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Reps Advise FG, States to Cap Annual Rent Increases at 20%

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By Modupe Gbadeyanka

The federal government and the state governments have been advised by the House of Representatives to implement rent control measures to stop the exploitation of housing deficits in the country by landlords and real estate agents.

At the plenary on Thursday, the green chamber of the federal parliament said it was worried at the arbitrary hike in house rents by house owners in Nigeria, stressing steps must be taken to protect tenants.

The matter was put to debate at today’s session and most of the contributors lamented at the alleged exploitative natures of real estate agents, who were accused of conniving with house owners to charge exorbitant rates from tenants.

It was also claimed that some of the landlords increase their annual rents by more than 100 per cent, especially at this period many Nigerians are struggling to survive.

After speaking on the motion moved by Mr Bassey Akiba, the House charged the various tiers of government to enforce rent control measures across the country.

The lawmakers also tasked them to cap annual rent increases at no more than 20 per cent of existing rates to mitigate the financial burden on citizens.

Recall that some months ago, the Lagos State government, in a bid to stop the exploitation of tenants, declared that no agent or landlord should charge more than 10 per cent of the annual rent for tenancy agreement fees in the state, warning against illegal charges.

According to the Special Adviser to Governor Babajide Sanwo-Olu of Lagos State on Housing, Ms Barakat Odunuga-Bakare, any landlord or agent found demanding or collecting more than 10 per cent of the annual rent as agreement or legal fees is in direct violation of the state’s tenancy regulations.

Expressing concern over reports of unscrupulous practices, the Governor’s aide said, “We have been overwhelmed by reports of the activities of these unscrupulous elements making life hard for Lagosians with agreements and commissions that are like asking for an arm and a leg.

“We are calling on members of the public not to keep silent but to report such agents and landlords to us for the government cannot be everywhere, every time.”

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.

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ICPC to Probe Farouk Ahmed Despite Dangote’s Petition Withdrawal

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By Adedapo Adesanya

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said it would continue the probe of a former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Ahmed Farouk, despite the withdrawal of the petition by Mr Aliko Dangote.

The agency said it had received a “notice of withdrawal” of the petition against Mr Ahmed, submitted by a legal counsel to the petitioner.

Recall that Mr Dangote had alleged that Mr Ahmed, a public servant, spent over $7 million in public funds on the education of his four children in different schools in Switzerland, allegedly paying fees upfront for a period of six years.

In December, the businessman demanded the arrest, investigation, and prosecution of the former MD for allegedly living above his means as a public servant.

In the petition, Mr Dangote listed the children and their schools in Switzerland, including the amount paid for each of them to establish his allegations and verification by the anti-graft agency.

Mr Ahmed denied the allegations, describing them as “wild and spurious”.

The ex-NMDPRA boss has since resigned from his position, prompting a withdrawal of the petition by the businessman.

However, the ICPC said in line with the provisions of sections 3(14) and 27(3) of its enabling law, it would continue to investigate the matter in line with its statutory mandate and in the interest of transparency, accountability, and the fight against corruption for the benefit of Nigeria.

“The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is in receipt of a letter dated January 5, 2026, titled “Notice of Withdrawal of Petition against Engineer Farouk Ahmed,” submitted to the Commission by Dr. O.J. Onoja, SAN and Associates, legal counsel to Alhaji Aliko Dangote,” a statement by the spokesperson of the commission, Mr J. Okor Odey, partly read.

“The letter from O. J. Onoja SAN, states that the petitioner has withdrawn the petition dated 16 December, 2025, submitted against Engineer Farouk Ahmed, the immediate past ACE/CEO of the NMDPRA, in its entirety, and that another law enforcement agency has taken over.

“The ICPC wishes to state categorically that, in line with the provisions of sections 3(14) and 27(3) of its enabling Act, the investigations in the interest of the Nigerian people and the Nigerian state have already commenced and are presently ongoing,” the statement added.

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Rivers Assembly Begins Impeachment Proceedings Against Governor Fubara

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By Aduragbemi Omiyale

Members of the Rivers State House of Assembly have commenced impeachment proceedings against Governor Sim Fubara.

The exercise commenced on Thursday and if successful, it would see the removal of Mr Fubara from office by the state parliament.

This is coming less than less than four months after he was restored as the Governor of the oil-rich state from a six-month suspension on democracy in the state.

In March 2025, President Bola Tinubu suspected Mr Fubara and the Rivers State House of Assembly over political tension between the Governor and his predecessor, Mr Nyesom Wike, who is now the Minister of the Federal Capital Territory (FCT) Abuja.

A peace deal was reportedly brokered by Mr Tinubu between Mr Fubara and Mr Wike but things fell apart a few months after.

The Rivers Assembly is populated by loyalists of Mr Wike and has lawmakers from the All Progressives Congress (APC) and the People’s Democratic Party (PDP).

A few weeks ago, the Governor decamped from the PDP to the APC, in a move described as a masterstroke because it was calculated that it would free Mr Fubara from the grip of Mr Wike, who has been expelled from the PDP but yet to join the APC.

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Dangote Withdraws Petition Against Ex-NMDPRA CEO Farouk Ahmed

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By Modupe Gbadeyanka

The petition filed by Mr Aliko Dangote to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against the former chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, has been withdrawn.

The businessman had accused Mr Ahmed of using his office to enrich himself and living above his means.

According Mr Dangote, the former NMDPRA chief spent about $7 million belonging to Nigerians for the primary education of his four children in Switzerland.

In the heat of this, Mr Ahmed resigned from the position, with the ICPC promising to further look into the matter.

It was gathered that the owner of the Lagos-based Dangote Petroleum Refinery has withdrawn his petition against Mr Ahmed from the ICPC because a similar complaint is already being investigated by the Economic and Financial Crimes Commission (EFCC).

The ICPC, in a statement signed by its Head of Media and Public Communications, Mr John Okor Odey, on Wednesday said, “The ICPC is in receipt of a letter dated January 5, 2025, titled ‘Notice of Withdrawal of Petition against Engineer Farouk Ahmed’, submitted to the commission by Dr. O.J. Onoja, SAN and Associates, legal counsel to Aliko Dangote.

“The letter states that the petitioner has withdrawn the petition dated December 16, 2025, submitted against Engineer Farouk Ahmed, the immediate past ACE/CEO of the NMDPRA, in its entirety, and that another law enforcement agency has taken over.

“The ICPC wishes to state categorically that, in line with the provisions of Sections 3(14) and 27(3) of its enabling Act, investigations in the interest of the Nigerian people and the Nigerian state have already commenced and are presently ongoing.

“The ICPC will therefore continue to investigate this matter in line with its statutory mandate and in the interest of transparency, accountability and the fight against corruption for the benefit of Nigeria.”

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