Lagos State Government set to penalize homeowners found guilty of renting out their apartments at exorbitant fees.

The Lagos State Government on Thursday said it would penalize homeowners found guilty of renting out their apartments at exorbitant fees. Commissioner for Housing Moruf Akinderu-Fatai in a statement said the government would wield a big stick on allottees who engaged in sharp practices. According to him, residents of various state housing schemes have filed complaints about the high rent being charged by homeowners. He added that the state government will withdraw allocation from culpable homeowners. He said: “The essence of asking allottees to make a 5% down payment & spread the remaining amount for 10 years was to make life bearable for Lagosians. “Some people seem to be taking Mr. Governor’s magnanimity for granted. They are renting those apartments out to make money. The question is why do people try to inconvenience others when the government intended to make life bearable for citizens?”