus leader Kingsley Chinda as one of panelists gave a vivid breakdown on the way forward as the last panelist to speak.

“I think that restates the cliche by Alexander Pope referred to by His Excellency that for every form of government they must contend for whatever is best administered.

“But I think it’s not just those who administer the system, you must also have a system that is administrable in your own circumstances.

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“And that is why today if you ask, some persons might even say that Nigerians are inherently corrupt but that is not the case.

He stressed further: “When we started we were not like this, so you ask the question where did we get it wrong?

“The only thing that we have seen is that the system we imported, the laws we have so much loopholes and it makes it comfortable for us public office holders to do things that we get away with easily.

“The former speaker talked about the issue of impeachment, removing a councillor under our present law is almost an impossibility and so the councillor knows, I’m not talking about members of the National Assembly, I’m not talking about the executive, the councillor at the ward level because you have to get majority signatures of voters and that will be confirmed by INEC, how do you do that? When even the voters register had more than 50% ghost names, so where are you going to get the 50% genuine persons and their signatures confirmed?

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“So this system has inherent loopholes that will allow those who are administering it to go scotfree and we need to tighten it.

“Anothet reason why we say so is that the same Nigerian who takes pride in beating the traffic light, who takes pride with even the NEPA at home you would want to do a bypass, send that same person to Ghana, I’m not talking about the United States, send him to Ghana and there is a queue somewhere, he will line up quietly because he knows that the system is not the same thing he had at home.

” So some people talk about mindset change, yes you might think about mindset change but to me the person sitting behind, the children behind are the people that require a mindset change because we already know that what we are doing is wrong and when we go to a clime where they have a better and stronger system we behave ourselves, so what mind are you going to change?

“We need to change the system, we need to begin to provide stronger penalty for those who commit crime.

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“I remembered once either in the 8th or 7th Assembly we proposed a bill for death penalty for public office holders that steal public funds, it did not see the light of day.

” I think that we should begin to take extreme measures that will discourage public office holders from doing the things that they do.

“And the current presidential system we practice is one that allows a lot of leverage, there are so many things that are morally wrong but legally they are right under our laws and so it becomes difficult to hold anybody culpable even where people criticise over such actions.

“And for us to move on, we must begin to look at our own peculiar attitudes and couch laws that will take care of them, that is the homegrown.

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“Homegrown is not that we look at our culture, tradition and all that, no. What are Nigerians likely to do if you give them this opportunity.

“Let me use discretion, if you bring a public office holder in Europe and bring a Nigerian public office holder and ask them to exercise discretion on an issue, I’m sure that you will agree that the Nigerian public office holder will be looking at religion, tribe whilst taking that matter.


THE END

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“Be dedicated to Nigerians as God is watching you”-Onaiyekan cautions Tinubu

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The Emeritus Archbishop of Abuja, Cardinal John Onaiyekan, says though more Nigerians voted against President Bola Tinubu in the 2023 election, he has a duty to serve all Nigerians.

According to him, Tinubu, the then-candidate of the All Progressives Congress (APC), should switch from campaign mode to governance mode and serve every part of the country equally.

The respected cleric was a guest on the Sunday edition of Inside Sources with Laolu Akande, a socio-political programme on Channels Television.

Cardinal Onaiyekan warned Tinubu against running a polarised government where his political cronies are rewarded with appointments and the parts of the country where he got hefty votes are also rewarded with projects.

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He said, “There are Nigerians who did not vote for APC. Granted that APC got the highest number of votes and that is why they have the right to rule us. But they also forget that there are millions of Nigerians who did not (vote for the APC).

“Whatever the rules say, the reality is that more people vote against Mr President than those who voted for him.

“Even if you are a minority government, which is what I call what we have now, you still have a duty to serve the people and to do all you can to give everybody what is their right, and to rule well.”

‘God Is Watching’
Cardinal Onaiyekan urged the President to do his best to move the nation forward as he would give account of his stewardship to God.

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“Mr President, it’s about time you switched from campaign mode to governance mode. Elections are over. Campaigns are over. You now have to govern and govern the whole of Nigeria and every Nigerian.

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“And therefore, the whole system whereby high political offices are given as a reward for those who were political activists, I don’t believe that that is the best way to move the nation forward.

“I would say, now that you (Tinubu) have been declared the President of Nigeria, sit down comfortably on that chair. As a religious leader, I would say God has allowed you on that chair. If God puts you there, you must then know that he is watching you and that He will be asking you what you did on that chair,” he said

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Wema Bank Appoints New Deputy Managing Director and Executive Director

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Wema Bank, Nigeria’s innovative leader in banking and pioneer of Africa’s first fully digital bank, ALAT, is pleased to announce the appointment of a new Deputy Managing Director and an Executive Director. These strategic appointments, approved by the Board, come as part of the bank’s commitment to ensuring strong leadership succession. The new roles will take effect on December 1, 2024, following the retirement of Mr. Oluwole Akinleye, the current Deputy Managing Director.

Mr. Akinleye, whose retirement will be effective November 30, 2024, has been a vital pillar of Wema Bank’s growth and transformation. Over the past decade, he has demonstrated exemplary leadership across various capacities, including overseeing the Southwest Business, Corporate Banking Division, Customer Experience Management, and Corporate Sustainability. His tenure has been marked by significant contributions to the bank’s strategic objectives and market positioning.

In expressing gratitude for his service, the Board of Directors and management of the Bank disclosed that Mr. Akinleye’s dedication and strategic foresight have been instrumental to Wema Bank’s transformation journey. He is deeply appreciated for his invaluable contributions and they wish him the very best in his future endeavors.

As part of its robust succession planning, Wema Bank has appointed Mr. Oluwole Ajimisinmi as Deputy Managing Director. Mr. Ajimisinmi, who joined Wema Bank in 2009 as Company Secretary/Legal Adviser, was appointed as an Executive Director in 2020. With years of experience in corporate governance, strategic leadership, and banking, he is well-positioned to steer the bank towards its next phase of growth and innovation.

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The bank has also named Mr. Olukayode Bakare as Executive Director, effective the same date. A seasoned finance and treasury expert with years of industry experience, Mr. Bakare has been a key driver of Wema Bank’s Treasury, Wholesale Funding, and Global Trade Business. His extensive expertise and leadership will further bolster the bank’s commitment to delivering innovative financial solutions.

Commenting on these appointments, the Board of Directors and management of the Bank said these appointments underscore Wema Bank’s commitment to building a future-ready leadership team. According to the Bank, Mr. Ajimisinmi and Mr. Bakare bring a wealth of expertise, passion, and a clear vision to their new roles. The Bank is confident that their leadership will propel Wema Bank to new heights, ensuring sustained innovation and value creation for its stakeholders.

Wema Bank remains committed to its mission of delivering cutting-edge banking solutions through technology and innovation. With these leadership changes, the Bank is poised to maintain its position as a trailblazer in Nigeria’s financial services sector.

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