LAGOS STATE HOLDS 2017 STAKEHOLDERS FORUM ON FRAUDULENT PRACTICES IN REAL ESTATE TRANSACTION, GIVES DETAIL ON RENT-TO-OWN POLICY. | Shakiru Seidu. The Rent-to-Own Policy is aimed at bridging the gap of Lagos State Housing deficit of about 2.55 million in the next 10 years, Hon. Akinsola revealed.

Tuesday, 19th of December was another significant day in the history of the Ministry of Housing, Lagos State when the concerned stakeholders gathered to deliberate the prevalence of fraudulent practices in Real Estate Transaction in Lagos State at Adeyemi Bero Auditorium, Ikeja.

The programme which witnessed the presence of three Guest Speakers who spoke deeply on how to curb the incessant fraud activities among the Agents, also saw the Commissioner for Housing, Prince Gbolahan Lawal, who revealed the assiduous efforts of Gov Ambode to make Housing affordable in Lagos State.

"Since 1999, the Lagos State Government have built Houses of over 30,000 units and still willing to do more in alleviating the pain of Lagosians, Prince Gbolahan explained.

In her eloquent address, the Special Adviser to Governor Akinwunmi Ambode on Housing, Hon Adebimpe Akinsola, revealed the determination of the government to checkmate the incessant fraudulent acts of some Real Estate Agents.

On Rent-To-Own Policy, Hon Akinsola said the policy is introduced by the Administration of Governor Akinwunmi Ambode to make Housing more readily available to the teaming population of Lagos State. This Policy is to ensure that more people that wouldn't have been home owners are accommodated. It is a system whereby prospective home owners make a 5% down payment, take possession and pay up the remaining balance as rent towards the ownership of the property over a period of 10 years, she explained.

"The policy is aimed at bridging the gap of Lagos state Housing deficit of about 2.55 million in the next 10 years and sensitizes the citizenry to own a home with 5% of the value as equity.

"ELIGIBILITY CRITERIA
1. Applicant must be primarily resident in Lagos State and will be required to submit a copy of thier Lagos State Residents Registration Card.
2. Applicants must be First Time Buyer.
3. Applicant must be 21 years old and above.
4. Only tax compliant applicants will be eligible under the Lagos State Rent To Own policy and must provide proof of tax payment.
5. Applicants must be able to make the 5% commitment fee payment.
6. Applicants must pass the affordability test and not more than 33 1/3 of the monthly income as repayment," Hon. Akinsola added.

SHAKIRU SEIDU
The Publisher, MegaXpression Magazine

Comments

FRESH AIR IN ELEPE COMMUNITY, AS SANWO-OLU INSTALLS OBA GANIU ADEKOYEJO OMOTAYO AS FIDIMOLU OF ELEPE KINGDOM, AFTER 46 YEARS AS BAALE. | Shakiru Seidu. ...Monarchs, Lawmaker, Council Chairmen, Others urge new Monarch to preserve heritage, foster unity among people.

Everyone unequivocally rejoiced as His Royal Majesty, Oba Ganiu Adekoyejo Omotayo, Olutemowo 1, Fidimolu of Elepe Kingdom, in Igbogbo/Bayeku LCDA, ascended the throne of his forefathers on Thursday, July 18, 2024. There is no much ado that the choice of a quiet achiever, a liberal, visionary, cultured, goal-getter, and profound gentleman, will surely bring progress to Elepe Kingdom, MegaXpression learnt. In his address during the presentation of Staff of Office, the Executive Governor of Lagos State, Mr Babajide Olusola Sanwo-Olu , said the government has scrutinized and accepted that due process has been followed in the selection of the Fidimolu of Elepe Kingdom. According to the Governor, who was ably represented by Commissioner for Chieftancy Affairs and Rural Development, Lagos State, Hon. Bolaji Kayode Robert , said it would be recalled that the people of Elepe Community in Igbogbo/Bayeku LCDA were persistent in their request for a traditional ruler after Oba Gan...

IYALOJA GENERAL: ASIWAJU OLORUNFUNMI BASORUN FROWNS AT IGBOGBO MONARCH, FOLASHADE TINUBU-OJO, DESCRIBING THEIR ACTIONS AS NULLITY. ...Insists rule of law must be respected, to avoid another crisis in Igbogbo.

The Asiwaju of Igbogbo Kingdom and the ordained 'Baba Aladura', Chief Reuben Olorunfunmi Basorun , has expressed displeasure over the Capping of Iyaloja General of Igbogbo/Bayeku LCDA, while describing the actions of His Royal Majesty, Oba Semiudeen Orimadegun Kasali , Adeboruwa of Igbogbo Kingdom and Chief Folashade Tinubu-Ojo , the Iyaloja General of Lagos State, as Nullity . This was explained to MegaXpression Correspondence , during a press briefing at his Igbogbo residence on Monday, November 25, 2024. Basorun , who's the former SSG Lagos State, and Member, Governance Advisory Council GAC, insisted that he cannot be in Igbogbo and allow issues that can bring crisis to the town again happen, noting that Igbogbo has not recovered from the wound of the past crisis during the reign of late Oba Johnson Olatunji Fatola . According to Asiwaju , "I avoided a national press briefing on this matter, because I have advised that we should avoid it t...

GROSS MISCONDUCT: OBA KASALI REMOVES SHAKIRU SANNI AS OLUMALE ELUKU OF IGBOGBO KINGDOM. ...Says his removal is aimed at safeguarding the sanctity, culture, tradition and prestige of Igbogboland. ...Dissolves 'Menden' Group, Inaugurates 'Ijashi-Ilu' to oversee traditional institution in Igbogbo.

Mr Shakiru Sanni was on Wednesday, May 15, 2024, removed from his position as the Olumale Eluku of Igbogbo Kingdom, after his alleged gross misconduct and disrespect to the Adeboruwa of Igbogbo Kingdom, His Royal Majesty, Oba Semiudeen Orimadegun Kasali and traditional institution of Igbogboland. Mr Shakiru Sanni of Amoju branch, Lantan Onanusi Family in Igbogbo, was made the Olumale Eluku of Igbogbo few years back, and accused of insubordination, abused of tittle and total disrespect to the King, traditional institution of the land and Lantan Onanusi Family. During the meeting held at Osugbo Abalaye Shrine , where Lantan family were asked to pay fine of almost One million naira worth of sacrifice because of Mr Shakiru Sanni's misconduct, the Adeboruwa of Igbogbo Kingdom, His Royal Majesty, Oba Semiudeen Orimadegun Kasali , emphasized that Shakiru Sanni's removal as Olumale Eluku was to safeguard the sanctity, culture, tradition, religion and prestige of Igbogbo...

MegaExpression Magazine

Search This Blog