Categories: BUSINESS

Bill Seeking Monthly Payment Of Rent In Abuja Passes Second Reading In Senate

The Nigerian Senate has passed a bill seeking to regulate rent payments in the Federal Capital Territory (FCT) Abuja for the second reading.

ABN TV reports that the proposed legislation, sponsored by Senator Smart Adeyemi (All Progressives Congress, APC, Kogi State), specifically seeks to stop yearly advance payment of rents and compel house owners to collect rent monthly in arrears.

Adeyemi said many properties in Abuja were empty because of the outrageous rents placed on them.

“Many residents of FCT are finding it very difficult to cope with huge rent payment, the reason many of the houses built for such purpose are empty.”

He said some landlords always insist their tenants pay one year or two years’ rent.

Sponsored

READ ALSO: Okorocha Officially Joins Presidential Race, Vows To Beat Buhari’s Record

“That is wrong. There are many tenants whose salaries are competing with their rents because they live in cities like Abuja,” he said.

Speaking on the issue, Senator Aliyu Sabi Abdullahi (APC, Niger), described the proposed law as people-centred and urged his colleagues to support its passage.

SPONSORED
ABN TV EDITOR

ABN TV is one of the most visited news platform across Nigeria and the world over. It has carved a niche for itself in delivering authentic, accurate news.

Recent Posts

Farotimi Reunites With Family After Meeting Bail Conditions

Human rights lawyer and activist, Dele Farotimi has regained freedom after meeting his bail conditions.…

7 minutes ago

IPAC Decries Hunger, Urges Govt To End Suffering

IPAC has urged governments to address the growing poverty and hunger following tragic deaths during…

32 minutes ago

NDDC Begins Repairs Of Owerri-Port Harcourt Road

Dr. Samuel Ogbuku, the Managing Director of the NDDC, has visited the ongoing repairs being…

46 minutes ago

Uninterrupted Power Supply Kicks Off In Ibadan

Governor Seyi Makinde's 11 megawatt Ibadan Hybrid Power Project kicked off operation earlier this month.…

1 hour ago

“Tinubu’s Reforms Will Soon Deliver Results” – Minister

Dr. Iziaq Salako, the Minister of State for Health and Social Welfare, has reassured Nigerians…

1 hour ago

LPDC Dismisses Disbarment Petition Against Dele Farotimi

LPDC aborted Chief Afe Babalola’s (SAN) request to revoke Dele Farotimi over allegations of criminal…

1 hour ago