₦airaland Forum

Ance4Liverpool:
This is insurance company never no say na Nigeria be this
People will burn there old house so that insurance company will rebuild it for them

Most Nigerian youths are cunningly smart. Small time, "yahoo boys" go develope format to cash out.

InvertedHammer:
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The new generation members of RCCG, Chosen, Zion Ministry, etc and the unforgettable "What God Cannot Do Does Not Exist" do not know that higher madness had always existed in Nigeria before their own. Whatever madness they currently exhibit is a tip of the iceberg compared to the days of Fr. Edeh, Eddy Nawgu, Reverend King, Pastor Sign Fireman just to mention a few. As long as pervasive poverty exists in Nigeria, paid "miracle" workers will continue to thrive. Don't blame the followers because it seems like it is a carryover curse from their grandparents in the late 80s till 90s.

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You are right. Nothing is new with religion. There has always been manipulative religious leaders.

Landlords and occupiers of public buildings across the country will be fined ₦1m, jailed for 12 months, or both if they fail to insure their properties against hazards, according to the newly signed Nigerian Insurance Industry Reform Act.

According to a copy of the new law cited by The PUNCH, all public buildings must be insured against risks such as collapse, fire, earthquake, storm, flood and such other hazards as the National Insurance Commission may determine.
Section 76 (6) defines public buildings as including a tenement house of more than one floor, a hostel, a building occupied by a tenant, lodger or licensee and any building to which members of the public have access for obtaining educational or medical service or for recreation or transaction of business.
In addition to protecting lives and property, insurance policies are required to cover the legal liabilities of landlords and occupiers for bodily injury, death, or damage suffered by users of the premises and third parties.

A part of the new law stipulates that, “Also, every direct insurer on policies issued under subsection (1) shall pay 0.25 per cent of the net premium received quarterly into a Fire Services Maintenance Fund which shall be established, administered and disbursed by the Commission to provide grants or equipment to institutions engaged in firefighting services.”
“An insurer who defaults in making payment as required under subsection (3) is liable to a penalty of not more than 10 times the amount payable, provided that persistence in non-compliance with the provision shall be a ground for the cancellation of an insurer’s registration. An owner or occupier of premises who contravenes the provision of this section commits an offence and is liable on conviction to a fine of at least ₦1,000,000 or imprisonment for a term not exceeding 12 months or both.”
The law also empowers NAICOM to demand that the appropriate authorities seal up any building that poses a serious risk to the public if no valid insurance cover is in place.

Still under the compulsory insurances provided for by the new Act, section 77 stated that all assets and employees of the Federal Government and its agencies shall be insured against the hazards and perils of such nature as the Commission may determine.
Section 78 stipulates that all petroleum and gas refilling stations and installations be insured against third-party losses occasioned by accidental fire outbreak or explosion. Also, all vehicles transporting petroleum and gas products shall be insured against third-party losses occasioned by accidental fire outbreaks or explosions.
The responsibility of the cover is on the owner of the petroleum and gas products in transit or the owner or operator of the relevant refilling station. The law states that a copy of the Certificate of Insurance that meets the minimum requirement should be displayed in a conspicuous location at the refilling station or included in the documents covering the petroleum and gas products in transit.

Also, a person who fails to comply with subsections is liable on conviction to a fine of at least ₦1m or a minimum term of two years’ imprisonment or both.

Section 79 (1) dwelt on how claims are settled, stating, “Where a house or any other building insured against loss by fire is damaged or destroyed by fire and there is no reasonable ground to suspect that the owner, occupier or any other person who insured the house or other building is guilty of fraud in respect of the insurance, or of wilfully causing the fire, the insurer who is liable to make good the loss may, on the request of any person entitled or interested in the insured house or building, cause the insurance money payable to be paid out and expended as set out in subsection (2).

“(2) The insurance money payable under subsection (1) shall be paid out and expended towards rebuilding, reinstating or repairing the house or any other building so burnt down, damaged or destroyed by fire, unless (a) the party or parties claiming such insurance money, within 60 days after the claim is agreed, give security to the satisfaction of the insurer that the insurance money will be paid out and expended as stated; or (b) the insurance money is, at the time, settled and disposed of among all the parties entitled as the insurer may determine with the approval of the court on the application of the insurer or any of the interested parties.

“(3) Notwithstanding the provisions of subsection (1), the insured shall have the right to decide whether to reinstate the house or building damaged or destroyed by fire or to pay the insured for the loss suffered but not exceeding the insured sum.”

~Oluwakemi Abimbola
(Oluwakemi is a Senior Correspondent with #ThePUNCH.)

#SOURCE
https://punchng.com/landlords-risk-n1m-fine-jail-for-uninsured-buildings/?fbclid=IwZXh0bgNhZW0CMTEAAR5ESAhy6xllgksAvIvyb32aIJ5RGeG0algQErQz78t9mGWwp6wSoFhxwoMdtQ_aem_U2Qmo09RFDwGW16VudiCIQ

Jesu Onyingbo! Olumba Olumba! Jim Jones!

For every generation, there's a Jonestown.
For every era, there's a David Koresh.
Leaders through "manipulation"
forced their followers to believe
they are Jesus and, will live
forever.

Ruke1991:
Politicians make things hard for this people. Once they know govt establishment pay well. It's hard to approve employment slots for you except you part with half of it. At the federal level, there are mandatory slot sharers:

1) Senate committee on education takes their slot
2) Civil service commission takes their slot before approval if not they won't give you go ahead to employ
3) Minister of education takes his slot
4) Federal character commission also takes their slot. They supervise employment process
5) IPPIS takes their slot if not you can employ but the new recruits will never get paid for as long as you refuse to settle

Then you have optional slot sharers from
1) governor of the state where you operate
2) state and federal lawmakers acting individually
3) traditional rulers in whose domain you operate
4) host community demanding quotas

Most time the total employment slot you are given is between 100 to 200. But see the number of people ready to set landmines for you. These people have real power to hurt you or support your second tenure. How do you try to be fare when the slot has been compulsorily taken away from you by those stronger than you

Most time when they see that 60% of the slots have been taken from them, they just use the remaining slots to settle their family and friends because the slot remaining cannot make any mark on the large applicant pool. Even the stress to scrutinize 20,000 applicants only to give only 50 Jobs, our public sector managers are not cut out for that
.

I agree with you 💯 percent.
Corru ption has eaten deep into every sector, every fibre, every artery and ever veins of the Nigerian in the helm of affairs of most institutional. Sad, sad indeed...

What a pity, what a ridicule. An Ex-governor fighting to retain Forty vehicles as "pecks" from his former office.

Most of these politicians are overly gre edy, sham eless and corr upt.

Chai! Love comes in diverse ways ♥️🖤
Congratulations to Ichie & Vivian

Ooh! May we not allow f0olishness put us in tr0uble. He preferred s3x over job security.

Protest, protest, protest! Not everytime protest. Why not help the lady get her certificate? Find out where she breached the NYSC codes/byelaws.
Arbitration is better that altercation.

Nothing wrong with taking an extra effort to look for a "befitting message " for his GF. I'm sure he has not broken any law.

You just eat the Apple from the tree of life and death. The tree of knowledge and fo0lishness.
Enjoy it while it lasts.

Abuja now seems the No. 1 destination for rural/urban migrations. Despite these migrations, the population of Lagos is not easing off.

Good step. There's hope for many homeownership desires to come to reality.

"I will do ONLY ONE TERM" ... 3rd paragraph.

An experienced Nigerian Politician knows why he also chose to stand by the "unwritten code of rotational presidency between North and South".

But, someone is saying only a "lùnatiq" would want to go ONLY ONE TERM.

This a good step on the part of LASG.
The proliferation of uncompleted housing developments without requisite #governmentapprovals is alarmingly high.

It's not just selling lands, approvals must be sort and gotten. This aides subscribers to take Physical possession of their plots for required developmental purposes.

The student union of Obafemi Awolowo University (OAU) has rejected new dress code, cite rights violation.

What do you think? Should they reject the law?

Lionessza6:
Why is he complaining instead of taking care of his woman ...isn't that what Nigerian men claim to be good at? . Be a good ambassador of Nigeria and take care of your woman....what a lazy man .

Hmm 😒 😒 Lioness don bear her fangs! He's lazy because he refuses to be manipulated to "buy her food"

At least make dem even pass the 24 hour "billing cycle" 🙂😕🙄

He's warming up to be the Turaki's Campaign Director!

Lagos State: Stakeholders fault LASERA for high fees.

Stakeholders have raised the alarm over the agency’s high fees required to register with the Lagos State Real Estate Regulatory Authority, which they perceived as overreach, and the creation of a dual regulatory structure that could undermine established professional bodies.
Chairman of the Board of Trustees of the Nigerian Institution of Estate Surveyors and Valuers, Austin Otegbulu, told PUNCH that it is abnormal and conflicting to have dual regulators.
“We cannot have two regulators. We have a lot of regulators. When there is a conflict, who do I obey? Because we are under the government’s law,” Otegbulu stated. “There are professional bodies who pay their dues every year to the Federal Government agency. It is wrong to have two regulators. It is abnormal.”
He also expressed strong disapproval of the N1m annual registration fee imposed by LASERA: “The emphasis should not be on the money but on the skill. The amount is too much. You will scare away skilled people who don’t have the money. Saying to pay N1m is like saying you’re out to make money. What about people who have the skill but not the money who will now be kept out?”

His sentiment was echoed by other real estate professionals who, while commending LASERA’s intent to sanitise the sector, also questioned the agency’s approach.
Chapter President of FIABCI Nigeria, Akin Opatola, voiced his concern over accessibility, warning that the new regulation risks excluding smaller players and honest professionals.
“I don’t know what it is [the registration fee]. But I also know that all fingers are not equal and the economy is also biting. It’s tough. But I think that there will be further consultations and stakeholder engagement to see how they can make the fees a little bit more friendly,” he said

Opatola also drew attention to the reputational damage caused by unregulated players, urging LASERA to invest more in education and ethics enforcement rather than just regulatory control: “The bad eggs are giving us professionals a bad name. Now, the average barber, the average chef, the average vulcaniser, and everybody call themselves real estate agents. It shouldn’t be so.”
While the president of the Real Estate Developers Association of Nigeria, Akintoye Adeoye, acknowledged LASERA’s efforts in curbing quackery, he too called for a downward review of the fees.

"If they can bring it down, probably N500,000, maybe that will encourage more people to register with them,” he told our correspondent, noting that at “N1m per annum,” the cost could deter legitimate developers.
Adeoye commended LASERA for addressing the rising presence of unqualified practitioners in the real estate space.
“We have a good understanding of what LASERA is doing, which is regulation,” Adeoye stated. “The industry is actually full of quacks. And LASERA is doing a good job. Our members have been encouraged to also register with LASERA. So that LASERA, as one of the regulators, we strongly believe that it will minimise quackery in the sector.”

He further highlighted the agency’s proactive approach, saying, “LASERA also comes with discipline. And they also come with intervention. I remember two or three cases where LASERA has intervened, even in matters that involve our members.”
Adeoye praised the leadership, adding, “The current director of LASERA, she’s doing a good job. And also, the Commissioner for Housing—they are quite professional in their work. And we just encourage people to comply with their directives. And we will continue to partner with them to bring sanity and decorum to this sector.”

In June 2025, LASERA made it illegal to conduct any real estate business, whether brokerage, development, or agency, without a valid LASERA-issued registration certificate.
The directive was announced by the head of LASERA, Barakat Odunuga‑Bakare, and reinforced enforcement of compliance and imposed stricter controls, including a cap on agency fees and mandatory practitioner registration.
As part of this regulatory push, LASERA instituted a N1m annual registration fee, a move intended to professionalise the industry but which has since triggered debate over affordability.

#Princess Etuk
14th July 2025
Source:
https://share.google/XSbK0VYDj5EXJ0Adt

dollytino4real:
Wen dem don fall one agent dem go respect dem self, plenty of dem no fit stay 4 expensive house but dem go put high price making landlords greedy

I agree with you. Majority of these agents are greedy, cunning and crafty.

They should form an association. A pressure group to oversee their welfare, wellbeing, protection and security

I wish the government could set a law that regulates the rental values of accommodation, especially in urban cities and towns.

Great joy it will be to see shylock landlords, cunning house agents and greedy property lawyers jailed for aiding high rents.

He's a fo0l. You bring a private discussion to the public forum? If you don't wish, simply reject it.

Who knows the pains, efforts, time and Financial burdens in their quest for becoming parents.

No! This present state of Israel is NOT the same as the biblical Israel.

What is this? Morality? School code and laws?
This is a non-issue. Going bra-less will rather prevent some of the female students from stuffing their bras with expo materials.

grandstar:
I don't see how a phone is possible after their father has destroyed the critical supply chain with his senseless tariffs.

I think they want to sell luxury to the gullible American

SusanOpeyemi:
She is pained that no man is looking her way.

She'll soon get a younger dude.

Klington:


I still don't understand why musk is in a hurry to pull down the same person he supported with everything a few months ago.

Could it be for personal gains?

It is purely personal gains. There's nothing new in this situation. This is exactly what's happening between a former Gov & the current Pres.

She did wrong. This is one of the challenges which men who are married to single mothers face.
The tendency of the baby mama still being in love with their baby daddies cannot be ruled out.

I ask! Suppose her ex has a wife, what impression will her visit impact?

So much drama. To much dancing around. Focus will win the race, not dramatics.

"When I defect, I expect all the people working with me to join me on the otherside." ~Anon