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Oyo Speaker moves motion to curb illegal charges by estate agents


Oyo State House of Assembly Speaker, Adebo Ogundoyin, yesterday, called for urgent need to curb illegal charges and extortions by estate agents.

In a motion moved by Ogundoyin, alongside his colleague, Babajide Adebayo, representing Ibadan North II Constituency, during the plenary, the lawmakers noted that it had become rather difficult for prospective tenants to rent a house or shop without going through an agent.

According to the motion, there is a rise in cases of people being duped and extorted by agents, who collect or charge illegal fees from them, adding that some dubious agents even abscond after collecting money from prospective tenants with no traceable address.

“Fraudulent and greedy agents usually charge agency fee, agreement fee, caution fee (suppose to be refunded), legal fee, inspection fee, among others.

“Can you imagine someone getting accommodation in Ibadan and the total package is N900,000. The rent may be about N500,000 while other charges will be N400,000,” he said.


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