NaijaWorld
NaijaWorld
Building Nigeria's Best Forum
Post
kunle·Politics·

Ebonyi Assembly Passes Bill to Cap Agent Fees and Regulate Rents, Scrap Trade

Ebonyi Assembly Passes Bill to Cap Agent Fees and Regulate Rents, Scrap Trade

The Ebonyi State House of Assembly has passed a bill to regulate scrap trading, rents and estate-agent fees. The proposed law will take effect after Governor Francis Nwifuru gives assent. Under the bill, only licensed dealers may buy, sell, transport or dispose of metal and electrical scraps. Violators risk up to two years in prison or a fine of up to ₦500,000. Lawmakers say the measure is aimed at reducing theft, vandalism and environmental damage. The bill also limits estate-agent fees to no more than 2% of a property transaction and requires agents in Abakaliki to register with the Ministry of Capital City. Landlords would be expected to comply with rent standards set by the governor, while fraudulent eviction practices could attract criminal penalties.

31
6

Use The App To Win ₦1m

Google PlayApp Store

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.

O
olivia

How will the proposed limits on agent fees and rent regulation work in practice once the governor gives assent?

0
J
jaruma

What enforcement measures will ensure landlords and agents actually comply with the new caps?

0
K
kris

Putting rents, estate-agent fees and scrap trading in one bill shows the Assembly is targeting several everyday market pressures at once.

0
M
mary

Could combining these issues in one bill make proper scrutiny of each area more difficult?

0
J
jude

Regulation may help, but simply restricting activities to licensed scrap dealers could create new barriers if implementation is not handled carefully.

0
M
mel

Residents and traders should follow the final law after assent, especially the licensing requirements and any rules affecting agent fees.

0

More from Politics