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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

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“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.”

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.

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“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.

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

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“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.

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“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.

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“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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FG Summons S. African Envoy Over Rising Xenophobic Attacks On Nigerians

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The Federal Government has summoned the Acting High Commissioner of South Africa in Abuja over renewed concerns about xenophobic attacks and protests targeting foreign nationals, including Nigerians, living in that country.

The Ministry of Foreign Affairs said the envoy is expected at its headquarters on Monday, May 4, 2026, for a high-level engagement aimed at addressing the growing tension and safeguarding bilateral relations between both countries.

In a statement issued on Sunday, the spokesperson for the Ministry, Kimiebi Ebienfa, said Nigeria would formally express its “profound concern” over recent developments in South Africa, particularly reports of harassment, violence, and destruction of property belonging to foreign nationals.

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According to the ministry, the meeting will focus on ongoing demonstrations by various groups in South Africa and documented cases of attacks on Nigerians and their businesses in parts of the country.

READ ALSO:Group Condemns Tunisian Xenophobic, Racial Attacks On African Migrants

The objective of this engagement is to formally convey the Nigerian Government’s profound concern regarding recent events that have the potential to impact the established cordial relations between Nigeria and South Africa,” the statement read.

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It added that discussions would also address ongoing demonstrations by various groups within South Africa and documented instances of mistreatment of Nigerian citizens and attacks on their businesses.

The ministry acknowledged growing anger among Nigerians over reports of xenophobic violence but urged restraint, stressing that diplomatic engagement remained the preferred channel for resolution.

It assured Nigerians that the Federal Government was actively engaging South African authorities to ensure the protection of its citizens abroad.

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READ ALSO:US Visa Adjudication Sparks Concerns Over Diplomatic Relations

The Ministry is aware of the growing discontent among Nigerians concerning the treatment of their nationals in South Africa. Nevertheless, it implores the Nigerian public to remain calm and reiterates the Federal Government’s commitment to protecting the rights and well-being of Nigerian citizens residing in South Africa,” the statement added.

The latest diplomatic move comes amid renewed reports of xenophobic tensions in parts of South Africa, where foreign-owned businesses have occasionally been targeted during protests linked to unemployment and economic hardship.

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South Africa has a history of xenophobic violence dating back to 2008, with subsequent flare-ups in 2015 and 2019, when mobs attacked migrants, looted shops, and displaced thousands of foreign nationals across several provinces.

In past incidents, Nigerians and other African nationals were among those affected, prompting strong diplomatic reactions from Abuja and calls for stronger protection of foreign communities.

While South African authorities have repeatedly condemned such attacks and deployed security forces to restore order during outbreaks of violence, concerns have persisted over recurring hostility in some communities.

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Mississippi Man ‘Kills Mother, Flushes Her Remains Down Toilet’

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A 29-year-old Mississippi man, Zachary Lavel Jackson Jr., has been charged with multiple offences, including first-degree murder, over the death of his mother, Lana Brown Bradley, after deputies responded to her Natchez home on April 4 following a missing person report from relatives.

The Adams County Sheriff’s Office said deputies were called to Bradley’s residence after her oldest son was unable to reach her the previous day.

Jackson was initially identified as a family member before investigators confirmed he was her son.

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Sheriff Travis Patten described the case as deeply disturbing.“This is by far the most heinous crime that I’ve ever witnessed in my entire life. We weren’t out there that day; this was one of those things when we walked up.

READ ALSO:Bandits Kill Nine, Injure Eight In Fresh Attack On Zamfara Village

This was one of those cases that you will never, ever forget in your life. This is the type of case that follows you home,” Patten told WJTV.

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According to the sheriff, deputies noticed signs of a recent cleanup when they arrived at the home.

“As soon as they walked in the house, they could just see where somebody had been cleaning up, and they could smell chemicals all throughout the house.

“Floor was extremely slippery. And the older son said that this is just unusual for the youngest son to be cleaning up the house like that,” Patten explained.

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READ ALSO:US Comedian Reggie Carroll Shot Dead In Mississippi

Jackson, the youngest son, was found in a bathroom, where deputies allegedly made a discovery that became central to the investigation.

“I can say what was in the toilet, and it was her flesh. He chopped her up in pieces and dismembered her in a way that whoever came looking for her would have to do their due diligence to find her, and that’s just what we did,” the sheriff said.

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Authorities said Jackson allegedly placed parts of his mother’s body in a suitcase and attempted to dispose of other remains.

Jackson faces charges of first-degree murder, second-degree murder, mayhem and tampering with evidence.

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Investigators said Bradley, a retired teacher, had recently sought to evict her son from the home. Patten, citing family interviews, said Jackson was believed to be mentally unstable but also noted that his actions appeared deliberate.

“He had threatened her the day before because she was looking to have him evicted from the home.

“She was in the process of doing so and had just gone to court the day before to have him removed from the home,” Patten explained.

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Iran Says War With US May Resume As Trump Rejects Proposal

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Iran’s military has warned that the war with the United States and Israel could resume, declaring that it is fully prepared for any renewed confrontation as tensions between the sides continue to deepen.

In a statement reported by Iranian state-affiliated media, senior military officials said a return to hostilities is “likely”, citing what they described as Washington’s lack of commitment to previous agreements and negotiations.

The warning comes after US President Donald Trump expressed dissatisfaction with Iran’s latest peace proposal, saying the terms presented by Tehran included demands he “can’t agree to”.

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READ ALSO:US Underestimated Iran Before War – France’s Bardella

According to officials in Tehran, Iran believes it showed flexibility during earlier negotiations, including talks held in Islamabad and during the ceasefire period. However, authorities argue that the United States has instead taken a tougher stance, widening the gap between both sides.

Iranian officials insist that key issues such as sanctions relief and the status of the Strait of Hormuz must be resolved before any broader agreement, including discussions around its nuclear programme, can progress. They also reject what they describe as US demands amounting to “surrender”.

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The growing diplomatic deadlock has raised fears that another round of fighting may be imminent, with Iranian authorities indicating that preparations are already underway.

READ ALSO:Iran Allows 20 More Pakistani Ships To Pass Through Strait Of Hormuz

Meanwhile, the prolonged conflict continues to have far-reaching consequences within Iran. Internet monitoring group NetBlocks reports that the country has entered its 64th day of near-total internet disruption, effectively isolating it from global online networks.

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The shutdown, which began after renewed anti-government protests earlier in the year and intensified following the outbreak of the war, has significantly disrupted businesses and livelihoods across the country.

Beyond Iran, the conflict is also reshaping global dynamics. Rising oil prices linked to the war have placed pressure on international markets, while geopolitical tensions have strained alliances, including between the United States and European partners.

As both sides remain far apart on key issues, analysts warn that without a breakthrough in negotiations, the fragile pause in fighting could collapse, paving the way for renewed military escalation in the region.

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