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The Lagos State Governor Babatunde Fashola has threatened that any landlord found contravening the law on rentage would be made to face the music. Fashola particularly frowned at the situation where residents were asked to pay a two-year rent in advance in an economy where they receive their salaries in arrears. “We see it as a wrong when a society pretends that all is well when people are asked to put forward two years rent in advance when they are getting monthly wages in arrears; something is wrong. And if we are also comfortable with it there is something wrong with us,” he said.
The governor who disclosed this while presenting a keynote address at the 2014 Real Estate Unite organised by 3Invest Limited held in Lagos recently, also spoke on the science of building a mega city in Africa’s largest economy as part of the Finance, Infrastructure, Redtape and Education (FIRE). He added that with mortgage assistance, people with steady low income could own decent and affordable housing. He described the issue of providing accommodation as a serious matter that should be undertaken through self and public education.
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