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LAGOSHOMS BENEFICIARIES TAKE FULL OWNERSHIP OF PROPERTIES

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…..Sanwo-Olu presents Exit Certificates to allottees, initiates new redemption policy to service mortgage

…..Governor names Ilupeju LagosHOMS Estate after late Oba Olatunji Hamzat

 

First set of beneficiaries of Lagos Home Ownership Mortgage Scheme (LagosHOMS) have fulfilled their 10-year payment obligations to fully own the properties allotted to them by Lagos State Mortgage Board in 2014.

Governor Babajide Sanwo-Olu presented Exit Certificates to the allottees at a ceremony held in NECA House, Ikeja, on Thursday. The instruments now fully conferred the ownership rights of the properties on the beneficiaries, following the completion of their mortgages.

The properties, which were built by the State Government, were purchased and allotted through a rent-to-own scheme managed by the Board. Since inception of the mortgage scheme in 2014, no fewer than 20,000 Lagosians have subscribed to the scheme, which has made it easier for people with limited capital to buy and own decent homes.

LagosHOMS is a welfarist initiative designed by the Lagos State Government to bring succour to low- and middle-income families and assist them in achieving their dreams of becoming property owners.

Sanwo-Olu said the fulfillment of the mortgage obligations by the allottees was a proof of acceptability of the scheme among State’s residents. He said the State Government had made significant strides in the provision of affordable housing, with renewed efforts to address the housing deficit through a number of simple interest schemes designed for average families.

The Governor reiterated that his administration remained steadfast and committed to reducing the deficit in the State’s housing market, while making affordable homeownership options available for the State’s growing population.

He said: “Today, we celebrate a decade of social housing delivery through LagosHOMS, which reflects the progress we have made in our journey towards providing affordable housing for the people of Lagos. We are marking the successful ownership of homes by Lagosians who have fulfilled their mortgage obligations. This is proof of our administration’s commitment to making homeownership a reality for our citizens.

“We remain steadfast in our efforts to reducing the housing deficit in Lagos and providing more affordable options for our growing population. Our focus will continue to be on increasing access, while improving the quality of our housing units, expanding mortgage financing options, and collaborating with stakeholders to drive further housing development and enhance the lives of our citizens.”

Sanwo-Olu, at the event, approved a new LagosHOMS redemption policy, which presents an opportunity for an early exit from the mortgage rent-to-own contract.

According to the new policy, allottees that have spent a minimum of six years on the rent-to-own scheme and can afford to pay off their balance ahead of time can now exit without having to wait until the 10th year originally agreed in their allocation documents.

The Governor said his administration introduced and supported legislative reforms aimed at streamlining housing delivery processes, reducing bottlenecks in land acquisition, and ensuring transparency in housing allocation.

The Deputy Governor, Dr. Obafemi Hamzat, said the mortgage financing model was key to addressing housing demand and enhancing development in the States.

He said: “All over the world, housing demands have been adequately managed through the mortgage system. The scheme makes it easy for an average income earner to own a home without having his life disrupted. It reduces the stress of having to build bit by bit.”

Commissioner for Housing, Hon. Maruf Akinderu-Fatai, said the completion of the mortgage obligations by the allottees made the State Government to be proud of the initiative, stressing that the scheme was a testimony to sustainability of governance in Lagos.

The Commissioner said 75 per cent of housing stocks built by the Ministry of Housing was allocated for LagosHOMS, with 6 per cent simple interest rate.

Akinderu-Fatai urged beneficiaries to maintain the aesthetics and structural standard of the properties bequeathed to them.

General Manager of Lagos State Mortgage Board, Mr. Bayowa Foresythe, explained that the allottees went through the pre-qualification process, which assessed their Debt-to-Income (DTI) ratio before finally being issued allocation documents and keys.

He said the monthly payments by the mortgagors were re-invested into provision of more affordable housing units across the State.

“We use this opportunity to encourage other beneficiaries of our mortgage and rent-to-own schemes, who are yet to complete their obligations to continue making their repayments, insurance and facility management fees as at when due. This will help in maintaining the schemes for sustainability,” Foresythe said.

Sanwo-Olu named the Ilupeju LagosHOMS Housing project after the late Oba Mufutau Olatunji Hamzat, an elder statesman, political leader in Mushin and father of the Deputy Governor.

 

 

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Impeachment Proceedings Against Fubara, Deputy Still Active – Rivers Assembly

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The Rivers State House of Assembly has officially reaffirmed that the impeachment proceedings against Governor Siminalayi Fubara and his deputy, Prof. Ngozi Odu, are ongoing and have not been suspended.

 

The Assembly said the process is still ongoing and is being conducted strictly in line with constitutional provisions.

 

This was contained in a statement issued on Friday by the Chairman of the House Committee on Information, Petitions and Complaints, Hon. Enemi George.

 

According to the statement, the impeachment process, which began on Thursday, January 8, 2026, remains on course in line with the 1999 Constitution of the Federal Republic of Nigeria (as amended).

 

The lawmakers disclosed that separate notices of allegations bordering on gross misconduct have been served on both the governor and his deputy in line with Section 188 of the Constitution.

 

“The notices of allegations of gross misconduct against the Governor and the Deputy Governor have been duly forwarded to them by the Speaker of the House, Rt. Hon. Martins Amaewhule, and the House is awaiting their responses,” the statement said.

 

The Assembly maintained that it is constitutionally obligated to act in the interest of the rule of law and ensure that no public office holder acts outside legal boundaries.

 

Reacting to reports suggesting that the impeachment move had been halted, the House accused some individuals and media outlets of deliberately spreading misinformation to mislead the public and stir tension between the legislature and Rivers residents.

 

The lawmakers described such reports as false and insisted they would not succumb to intimidation, threats, or blackmail.

 

“We are aware of renewed attempts by certain persons and media platforms to misinform the public by claiming that the impeachment process has been discontinued. The public should disregard such falsehoods, as the process remains active,” the statement added.

 

The Assembly reaffirmed its commitment to democratic principles and constitutional responsibilities, stressing that it would not be distracted by what it termed “cheap propaganda.”

 

It also appreciated the people of Rivers State for their support and prayers amid the ongoing political developments and extended goodwill to Nigerians committed to the nation’s democratic journey.

 

JomogNews reports that during Thursday’s plenary session, presided over by the Speaker, the Majority Leader, Major Jack, formally read the notice of allegations of gross misconduct against Governor Fubara on the floor of the House.

 

 

 

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Your Second Coming Was A Chance To Avoid These Political Mistakes – Fayose To Fubara

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Former Governor of Ekiti State, Ayodele Fayose, says the second coming to office of the Rivers State Governor, Siminalayi Fubara, after the elapsing of the state of emergency should have made him better.

 

Fayose’s remarks come as the Rivers State House of Assembly has initiated impeachment proceedings against Fubara as of January 8, 2026.

Speaking in an interview on ‘Politics Today’, a programme on Channels Television on Friday, Fayose said he was removed as governor and went to exile but became a better person upon his return.

Fayose said that President Bola Tinubu hates ingratitude just like any other person else does.

The former Ekiti governor also dismissed the claim that what is happening in Rivers state is politics taken too far.

According to him, the constitution provides rules of engagement for every politician, stressing that it is when one gets out of the rule that he begins to look for public sympathy.

“The coming back of Governor Fubara should have made him a better person .If you made a mistake the first time, the second time you are not supposed to go through that route.

“Politics is a power game. Nobody solves political game for you. With due respect, let me tell you. Fubara is the one enjoying the office of the governor of Rivers state. It’s not the FCT Minister, Nyesom Wike.

“Some people are saying it’s about Tinubu’s election. No! Because Tinubu’s election will come first, don’t forget that. Both Wike and Fubara will all work for Tinubu. Two weeks after, there will be an election for Rivers state,” he said.

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Panic In Ibadan As Rising Kidnap, Robbery Threats Trigger Official Red Alert

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Residents of Ibadan, specifically in Bodija, Agbowo, Akobo, and the Agodi GRA, are currently on high alert after the Police and the Police Community Relations Committee (PCRC) issued an urgent warning regarding a recent surge in kidnappings and armed robberies in those areas.

 

According to the DAILY POST, the Bodija Housing Estate Police Division and its community partners have formally expressed concern over the deteriorating security situation in the area.

 

In a statement signed by Bodija Housing Estate Police Division PCRC and Community Policing Unit of the division, they noted that there is an increase in the rate of kidnapping and armed robberies in areas such as Akobo and Bodija.

 

The statement urged residents to take necessary safety measures amidst rising cases of kidnapping and other criminal activities in areas such as Akobo and Bodija.

 

In the statement tagged “Urgent Safety Measures Amid Rising Kidnapping and Armed Robbery Incidents in Areas Including Akobo and Bodija the residents were alerted that the desire for quick wealth has driven some individuals to commit terrible acts.

 

Part of the statement reads, “In light of the recent increase in criminal activities such as kidnapping and armed robbery across our communities, it has become imperative to issue updated safety guidelines. The desire for quick wealth has driven some individuals to commit terrible acts, and we must all be vigilant.

 

“Please adhere strictly to the following precautions, and also note the additional measures outlined below:

 

“Remember: Your safety and that of your loved ones depend greatly on your level of awareness and willingness to take precautionary steps. Security is a collective responsibility.

 

“Report emergencies promptly to: Oyo State Police Command: control room:08081768614, 08081768574

Bodija Division: DPO +2348052046348; PCRC Helpline/ Chairman – 07068874553”.

 

JomogNews reports that some residents have been in a panic mood as a result of the notice.

 

A resident of Bodija Housing Estate, who spoke on the condition of anonymity, explained that the recent happenings necessitated the notice.

 

“The recent happenings necessitated the move. Yes we have to be careful. People now think twice before they go out. We are more security conscious than before,” he said.

 

 

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