General
Lagos Unveils Housing Policy For Masses

By Dipo Olowookere
In fulfilment of his campaign promise that his administration would come up with a new housing policy that will make all residents in the state have access to shelter irrespective of their social status, tribe or income, Lagos State government has unveiled affordable housing units spread across the three Senatorial Districts.
Speaking at the unveiling of the new housing policy in Epe, Governor Akinwunmi Ambode stated that the policy was in line with the set objectives of his administration to make life more comfortable and easy for all Lagosians irrespective of their status, tribe or level of income.
He said the initiative, tagged ‘Rent-To-Own and Rental Housing Policy’ represented an improvement on the Lagos Home Ownership Mortgage Scheme inherited from the previous administration, under which a beneficiary was required to make an initial payment of 30% as equity contribution with monthly payment of the balance spread over a period of 10 years.
The Governor, who was represented at the event by his Deputy, Dr Idiat Oluranti Adebule expressed happiness that the new housing policy would benefit low income earners, traders and the general masses, adding that the feedback from the general public on the previous Lagos Home Ownership Mortgage Scheme indicated that there was a need to review the former policy such that more people will have the opportunity to participate in the process.
Mr Ambode disclosed that government has put necessary measures in place to ensure total transparency in the procedure and allocation of flats to prospective owners, warning members of the public to follow the normal guideline and not pay a dime to any individual or agent as bribe, stating that the scheme is aimed at alleviating the housing problem of the masses and not a way of extorting them.
“I want to assure the people of Lagos State that the selection process will be credible, fair and transparent, you therefore don’t need to know anyone in government to apply for the home ownership programme,” he emphasised.
While explaining the various benefits of the new affordable housing policy, the Governor noted that prospective beneficiaries are free to choose between the Rent- To- Own and the Rental Housing arrangements, stressing that “Under the Rent to Own arrangement, beneficiaries are to pay only 5% of the value of the housing unit as commitment fee with the balance spread over 10 years while on the other hand, beneficiaries of the Rental Housing policy are required to be regular income earners who are to pay just an initial one month rent as deposit and move to occupy the house on lease agreement.”
He revealed that 80% of the available housing units will be operated under Rent-to- Own arrangement to enable the general masses enjoy its full benefits while the remaining 20% will be dedicated to Rental Housing, adding that, “I have directed Ministry of Housing and other relevant agencies to ensure there is full disclosure of information that will guide the general public in making their choices.”
Mr Ambode maintained that the implementation of the new housing policy will take off with the unveiling of more than 1,000 housing units in Epe, Agbowa, Ojokoro and Ikorodu.
Earlier, Commissioner for Housing, Prince Gbolahan Lawal explained that the new housing policy is in line with the desire of the present administration to provide affordable accommodation to all residents of the State.
He declared that since access to decent and affordable houses remain a very big challenge to many Lagosians especially under the current economic recession in the country, it is the policy thrust of the present administration to ensure that many public officers, employees of organised private sector, artisans and the general masses benefit from the affordable housing policy as a way of bringing dividends of democracy to their door step.
The Commissioner averred that the State Government has concluded plans to continue to engage the services of facility managers to ensure that the estates are well maintained and kept clean at all times.
General
NISO Attributes Electricity Woes to Inadequate Gas Supply
By Adedapo Adesanya
The Nigerian Independent System Operator (NISO) has attributed the poor power supply facing a considerable number of Nigerians to inadequate gas supply to thermal power plants.
Business Post reports that epileptic power supply has plagued consumers in Lagos, Oyo, Abuja, and Osun, among others, this month, leading to worries. Also, some businesses have recorded losses due to the epileptic power supply in their areas.
In a statement posted on its X handle, NISO disclosed that average available generation on the national grid currently stands at about 4,300 megawatts (MW), with the low output primarily attributed to gas supply constraints.
The system operator noted that thermal power plants, which account for the dominant share of Nigeria’s electricity generation mix, require an estimated 1,629.75 million standard cubic feet (MMSCF) of gas per day to operate at optimal capacity. However, as of February 23, 2026, actual gas supply to the plants was approximately 692.00 MMSCF per day.
The available supply represents less than 43 per cent of the daily gas requirement, resulting in constrained generation output and reduced electricity allocation to Distribution Companies (DisCos).
NISO, which independently manages the nation’s electricity grid, explained that any disruption or limitation in gas supply directly affects available generation capacity and overall grid output, given the heavy reliance on thermal plants.
It added that when total system generation drops significantly, the operator is compelled to implement load shedding across the network while dispatching available energy in line with allocation percentages approved under the Multi-Year Tariff Order (MYTO) framework of the Nigerian Electricity Regulatory Commission (NERC), to maintain grid stability and prevent system disturbances.
While expressing regret over the inconvenience to electricity consumers and market participants, NISO said it is working closely with relevant stakeholders to restore full energy allocation once gas supply improves and generation capacity returns to normal levels.
General
EFCC Re-Arraigns ex-AGF Malami, Wife, Son Over Alleged Money Laundering
By Adedapo Adesanya
The Economic and Financial Crimes Commission (EFCC) has re-arraigned former Attorney-General of the Federation (AGF), Mr Abubakar Malami (SAN), his wife, Mrs Asabe Bashir, and son, Mr Abdulaziz Malami, on money laundering charges.
They were brought before Justice Joyce Abdulmalik of the Federal High Court in Abuja, following the re-assignment of the case to the new trial judge.
Upon resumed hearing, EFCC’s lawyer, Mr Jibrin Okutepa (SAN), informed the court that the matter was scheduled for defendants’ re-arraignment.
“The matter is coming before your lordship this morning for the very first time. I will be applying for the plea of the defendants to be taken,” he said.
Mr Okutepa equally applied that the sums listed in Counts 11 and 12 be corrected to read N325 million instead of N325 billion for Count 11, and N120 million instead of N120 billion for Count 12.
When it was not opposed by the defence lawyer, Mr Joseph Daudu (SAN), Justice Abdulmalik granted the oral application by Mr Okutepa.
The defendants, however, pleaded not guilty to the 16 counts preferred against them by the anti-graft agency bordering on money laundering.
Justice Obiora Egwuatu had, on February 12, withdrawn from the case shortly after the civil case filed by the EFCC was brought to him.
The case was formerly before Justice Emeka Nwite, who sat as a vacation judge during the Christmas/New Year break.
After the vacation period, the CJ reassigned the cases to Justice Egwuatu, who had now recused himself, before it was reassigned to Justice Abdulmalik.
The former AGF, his wife, and son were earlier arraigned before Justice Nwite on December 30, 2025.
While Malami and his son were remanded at Kuje Correctional Centre, Asabe was remanded at Suleja Correctional Centre before they were admitted to N500 million bail each, on January 7, with two sureties each in the like sum.
General
INEC Shifts 2027 Presidential, N’Assembly Elections to January 16
By Adedapo Adesanya
Nigeria will hold next year’s presidential and National Assembly elections a month earlier than planned, after the Independent National Electoral Commission (INEC) revised the polling schedule.
The elections will be held on January 16, instead of the previously announced date of February 20, INEC said in an X post, signed by Mr Mohammed Kudu Haruna, National Commissioner and Chairman, Information and Voter Education Committee.
There were also changes to the Governorship and State Houses of Assembly elections initially fixed for Saturday, March 6 2027, in line with the Electoral Act, 2022, have now been moved to Saturday, February 6, 2027.
The electoral commission said the changes were caused by the enactment of the Electoral Act, 2026 and the repeal of the Electoral Act, 2022, which introduced adjustments to statutory timelines governing pre-election and electoral activities.
“The Commission reviewed and realigned the schedule to ensure compliance with the new legal framework,” it said.
INEC said party primaries (including resolution of disputes) will commence on April 23, 2026 and end on May 30, 2026, after which Presidential and National Assembly campaigns will begin on August 19, 2026, while Governorship and State Houses of Assembly campaigns will begin on September 9, 2026.
It noted that campaigns will end 24 hours before Election Day, and political parties have been advised to strictly adhere to the timelines.
INEC also stated it will enforce compliance with the law.
The electoral body also rescheduled the Osun Governorship election which was earlier scheduled for Saturday, August 8 2026, by a week to Saturday, August 15, 2026.
INEC noted that some activities regarding the Ekiti and Osun governorship elections have already been conducted, and the remaining activities will be implemented in accordance with the Electoral Act, 2026.
Speaking at a news briefing in Abuja two weeks ago, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year.
The timetable issued by the organisation for the polls at the time came when the federal parliament had yet to transmit the amended electoral bill to President Bola Tinubu for assent.
Later that week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.
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