Homeowners in soup as government cracks down on exorbitant rent charges

  • Lagos State is set to begin penalizing homeowners found guilty of renting out their apartments at exorbitant fees
  • The government said it is now ready to ensure sanctions are executed against individuals thriving in such extortionist acts
  • It also emphasised that guilty offenders will face severe consequences, including the forfeiture of their houses

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

The Lagos State Government has announced its intention to enforce penalties against homeowners discovered to be charging excessively high rents for their apartments.