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N5bn Raised To Kick-off Monthly Rental Policy In Lagos

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Babajide Sanwo-Olu of Lagos State

The Lagos State Government has urged Lagosians to key into the proposed Lagos monthly rental policy initiated to kick off in 2022.

Speaking at the 2nd Lagos Real Estate Marketplace conference and exhibitions, tagged: ‘Lagos 21st century real estate investment hub’ organised by the Lagos State Real Estate Regulatory Authority, LASERA, Special Adviser to the Lagos State governor on Housing, Mrs Toke Benson- Awoyinka said: “With the state of the country, we cannot really enforce monthly tenancy.

“We need to create an enabling environment for people to subscribe into it. Once people understand how it works, people would rather subscribe than pay their landlord.

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“The state government spoke to quite a number of financial institutions in a bid to gather funding at a very minimal interest rate, the same way we do it in the mortgage board and Lagos home scheme but we find it difficult putting those big funds together.

“We have various components like the insurance, the financiers, we have the landlord, we have the tenants and then we have the legal.

READ ALSO: Maritime Crimes Cost Nigeria N329.5 billion — MAN Rector Laments

“We have put five components together as a state government; midwife the policy we made it seamless and easily accessible by citizens of the state.”

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On her part, Nigeria’s real estate company, The Address Homes, representative, Mrs Olufunke Morunfoye who commended policy said: “It’s a good development for many people that cannot afford the humongous yearly payment.

But our product is actually for all because we enable everybody that comes to us to have a home. With our flexible payment plan, lots of people that think they cannot afford a home in Ikoyi are doing so.

“Nigerians in Diaspora that complained about uneasy payment plan of other developers are compelled to come to us due to our subtle payment plan that is second to none.”

In the same vein, the Lagos State Commissioner for finance, Dr Rabiou Olowo, reiterated that what made it important is because of its impact on society.

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“We did a rental experience survey and we found out that 88 per cent of Lagosians would rather pay their rent monthly.

“At that point, we felt that it was an important policy for the Lagos government to conceive and Governor Babajide Sanwo-Olu immediately keyed into it. The solution will create resilience throughout Lagos. It is going to bring a lot of relief for tenants.

“We worked with lots of stakeholders groups including landlords, tenants, lawyers, financial institutions.

“We came up with a fit of purpose structure that would enable us to launch a monthly rental model in Lagos. As part of putting it together, we have gone through a lot of risk analysis and risk evaluation to look at how it would work.

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“We have met with a lot of stakeholders like: Landlords, tenants, lawyers are there, agents are there, we have financial institutions and we also have technical advisers that will come up with a purpose structure that will enable us to launch a monthly rental model in Lagos. We have gone through lots of risk analysis to know it would work.

READ ALSO: Effective Management Of Water Resources, Major Challenge, Reps Member Laments

“We went on to look at operational risk, legal risk and default risk. With all the insight we got from the survey, we came up with a model that would now be launched as the Lagos monthly rental policy.

“We put together with our stakeholders, especially the financial institution a N5 Billion portfolio to kick off this idea and we are welcoming more support from other financial institutions in order to raise the bar of the portfolio to be able to enjoy the policy”.

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Kenya Deports Nigerian Captured On CCTV Assaulting Woman In Wheelchair [VIDEO]

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A Nigerian national who was caught on CCTV camera assaulting a Kenyan woman confined to a wheelchair in Nairobi has been deported.

In the footage that went viral on April 26, 2024, the Nigerian man identified as John Nwankwo Noko, is seen clobbering a helpless Ms. Pauline in the head before two other ladies looking on intervened to stop the act.

In a statement signed by State Department of Gender Principal Secretary Anne Wang’ombe, Nwankwo was deported on Saturday, May 4, 2024, for assaulting his partner, Ms Pauline.

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He is accused of physically assaulting his partner, a Kenyan woman confined to a wheelchair, raising concerns about cases of Gender-Based Violence (GBV).

READ ALSO: 70 Passengers Fall Ill, Vomit Bug During Flight From Mauritius To Frankfurt

“The act of violence has not only violated the rights of an individual but has also highlighted the broader issues of gender-based violence, that is rampant in our society,” Orwoba said in the statement.

The case was first brought to the attention of the police by Nominated Senator Gloria Orwoba on Wednesday, May 1.

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Orwoba, acting on the video that first went viral on social media on April 29, visited the woman at her home, who confirmed that her life was in danger.

She [the woman] claimed that her Nigerian partner “had been threatening to kill her and her two domestic workers if they outed him,” Orwoba said.

Senator Orwoba then reported the matter to Karen Police Station, after which it was picked up by the offices of Interior Cabinet Secretary Kindiki Kithure, and that of Immigration PS Julius Bitok.

READ ALSO: Woman Wins $1million Lottery For Second Time In 10 Weeks

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Mr Nwankwo Noko has been arrested and processed for deportation,” Gender PS confirmed.

The nominated senator, who has continually advocated for violence against women has since demanded an end to the rising cases, saying they not only leave women with physical and emotional damage but also tear the moral fabric of our society.

We strongly condemn such behavior and we shall continue working towards creating a safer environment for women, free of fear,” Orwoba added.

Watch footage below:

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Woman Wins $1million Lottery For Second Time In 10 Weeks

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Christine Wilson of Attleboro recently claimed a $1 million jackpot, the Massachusetts State Lottery announced on Wednesday, May 1.

Amazingly, it marked the second $1 million prize she’d won in just 10 weeks.

Wilson’s latest winnings came from playing the 100X Cash $10 instant ticket game. The scratch game involves matching any of the player’s numbers or bonus numbers to any winning number.

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READ ALSO: 70 Passengers Fall Ill, Vomit Bug During Flight From Mauritius To Frankfurt

In February, Wilson claimed her first $1 million lottery prize after playing the Lifetime Millions $50 instant ticket game.

When she won her first prize, Wilson said that she would use some of the money to buy an SUV. Now she plans to put her new winnings towards savings.

As with her first jackpot prize back in February, for her latest win, Wilson opted for the cash payout option of $650,000 before taxes.

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And it’s not just Wilson who is reaping the rewards for her latest jackpot. The Family Food Mart that sold her the ticket will receive a $10,000 bonus.

READ ALSO: NAF Kills Several Terrorists In Borno, Niger Airstrikes

Wilson joins other lucky folks who have won a lottery jackpot twice in the last year. In February, a Michigan man won a $110,000 prize by playing the state’s Fantasy 5 Double Play drawing. Six months earlier, the man had also netted $110,000 via the same game.

Meanwhile, in October 2023, Jennifer Minton of Gloucester, Virginia, won $50,000 playing that state’s Safari Quest online game. A week later, she won again, netting a $1 million prize.

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And in March of that same year, a couple from Australia scored two $1 million prizes on separate tickets in the same drawing for Australia’s Monday & Wednesday Lotto game.

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70 Passengers Fall Ill, Vomit Bug During Flight From Mauritius To Frankfurt

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About 70 passengers fell ill with a vomiting bug mid-way through their flight from Mauritius to Frankfurt.

According to Mail Online, Condor airline Flight DE2315 was travelling on Thursday, May 2, from Mauritius to Frankfurt when it became clear that many passengers on board were suffering from the bug.

The aircraft landed in the German city at around 5.33pm where it was greeted with a large contingent of emergency services.

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Crew had called ahead to alert officials on the ground of the unfolding emergency.

READ ALSO: Teenager Jailed For Life For Murder Of 16-year-old Boy At House Party

It was found that 70 of the 290 passengers onboard had suddenly reported symptoms including nausea and vomiting.

A spokesperson for the Germany airline confirmed the incident to the country’s Bild tabloid, adding that the crew was not affected by the illness.

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‘She [the pilot/crew] is also educated and trained for special situations like this,’ the statement to the newspaper said.

‘After carefully examining the overall situation, the flight continued. The aircraft landed safely in Frankfurt, where medical professionals were available to care for the affected guests.’

READ ALSO: How Flight Engineer Saved Us From Disaster — Ex-DG, Bureau of Public Service Reforms

The airline, however, did not confirm the cause of the sudden illness, but noted that the food onboard would have been prepared in Mauritius.

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‘Condor has already initiated an investigation into the case to get to the bottom of the cause and to derive possible measures from it,’ the spokeswoman added.

Condor is working closely with all responsible partners and authorities. There is currently no result available.

‘We generally do not participate in speculation about the cause, for example about individual menus on board that were prepared in Mauritius,’ the statement added.

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