Rent Woes & Inflation Bites: FCT Minister Urged to Regulate Tenancy and Protect Tenants As Nigerians continue to battle skyrocketing inflation and economic hardship, residents in the Federal Capital Territory (FCT) are calling on the FCT Minister to revisit and regulate tenancy practices. From unfair rent hikes to the exploitation of tenants by landlords and estate agents, the public is demanding binding legislation to curb abuse and restore balance in the housing sector. "Where there’s no law, there’s no transgression" — but regulation is now a necessity to protect vulnerable tenants and ensure fair play in the real estate market. The call is clear: Cap rent, bridge the housing deficit, and redefine landlord-tenant relationships for the good of all. #RentCrisis #TenantRights #FCTHousing #CapTheRent #InflationStruggles #AffordableHousingNow

From Luxury to Affordable: FG to Sell Emefiele’s Properties to Ordinary Nigerians The Federal Government has announced plans to sell properties seized from former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, to low and middle-income Nigerians. The move is part of a broader initiative to redistribute assets recovered through anti-corruption efforts, with a focus on addressing housing shortages and providing affordable real estate options for ordinary citizens. Government officials stated that the properties—mostly located in high-value urban areas—will be sold through a transparent, subsidized process aimed at empowering everyday Nigerians. This development follows Emefiele’s ongoing prosecution over alleged financial misconduct during his tenure at the apex bank. The government emphasized that the proceeds from the sales will be reinvested into public infrastructure and social welfare projects. The plan has drawn mixed reactions—while some have praised it as a bold step toward economic justice, others are calling for clarity on who qualifies and how the allocation will be managed. #Emefiele #CBN #FederalGovernment #AffordableHousing #NigeriaRealEstate