Connect with us

General

Bill to Stop Annual Rents in FCT Passes Second Reading at Senate

Published

on

senate-scrapped-ncc-nominee

By Modupe Gbadeyanka

A bill to regulate payment mode for rents in the Federal Capital Territory (FCT) Abuja on Tuesday scaled the second reading at the Senate.

The upper chamber of the National Assembly wants to make it illegal for property owners to collect annual rents from tenants but on a monthly basis.

The sponsor of the bill tagged A Bill for the Regulation of Advanced Rent on Residential Apartments, Office Space, Mr Smart Adeyemi, argued that it would make life less stressful for residents of the city.

He explained that the bill seeks to regulate the mode of payment of rent on residential apartments, office space, rooms and accommodation in the FCT.

“If passed, this bill will improve the well-being and standard of living of residents and minimise corruption and immorality emanating from the oppressive tenancy system in the Federal Capital Territory.

“This bill will make life less stressful and less painful for the majority of the down-trodden and low-income earners in the Federal Territory,” Mr Adeyemi said.

He explained further that due to the global economic recession, life has become very challenging and almost unbearable for the low-income earners despite the huge palliative measures by the federal government through the N-POWER traders money.

He noted that in the FCT, landlords demand between one to three years of advanced rent, a situation which he pointed  “automatically adds a huge burden on the masses, subsequently giving rise to desperation and corruption.”

The lawmaker lamented that the “tenancy system has continuously impoverished Nigerians who are salaried employees that can only pay rent after haven received their first remuneration.”

“This tenancy system is un-African, unIslamic and indeed unbiblical,” he added, expressing concerns that many residents of the FCT are finding it difficult to cope with huge rent payment, adding that, “many houses built within the city centre for such purposes are empty.”

He said that yearly tenancy has continued to breed corruption, moral decadence and huge inequality as low-income earners cannot afford to continually pay their rent.

According to him, some tenants now engage in corrupt practices, immorality, and even criminal acts to meet the pressing need for shelter.

He underscored the need for Legislation aimed towards justice, fairness, equity and improved standard of living.

He noted that in the FCT, a single one-room apartment ranges from N1 million to N2 million within the city, noting that in the satellite towns such as Kubwa, Nyanya, Kuje, Lugbe, rents are still not affordable for the common man as it ranges from N350,000 to N500,000.

He stated that the bill, therefore, seeks to reduce advance payment for new tenants to three months and, thereafter, proceed with the monthly payment scheme.

“It also seeks to protect low-income earners from any form of oppression by homeowners.

“The bill also seeks to provide a window for legal action for any form of oppression.

“Importantly, it will also serve as a safety net for Landlords against erring tenants,” he added.

Contributing to the debate, Mr Aliyu Sabi Abdullahi, while supporting the bill, described the piece of legislation as “people-centred.”

He said, “The truth is out there, many residents in the FCT are groaning under this very difficult system where people are expected to pay house rent in advance.

“With the policy where the government has withdrawn participation in providing official quarters with demonetization, we are all aware, young Nigerians who are gaining employment within the precinct of the FCT for example, majority of them are actually in the outskirts.

“This is because it is extremely difficult for most of these young Nigerians to get the quantum of money that represents two years rent.

“[And] so, Mr President, I think we are doing the right thing if we look at the intendment of this bill.

“If there is a good system as this, where on a monthly basis as the man receives his salary, he is making payment for what he has consumed,  I think it will be a very good and welfare-oriented system, one that is friendly to those that do not have.”

The Deputy Senate President, Mr Ovie Omo-Agege, who presided over the plenary, described the bill as “popular” owing to the number of Nigerians who have shown interest in it.

However, Mr Chimaroke Nnamani, the only lawmaker in the chamber who spoke against the bill, argued the issue of rent payment should be driven by market forces.

“The issue of rental payment, either in advance or instalments is purely economical and should be driven by market forces.

“Such market forces as availability of land, cost of building materials and income.

“If the government wants to ameliorate the sufferings of the masses, the government can go into housing schemes, mortgage schemes, housing credit facilities, not control the business of private individuals in an emerging African democracy.

“I, therefore, oppose, and oppose vigorously this bill”, he said.

Senators, however, voted overwhelmingly in support of the bill when the Deputy Senate President put the question for it to be read a second time.

The bill was subsequently referred by Mr Omo-Agege to the Committee on Housing and Urban Development for further inputs.

The committee was given four weeks to report back to the Senate in plenary.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

General

Finance Ministry Directs Shippers, Airlines to Submit Manifests via Single Window Project

Published

on

NLNG Shipping Arm

By Adedapo Adesanya

The Ministry of Finance has directed all shipping companies and airlines operating in Nigeria to submit their manifests through the Single Window Project (SWP) as part of efforts to strengthen cargo tracking and transparency.

The submission of shipping manifests before the change of policy was handled exclusively by the Nigeria Customs Service (NCS) for onward cargo processing and port clearance.

However, following a memo from late last year signed by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, all shipping firms and airlines were directed to integrate with the National Single Window platform to ensure seamless Manifests submission.

“I would like to bring to your attention that His Excellency, President Bola Ahmed Tinubu inaugurated the National Single Window (NSW) Project on the 16th of April 2024.

The NSW Project aims to streamline and automate import and export processes at Nigeria’s entry & exit ports, with the dual goals of enhancing trade facilitation and increasing government revenue.

“By integrating the operations of multiple government agencies involved in trade processes on one platform, the NSW platform will ensure faster clearance of goods and services, improve operational efficiencies at the imports and significantly reduce bureaucratic bottlenecks.

“Key components of the Single Window as defined by the World Trade Organisation (WTO) and World Customs Organisation (WCO) include: (a) a single-entry point i.e. traders, shipping lines, airlines and other stakeholders should submit all required import and export documentation through a single-entry point on a centralized digital platform, and (b) single submission i.e. all documentation should only be submitted once and data only entered once.

“As a result, the NSW Platform will be the single-entry point of submission for all Sea and Air Manifests. Therefore, all shipping lines and airlines are therefore directed to integrate with the NSW Platform to ensure seamless Manifests submission,” parts of the memo read.

The Comptroller-General of the NCS, the chairman of the Nigerian Revenue Service (NRS), the Managing Director of the Nigerian Ports Authority (NPA), the Managing Director of the Federal Airports Authority of Nigeria (FAAN) and the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) were copied in the memo.

Continue Reading

General

Dangote Drags ex-NMDPRA Boss Farouk Ahmed to EFCC

Published

on

Dangote and Farouk

By Aduragbemi Omiyale

The petition written against the immediate past chief executive of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, which was withdrawn from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has now been taken to the Economic and Financial Crimes Commission (EFCC).

The letter was written by the chairman of Dangote Industries Limited (DIL), Mr Aliko Dangote. It contained allegations of allegations of abuse of office and corrupt enrichment against Mr Ahmed.

The petition led to the resignation of the former NMDPRA chief from office last month.

It was gathered that Mr Dangote, through his legal representative, filed a formal corruption petition against him at the headquarters of the EFCC, with specific plea of prosecuting Mr Ahmed if found culpable.

The businessman said the withdrawal of the petition from the ICPC was a strategic move aimed at accelerating the prosecution process.

 In the petition signed by his lead counsel Mr O.J. Onoja (SAN), Mr Dangote noted that, “We make bold to state that the commission is strategically positioned along with sister agencies to prosecute financial crimes and corruption related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624)337.”

He further urged the anti-money laundering agency, under the leadership of Mr Olanipekun Olukoyede, “…to investigate the complaint of Abuse of Office and Corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”

“The commission’s firm resolve in handling this matter with dispatch is not only imperative and expedient but will also serve as a deterrent to other public officers out there with such corrupt proneness and tendencies,” he added.

Recall that on December 14, 2025, Mr Dangote raised concerns about Mr. Ahmed’s financial dealings, alleging that the former regulator is living far beyond his legitimate means.

According to him, four of Mr Ahmed’s children attended elite secondary schools in Switzerland, incurring costs running into several millions of dollars—an expenditure that raises questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum industry.

Mr Dangote listed the schools attended by Mr. Ahmed’s children: Faisal Farouk (Montreux School), Farouk Jr. (Aiglon College), Ashraf Farouk (Institut Le Rosey), and Farhana Farouk (La Garenne International School), noting that each child spent six years in these institutions. He estimated annual tuition, travel, and upkeep per child at $200,000, totaling approximately $5 million for their secondary education.

Additionally, he alleged that Mr Ahmed spent another $2 million on tertiary education for the four children, including $210,000 for Faisal’s 2025 Harvard MBA program.

“Nigerians deserve to know the source of these funds, especially when many parents in Mr Ahmed’s home state of Sokoto struggle to pay as little as N10,000 in school fees,” Mr Dangote stated.

Continue Reading

General

Chimamanda Ngozi Adichie Loses One of Twin Sons After Brief Illness

Published

on

Chimamanda Ngozi Adichie

By Adedapo Adesanya

Nigerian author, Ms Chimamanda Ngozi Adichie, and her husband, Dr Ivara Esege, have lost one of their twin sons, Nkanu Nnamdi.

According to a statement issued on Thursday by Ms Omawumi Ogbe, on behalf of the family, the 21-month-old baby passed away on Wednesday, January 7, 2026, after a brief illness.

The statement said the family is devastated by the loss, and requested that their privacy be respected during this difficult time.

“We’re deeply saddened to confirm the passing of one of Ms Chimamanda Ngozi Adichie and Dr Ivara Esege’s twin boys, Nkanu Nnamdi, who passed on Wednesday, 7th of January 2026, after a brief illness. He was 21 months old.

“The family is devastated by this profound loss, and we request that their privacy be respected during this incredibly difficult time.

“We ask for your grace and prayers as they mourn in private.

“No further statements will be made, and we thank the public and the media for respecting their need for seclusion during this period of immense grief,” the statement read.

Ms Adichie is known for works including Half of a Yellow Sun, Americanah and her 2012 Ted Talk and essay We Should All Be Feminists, which was sampled by Beyoncé on her 2013 song Flawless.

The 48 year old writer had her first child, a daughter, in 2016. In 2024, her twin boys were born using a surrogate.

In 2020, her 2006 novel Half of a Yellow Sun was voted the best book to have won the Women’s Prize for Fiction in its 25-year history.

Her latest book, Dream Count, was published in 2025.

Continue Reading

Trending