Wednesday, September 9, 2026
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
  • Mails
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
  • Mails
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Business

Ebonyi regulates scrap business, rent, agency fee

Maurice Okosisi by Maurice Okosisi
August 14, 2026
in Business
0
Ebonyi regulates scrap business, rent, agency fee
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Ebonyi State House of Assembly has passed into law a bill regulating scrap trade, house rents and estate agent fees to curb vandalism and exploitation.

The bill, passed during plenary presided over by the Speaker, Hon. Moses Odunwa, is titled ”The Ebonyi State Sale of Scraps, House Rent and Agent Fees Regulation Law, 2026”.

The law deemed to commence immediately if assented to by Gov. Francis Nwifuru, sought to regulate the sale, possession, transportation and disposal of metal and electrical scraps, standardise house rents and curb excessive agent fees.

It prohibits the purchase, sale, possession for sale, transportation or disposal of metal or electrical scraps except by licensed dealers operating in accordance with regulations made under the law.

The legislation proposes imprisonment for a term not exceeding two years or a fine of up to N500,000 to offenders.

The legislation also stipulates that landlords who obtain possession of accommodation through fraud, misrepresentation or concealment of material facts commit an offence punishable by up to two years imprisonment.

It further limits agents’ fees to not more than two per cent of the gross sum of a property transaction.

From the commencement of the law, landlords are required to comply with standard rents prescribed by the Governor for applicable categories of accommodation.

The law also requires all estate agents operating in the state capital to register with the Ministry of Capital City to promote transparency and professionalism in property transactions.

Presenting the bill, the House Leader, Hon. Kingsley Ikoro, said the legislation was designed to check vandalism, environmental degradation and exploitative practices in the housing sector.

“This legislation is very important to us as a people because it will help check vandalism of critical assets, environmental degradation and exploitative practices in the housing sector,” Ikoro said.

Contributing to the debate, Hon. Victor Nwoke, Hon. Aloysius Nwodo, Hon. Oluchukwu Ezeali,  Hon. Friday Ogbuewu and Hon. Celestine Ogba, described the legislation as timely and necessary to address scrap theft and arbitrary rent increases.

The Speaker noted that scrap dealers had caused considerable havoc in the society, adding that if acted on, the legislation would promote public safety and restore sanity to property transactions.

The bill was considered clause-by-clause by the Committee of the Whole, with members correcting identified grammatical errors, before unanimously passing it into law.

The House also adopted the state Auditor-General’s report on the consolidated financial statements of the Ebonyi Government for the year ended Dec. 31, 2025, which it said conformed with accepted accounting principles.

The lawmakers screened and confirmed nine nominees of the Governor as coordinator and members of the management committee of Amasiri Development Centre, Afikpo Local Government Area.

The screening follows the reinstatement of the Development Centre, which had earlier been disbanded and delisted by the Ebonyi State Government.

Previous Post

Finance Ministry, NNPCL clash over NEITI audit queries on $3bn loan, $722m LNG dividends

Next Post

Kidnappers collect N30.5 million, $98,700.00 from victims in Ezeagu, Udi, Nkanu, parts of Enugu 

Next Post
Kidnappers collect N30.5 million, $98,700.00 from victims in Ezeagu, Udi, Nkanu, parts of Enugu 

Kidnappers collect N30.5 million, $98,700.00 from victims in Ezeagu, Udi, Nkanu, parts of Enugu 

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
We’re under siege, terrorism eating up Benue, Gov Alia cries out
Cover

We’ve no hand in Obi’s attack – Benue govt  

by Hassan Tanko
September 8, 2026
0

*Blames Obi for entering the state without notice The Benue State Government has rejected, in the strongest terms, claims by...

Read moreDetails
Amnesty International condemns NBC notice to B/cast stations, as attempt to silence Nigerian media

Amnesty International lampoons Benue govt over attack on Obi

September 8, 2026
Benue govt must identify, prosecute those that blocked Peter Obi’s movement – Kwankwanso 

Obi’s Benue Blockade: Obidients Movt urges security to arrest, prosecute perpetrators 

September 8, 2026
Benue govt must identify, prosecute those that blocked Peter Obi’s movement – Kwankwanso 

Governor’s aide led thugs that stopped me from entering Benue — Obi

September 8, 2026
Benue govt must identify, prosecute those that blocked Peter Obi’s movement – Kwankwanso 

Benue govt must identify, prosecute those that blocked Peter Obi’s movement – Kwankwanso 

September 8, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng